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Scotts Miracle-Gro: Ratings and Price Target for January

Adam Jones - Author

Jan. 12 2018, Updated 10:32 a.m. ET

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.

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Analyst ratings

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.

Similar to Mosaic (MOS) and Monsanto (MON), the majority (or five) of SMG’s analysts (MOO) have a “hold” recommendation for the stock. None of them have a “sell” or “strong sell” recommendation.

Price targets

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).


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