Scotts Miracle-Gro’s performance
Scotts Miracle-Gro (SMG) delivered a 13% return in 2017. It primarily serves the lawn and garden market in the United States and Europe. However, more recently, it has forayed into the indoor gardening business through acquisitions.
Nine Wall Street analysts are covering Scotts Miracle-Gro, They have a consensus mean rating of 2.3 on the stock with an overall “buy” recommendation as of January 10, 2018.
Of the nine analysts, two have a “strong buy” recommendation for the company for the next 12-month period, and two analysts have a “buy” recommendation for the stock.
As of January 10, 2018, the current consensus median price target for SMG is $106, which would leave an upside of 2.2% over its closing price of $108.40 that day.
In the past two months, Bank of America upgraded SMG’s price target from $107 to $110 and maintained its “buy” recommendation. Around the same time, JPMorgan downgraded the stock from “overweight” to “neutral” and maintained a price target of $99.
In the next and final part of this series, we’ll look at the ratings and price targets for Sociedad Química y Minera de Chile (SQM).