Scotts Miracle-Gro Co. Sets New 1-Year High at $56.04 (SMG)
Scotts Miracle-Gro (NYSE:SMG) set a new 52-week high during trading on Friday, AnalystRatings.Net reports. The stock traded as high as $56.04 and last traded at $55.93, with a volume of 154,868 shares. The stock had previously closed at $55.54.
A number of analysts have recently weighed in on SMG shares. Analysts at Zacks upgraded shares of Scotts Miracle-Gro (NYSE:SMG) from a “neutral” rating to an “outperform” rating in a research note to investors on Friday. They now have a $58.70 price target on the stock. Separately, analysts at Janney Montgomery Scott initiated coverage on shares of Scotts Miracle-Gro (NYSE:SMG) in a research note to investors on Wednesday, September 18th. They set a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Scotts Miracle-Gro currently has a consensus rating of “Hold” and an average target price of $49.54.
Scotts Miracle-Gro has a 52-week low of $39.64 and a 52-week high of $56.05. The stock has a 50-day moving average of $54.56 and a 200-day moving average of $49.40. The company has a market cap of $3.455 billion and a P/E ratio of 24.75.
Scotts Miracle-Gro (NYSE:SMG) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.03. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company posted $1.60 earnings per share. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. Analysts expect that Scotts Miracle-Gro will post $2.61 EPS for the current fiscal year.
The Scotts Miracle-Gro Company, (NYSE:SMG) is a manufacturer and marketer of branded consumer lawn and gardens products.
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