Scotts Miracle-Gro (SMG) Rating Reiterated by SunTrust Banks

Scotts Miracle-Gro (NYSE:SMG)‘s stock had its “hold” rating reissued by analysts at SunTrust Banks in a research report issued on Friday, November 10th. They presently have a $95.00 price target on the basic materials company’s stock. SunTrust Banks’ price objective points to a potential downside of 3.44% from the company’s current price. SunTrust Banks also issued estimates for Scotts Miracle-Gro’s Q1 2018 earnings at ($0.98) EPS, Q2 2018 earnings at $2.82 EPS, Q3 2018 earnings at $2.64 EPS, Q4 2018 earnings at ($0.33) EPS, FY2018 earnings at $4.21 EPS and FY2019 earnings at $4.63 EPS.

SMG has been the subject of several other reports. Zacks Investment Research cut shares of Scotts Miracle-Gro from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. KeyCorp reiterated a “hold” rating on shares of Scotts Miracle-Gro in a report on Monday, August 28th. BidaskClub cut shares of Scotts Miracle-Gro from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Bank of America raised their target price on shares of Scotts Miracle-Gro from $107.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Finally, J P Morgan Chase & Co cut shares of Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and set a $99.00 price target for the company. in a report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $101.33.

Shares of Scotts Miracle-Gro (SMG) traded down $0.06 on Friday, hitting $98.38. 367,900 shares of the company’s stock traded hands, compared to its average volume of 421,069. Scotts Miracle-Gro has a one year low of $81.48 and a one year high of $102.50. The firm has a market capitalization of $5,710.87, a PE ratio of 23.33, a price-to-earnings-growth ratio of 2.31 and a beta of 0.37. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.87 and a current ratio of 1.62.

Scotts Miracle-Gro (NYSE:SMG) last announced its earnings results on Tuesday, November 7th. The basic materials company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.04. Scotts Miracle-Gro had a net margin of 7.51% and a return on equity of 37.81%. The company had revenue of $376.70 million during the quarter, compared to analysts’ expectations of $368.50 million. During the same period last year, the company posted ($0.30) earnings per share. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. sell-side analysts forecast that Scotts Miracle-Gro will post 4.3 EPS for the current year.

In other Scotts Miracle-Gro news, major shareholder Paul Hagedorn sold 16,000 shares of Scotts Miracle-Gro stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $94.30, for a total value of $1,508,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thomas Randal Coleman sold 1,226 shares of Scotts Miracle-Gro stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $99.67, for a total transaction of $122,195.42. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,813 shares of company stock valued at $2,775,359. 28.16% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. World Asset Management Inc lifted its stake in Scotts Miracle-Gro by 0.5% in the second quarter. World Asset Management Inc now owns 3,135 shares of the basic materials company’s stock valued at $280,000 after acquiring an additional 17 shares during the last quarter. US Bancorp DE lifted its stake in Scotts Miracle-Gro by 0.3% in the second quarter. US Bancorp DE now owns 15,101 shares of the basic materials company’s stock valued at $1,351,000 after acquiring an additional 49 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in Scotts Miracle-Gro by 1.6% in the second quarter. Teacher Retirement System of Texas now owns 3,590 shares of the basic materials company’s stock valued at $321,000 after acquiring an additional 57 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in Scotts Miracle-Gro by 0.5% in the second quarter. Ameritas Investment Partners Inc. now owns 13,733 shares of the basic materials company’s stock valued at $1,228,000 after acquiring an additional 67 shares during the last quarter. Finally, Delta Asset Management LLC TN lifted its stake in Scotts Miracle-Gro by 3.8% in the second quarter. Delta Asset Management LLC TN now owns 2,025 shares of the basic materials company’s stock valued at $181,000 after acquiring an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 68.10% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Scotts Miracle-Gro (SMG) Rating Reiterated by SunTrust Banks” was originally posted by BBNS and is the sole property of of BBNS. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international copyright law. The original version of this piece of content can be viewed at https://baseballnewssource.com/markets/scotts-miracle-gro-company-the-smg-receives-hold-rating-from-suntrust-banks-inc/1773773.html.

Scotts Miracle-Gro Company Profile

The Scotts Miracle-Gro Company (Scotts Miracle-Gro) is a manufacturer and marketer of branded consumer lawn and garden products. The Company’s segments include Global Consumer. In North America, its brands include Scotts and Turf Builder lawn and grass seed products; Miracle-Gro, Nature’s Care, Scotts, LiquaFeed and Osmocote gardening and landscape products; and Ortho, Roundup, Home Defense and Tomcat branded insect control, weed control and rodent control products.

Receive News & Ratings for Scotts Miracle-Gro Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scotts Miracle-Gro Company (The) and related companies with our FREE daily email newsletter.

 


Latest News

Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan
Shohei Ohtani Has Turned Down Red Sox and Yankees
Shohei Ohtani Has Turned Down Red Sox and Yankees


Leave a Reply

 
© 2006-2017 BBNS.