Scotts Miracle-Gro Company (SMG) Receives a Hold from Raymond James

In a report released yesterday, Joseph Altobello from Raymond James maintained a Hold rating on Scotts Miracle-Gro Company (SMG). The company’s shares closed last Tuesday at $160.57, close to its 52-week high of $176.08.

According to, Altobello is a 5-star analyst with an average return of 9.1% and a 59.2% 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 Moderate Buy, with a price target consensus of $170.50, implying a 2.9% upside from current levels. In a report released yesterday, Berenberg Bank also reiterated a Hold rating on the stock with a $161.00 price target.

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Scotts Miracle-Gro Company’s market cap is currently $8.91B and has a P/E ratio of 28.10. The company has a Price to Book ratio of -39.30.

Based on the recent corporate insider activity of 111 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.

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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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