Scotts Miracle-Gro Stock Rating Upgraded by BMO Capital Markets (SMG)
Scotts Miracle-Gro (NYSE:SMG) was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $67.00 price objective on the stock, up from their previous price objective of $60.00. BMO Capital Markets’ target price would indicate a potential upside of 13.14% from the stock’s previous close.
Shares of Scotts Miracle-Gro (NYSE:SMG) traded up 3.16% during mid-day trading on Thursday, hitting $61.09. 101,108 shares of the company’s stock traded hands. Scotts Miracle-Gro has a one year low of $43.69 and a one year high of $63.96. The stock has a 50-day moving average of $59.9 and a 200-day moving average of $59.20. The company has a market cap of $3.791 billion and a price-to-earnings ratio of 22.79.
Scotts Miracle-Gro (NYSE:SMG) last released its earnings data on Thursday, February 6th. The company reported ($1.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.09) by $0.04. The company had revenue of $196.40 million for the quarter, compared to the consensus estimate of $211.58 million. During the same quarter in the previous year, the company posted ($1.12) earnings per share. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. Analysts expect that Scotts Miracle-Gro will post $3.20 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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