Scotts Miracle-Gro Co. Hits New 52-Week High at $58.16 (SMG)
Shares of Scotts Miracle-Gro (NYSE:SMG) hit a new 52-week high on Tuesday, Analyst Ratings Net reports. The company traded as high as $58.16 and last traded at $58.07, with a volume of 200,884 shares trading hands. The stock had previously closed at $57.39.
A number of analysts have recently weighed in on SMG shares. Analysts at JPMorgan Chase & Co. upgraded shares of Scotts Miracle-Gro from a “neutral” rating to an “overweight” rating in a research note to investors on Thursday, October 17th. They now have a $65.00 price target on the stock, up previously from $54.00. Separately, analysts at Zacks upgraded shares of Scotts Miracle-Gro from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, October 4th. They now have a $58.70 price target on the stock. Finally, analysts at Janney Montgomery Scott initiated coverage on shares of Scotts Miracle-Gro in a research note to investors on Wednesday, September 18th. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $53.14.
In other Scotts Miracle-Gro news, EVP Denise Stump sold 17,279 shares of the company’s stock on the open market in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $57.05, for a total transaction of $985,766.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Scotts Miracle-Gro has a one year low of $39.64 and a one year high of $55.87. The stock’s 50-day moving average is $53.19 and its 200-day moving average is $48.35. The company has a market cap of $3.595 billion and a price-to-earnings ratio of 25.57.
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. On average, analysts predict that Scotts Miracle-Gro will post $2.61 earnings per share 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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