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

$55.78

-1.88 (-3.26%)

(As of 02/9/2024 08:57 PM ET)

Scotts Miracle-Gro Consensus Analyst Rating 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.

Analysts' Consensus Rating

Moderate Buy
Based on 7 Analyst Ratings

Analysts' Consensus Price Target

$67.86
21.65% Upside

High Forecast	$80.00
Average Forecast	$67.86
Low Forecast	$55.00

Type	Current Forecast 2/12/23 to 2/12/24	1 Month Ago 1/13/23 to 1/13/24	3 Months Ago 11/14/22 to 11/14/23	1 Year Ago 2/12/22 to 2/12/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)	1 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$67.86	$67.00	$67.00	$75.14
Predicted Upside	21.65% Upside	11.84% Upside	11.84% Upside	-1.95% Downside

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SMG Analyst Ratings 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.

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.

Scotts Miracle-Gro Stock vs. The Competition

Type	Scotts Miracle-Gro	Basic Materials Companies	S&P 500
Consensus Rating Score	2.71	2.58	2.48
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	21.65% Upside	485.83% Upside	8.84% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
2/5/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold ➝ Hold	$49.00 ➝ $55.00	+2.75%
9/5/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$70.00 ➝ $60.00	+9.03%
8/4/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$75.00 ➝ $65.00	+14.44%
8/3/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$80.00 ➝ $75.00	+29.94%
8/3/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Strong-Buy ➝ Strong-Buy	$86.00 ➝ $70.00	+21.28%
5/8/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Overweight	$80.00	+20.41%
5/5/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	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 Monday at 07:06 AM ET.

SMG Price Target - Frequently Asked Questions

What is Scotts Miracle-Gro's consensus rating and price target?: According to the issued ratings of 7 analysts in the last year, the consensus rating for Scotts Miracle-Gro stock is Moderate Buy based on the current 3 hold ratings, 3 buy ratings and 1 strong buy rating for SMG. The average twelve-month price prediction for Scotts Miracle-Gro is $67.86 with a high price target of $80.00 and a low price target of $55.00. 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 more than other Basic Materials companies. The consensus rating score for Scotts Miracle-Gro is 2.71 while the average consensus rating score for basic materials companies is 2.58. Learn more on how SMG compares to other companies.
Does Scotts Miracle-Gro's stock price have much upside?: According to analysts, Scotts Miracle-Gro's stock has a predicted upside of 10.93% based on their 12-month stock forecasts.

What analysts cover Scotts Miracle-Gro?: Scotts Miracle-Gro has been rated by Stifel Nicolaus in the past 90 days.

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This page (NYSE:SMG) was last updated on 2/12/2024 by MarketBeat.com Staff

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

Scotts Miracle-Gro Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

SMG Analyst Ratings By Month

SMG Price Targets by Month

Scotts Miracle-Gro Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

SMG Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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