In a report released today, Jeffrey Zekauskas from J.P. Morgan maintained a Sell rating on Scotts Miracle-Gro Company (NYSE: SMG), with a price target of $70. The company’s shares closed yesterday at $74.49, close to its 52-week low of $72.67.
According to TipRanks.com, Zekauskas is a 4-star analyst with an average return of 5.8% and a 69.1% success rate. Zekauskas covers the Consumer Goods sector, focusing on stocks such as Air Products and Chemicals, Westlake Chemical Corp, and Axalta Coating Systems.
Scotts Miracle-Gro Company has an analyst consensus of Hold, with a price target consensus of $81.33, a 9.2% upside from current levels. In a report issued on August 13, Merrill Lynch also reiterated a Sell rating on the stock with a $74 price target.
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Based on Scotts Miracle-Gro Company’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $82.1 million. In comparison, last year the company earned revenue of $1.08 billion and had a net profit of $152 million.
Based on the recent corporate insider activity of 108 insiders, corporate insider sentiment is negative on the stock.
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Scotts Miracle-Gro Co. engages in the manufacturing, marketing, and sale of consumer branded products for lawn and garden care. It operates through the following segments: U.S. Consumer, Hawthorne, and Other. The U.S. Consumer segment offers consumer lawn and garden business in the United States.
