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Scotts Miracle-Gro (SMG) Stock Forecast & Price Target

$69.06
+0.87 (+1.28%)
(As of 05:29 PM ET)

Scotts Miracle-Gro - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 6 Analyst Ratings

Consensus Price Target

$73.00
5.71% Upside
High Forecast$85.00
Average Forecast$73.00
Low Forecast$60.00
TypeCurrent Forecast
5/21/23 to 5/20/24
1 Month Ago
4/21/23 to 4/20/24
3 Months Ago
2/20/23 to 2/20/24
1 Year Ago
5/21/22 to 5/21/23
Consensus Rating
Hold
Hold
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
2 Buy rating(s)
1 Buy rating(s)
2 Buy rating(s)
3 Buy rating(s)
Hold
4 Hold rating(s)
4 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$73.00$70.00$67.86$76.29
Forecasted Upside5.71% Upside7.12% Upside13.98% Upside9.58% Upside

SMG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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SMG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Scotts Miracle-Gro Stock vs. The Competition

TypeScotts Miracle-GroBasic Materials CompaniesS&P 500
Consensus Rating Score
2.33
2.58
2.49
Consensus RatingHoldModerate BuyHold
Predicted Upside7.05% Upside430.62% Upside7.85% Upside
News Sentiment RatingPositive News
Neutral News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/2/2024Wells Fargo & Company
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 Lower TargetOverweight ➝ Overweight$85.00 ➝ $83.00+23.95%
4/5/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$70.00 ➝ $85.00+14.74%
4/5/2024Truist Financial
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 DowngradeBuy ➝ Hold$65.00 ➝ $75.00+1.24%
3/25/2024Raymond James
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 Reiterated RatingStrong-Buy ➝ Market Perform
3/4/2024Stifel Nicolaus
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 Boost TargetHold ➝ Hold$55.00 ➝ $65.00-2.33%
9/5/2023Barclays
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 Lower TargetEqual Weight ➝ Equal Weight$70.00 ➝ $60.00+9.03%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 06:08 PM ET.

SMG Frequently Asked Questions

What is Scotts Miracle-Gro's stock forecast and purchase recommendation?

According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Scotts Miracle-Gro is $73.00, with a high forecast of $85.00 and a low forecast of $60.00. The consensus rating for Scotts Miracle-Gro stock is Hold based on the current 4 hold ratings and 2 buy ratings for SMG. Learn more on SMG's analyst rating history.

Do Wall Street analysts like Scotts Miracle-Gro more than its competitors?

Analysts like Scotts Miracle-Gro less than other "basic materials" companies. The consensus rating for Scotts Miracle-Gro is Hold while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how SMG compares to other companies.

Is Scotts Miracle-Gro being downgraded by Wall Street analysts?

Over the previous 90 days, Scotts Miracle-Gro's stock had 1 downgrade by analysts.

Does Scotts Miracle-Gro's stock price have much upside?

According to analysts, Scotts Miracle-Gro's stock has a predicted upside of 9.83% based on their 12-month stock forecasts.

What analysts cover Scotts Miracle-Gro?

Scotts Miracle-Gro has been rated by research analysts at JPMorgan Chase & Co., Raymond James, Stifel Nicolaus, Truist Financial, and Wells Fargo & Company in the past 90 days.


Stock Forecasts and Research Tools

This page (NYSE:SMG) was last updated on 5/20/2024 by MarketBeat.com Staff

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