Raymond James Remains a Hold on Scotts Miracle-Gro Company (SMG)


In a report issued on July 29, Joseph Altobello from Raymond James maintained a Hold rating on Scotts Miracle-Gro Company (SMG). The company’s shares closed last Wednesday at $156.92, close to its 52-week high of $167.46.

According to TipRanks.com, Altobello is a 5-star analyst with an average return of 11.6% and a 63.7% success rate. Altobello covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, MasterCraft Boat Holdings, and Harley-Davidson.

Currently, the analyst consensus on Scotts Miracle-Gro Company is a Moderate Buy with an average price target of $158.00, implying a -0.3% downside from current levels. In a report issued on July 29, Berenberg Bank also maintained a Hold rating on the stock with a $136.00 price target.

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Scotts Miracle-Gro Company’s market cap is currently $8.71B and has a P/E ratio of 27.80. The company has a Price to Book ratio of -39.59.

Based on the recent corporate insider activity of 126 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SMG in relation to earlier this year. Most recently, in May 2020, James Hagedorn, the Chairman & CEO of SMG sold 37,751 shares for a total of $5,223,934.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Scotts Miracle-Gro Co. engages in the manufacture, marketing, and distribution of systems and accessories for hydroponic gardening. It operates through the following segments: U.S. Consumer, Hawthorne, and Other. The U.S. Consumer segment consists of consumer lawn and garden business. The Hawthorn segment includes indoor, urban, and hydroponic gardening business. The Other segment refers to the consumer lawn and garden business in geographies other than the U.S. and product sales to commercial nurseries, greenhouses, and other professional customers. The company was founded by Orlando McLean Scott in 1868 and is headquartered in Marysville, OH.

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