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

$83.36
-3.19 (-3.69%)
(As of 10/4/2024 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

Sell
0
Hold
3
Buy
2

Based on 5 Wall Street analysts who have issued ratings for Scotts Miracle-Gro in the last 12 months, the stock has a consensus rating of "Hold." Out of the 5 analysts, 3 have given a hold rating, and 2 have given a buy rating for SMG.

Consensus Price Target

$80.00
-4.03% Downside
According to the 5 analysts' twelve-month price targets for Scotts Miracle-Gro, the average price target is $80.00. The highest price target for SMG is $85.00, while the lowest price target for SMG is $75.00. The average price target represents a forecasted downside of -4.03% from the current price of $83.36.
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SMG Analyst Ratings Over Time

TypeCurrent Forecast
10/7/23 to 10/6/24
1 Month Ago
9/7/23 to 9/6/24
3 Months Ago
7/9/23 to 7/8/24
1 Year Ago
10/7/22 to 10/7/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
2 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
3 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
4 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$80.00$80.00$73.00$67.86
Forecasted Upside-4.03% Downside17.96% Upside17.34% Upside44.10% Upside
Consensus Rating
Hold
Hold
Hold
Moderate Buy

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.
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Scotts Miracle-Gro Stock vs. The Competition

TypeScotts Miracle-GroBasic Materials CompaniesS&P 500
Consensus Rating Score
2.40
2.74
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside-4.03% Downside132.96% Upside7.05% Upside
News Sentiment Rating
Positive News

See Recent SMG News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
8/2/2024Stifel Nicolaus
4 of 5 stars
 Boost TargetHold ➝ Hold$70.00 ➝ $75.00+3.91%
8/1/2024Wells Fargo & Company
3 of 5 stars
 Boost TargetOverweight ➝ Overweight$75.00 ➝ $85.00+8.16%
4/5/2024JPMorgan Chase & Co.
3 of 5 stars
 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
9/5/2023Barclays
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 Lower TargetEqual Weight ➝ Equal Weight$70.00 ➝ $60.00+9.03%
5/5/2023UBS Group
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 Lower Target$80.00 ➝ $70.00+8.02%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 09:34 PM ET.


SMG Forecast - Frequently Asked Questions

According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for Scotts Miracle-Gro is $80.00, with a high forecast of $85.00 and a low forecast of $75.00.

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Scotts Miracle-Gro in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SMG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SMG, but not buy additional shares or sell existing shares.

According to analysts, Scotts Miracle-Gro's stock has a predicted downside of -4.03% based on their 12-month stock forecasts.

Scotts Miracle-Gro has been rated by research analysts at Stifel Nicolaus, and Wells Fargo & Company in the past 90 days.

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.


This page (NYSE:SMG) was last updated on 10/6/2024 by MarketBeat.com Staff
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