Scotts Miracle-Gro Company (The) (SMG) Stock Rating Reaffirmed by SunTrust Banks, Inc.

Scotts Miracle-Gro Company (The) (NYSE:SMG)‘s stock had its “hold” rating reissued by equities researchers at SunTrust Banks, Inc. in a research report issued to clients and investors on Friday, November 10th. They presently have a $95.00 price target on the basic materials company’s stock. SunTrust Banks, Inc.’s price target would indicate a potential downside of 2.12% from the company’s current price. SunTrust Banks also issued estimates for Scotts Miracle-Gro Company (The)’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.

Several other research analysts have also weighed in on the stock. BidaskClub lowered shares of Scotts Miracle-Gro Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. J P Morgan Chase & Co downgraded shares of Scotts Miracle-Gro Company (The) from an “overweight” rating to a “neutral” rating and set a $99.00 price target on the stock. in a research report on Wednesday, November 8th. Zacks Investment Research downgraded shares of Scotts Miracle-Gro Company (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. KeyCorp reiterated a “hold” rating on shares of Scotts Miracle-Gro Company (The) in a research report on Monday, August 28th. Finally, Bank of America Corporation lifted their price objective on shares of Scotts Miracle-Gro Company (The) from $107.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $101.33.

Scotts Miracle-Gro Company (NYSE:SMG) opened at $97.06 on Friday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.87 and a current ratio of 1.62. The firm has a market cap of $5,743.00, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 2.33 and a beta of 0.37. Scotts Miracle-Gro Company has a one year low of $81.48 and a one year high of $102.50.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last released its quarterly earnings data on Tuesday, November 7th. The basic materials company reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.30) by $0.04. The company had revenue of $376.70 million during the quarter, compared to analyst estimates of $368.50 million. Scotts Miracle-Gro Company (The) had a net margin of 7.51% and a return on equity of 37.81%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.30) earnings per share. equities analysts expect that Scotts Miracle-Gro Company will post 4.3 EPS for the current year.

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In other Scotts Miracle-Gro Company (The) news, major shareholder Paul Hagedorn sold 16,000 shares of the business’s stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Ivan C. Smith sold 6,587 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $97.74, for a total transaction of $643,813.38. The disclosure for this sale can be found here. Insiders have sold 76,813 shares of company stock worth $7,305,119 in the last ninety days. 28.16% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the business. Assenagon Asset Management S.A. bought a new position in Scotts Miracle-Gro Company (The) during the 3rd quarter worth $487,000. Cadence Capital Management LLC lifted its stake in Scotts Miracle-Gro Company (The) by 5.9% in the second quarter. Cadence Capital Management LLC now owns 5,511 shares of the basic materials company’s stock valued at $493,000 after buying an additional 308 shares during the period. Vanguard Group Inc. lifted its stake in Scotts Miracle-Gro Company (The) by 1.0% in the second quarter. Vanguard Group Inc. now owns 3,882,566 shares of the basic materials company’s stock valued at $347,335,000 after buying an additional 39,851 shares during the period. Eagle Asset Management Inc. lifted its stake in Scotts Miracle-Gro Company (The) by 44.5% in the second quarter. Eagle Asset Management Inc. now owns 327,304 shares of the basic materials company’s stock valued at $29,280,000 after buying an additional 100,743 shares during the period. Finally, Arizona State Retirement System lifted its stake in Scotts Miracle-Gro Company (The) by 1.1% in the second quarter. Arizona State Retirement System now owns 18,600 shares of the basic materials company’s stock valued at $1,664,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 69.04% of the company’s stock.

About Scotts Miracle-Gro Company (The)

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.

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