Analyst Rating Update on Scotts Miracle-Gro Company (The) (SMG)

Scotts Miracle-Gro Company (The) (SMG) : 7 analysts are covering Scotts Miracle-Gro Company (The) (SMG) and their average rating on the stock is 2.57, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Scotts Miracle-Gro Company (The) (SMG) : 3 investment research analysts covering Scotts Miracle-Gro Company (The) (SMG) have an average price target of $76.33 for the near short term. The highest target price given by the Brokerage Firm to the stock is $85 and the lowest target is $70 for the short term. Analysts expect the variance to be within $7.77 of the average price.

Company shares have received an average consensus rating of Hold for the current week


Scotts Miracle-Gro Company (The) (NYSE:SMG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $75.80 and $74.54 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $78.63. The buying momentum continued till the end and the stock did not give up its gains. It closed at $78.03, notching a gain of 5.92% for the day. The total traded volume was 850,892 . The stock had closed at $73.67 on the previous day.

The Scotts Miracle-Gro Company (Scotts Miracle-Gro) is a manufacturer and marketer of branded consumer lawn and gardens products. The Companys segments include Global Consumer, which manufactures and markets consumer lawn and gardens products, including lawn care, Gardening and Landscape and Home Protection, and Scotts LawnService, which provides residential and commercial lawn care, tree and shrub care and limited pest control services in the United States through periodic applications of fertilizer and control products. The Company sells its consumer products primarily to home centers, mass merchandisers, warehouse clubs, large hardware chains, independent hardware stores, nurseries, garden centers and food and drug stores through both a direct sales force and its network of brokers and distributors. The primary distribution centers for the Companys Global Consumer business internationally are located in the United Kingdom, France, Germany, Austria and Australia.

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