Raymond James analyst Joseph Altobello maintained a Hold rating on Scotts Miracle-Gro Company (SMG) today. The company’s shares closed last Wednesday at $162.90, close to its 52-week high of $176.08.
According to TipRanks.com, Altobello is a 5-star analyst with an average return of 9.6% and a 61.9% success rate. Altobello covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, MasterCraft Boat Holdings, and Harley-Davidson.
Scotts Miracle-Gro Company has an analyst consensus of Hold, with a price target consensus of $161.00, a 5.2% upside from current levels. In a report released today, Berenberg Bank also maintained a Hold rating on the stock with a $161.00 price target.
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The company has a one-year high of $176.08 and a one-year low of $76.50. Currently, Scotts Miracle-Gro Company has an average volume of 346.4K.
Based on the recent corporate insider activity of 104 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.
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.