The Scotts Miracle-Gro Company (SMG)
NYSE: SMG · IEX Real-Time Price · USD
69.69
+2.75 (4.11%)
May 31, 2024, 4:00 PM EDT - Market closed
SMG Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for SMG stock have an average target of 73.6, with a low estimate of 60 and a high estimate of 85. The average target predicts an increase of 5.61% from the current stock price of 69.69.
Analyst Consensus: Hold
* Price targets were last updated on May 2, 2024.
Analyst Ratings
The average analyst rating for SMG stock from 6 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 1 | 0 | 0 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 3 | 3 | 3 | 4 | 5 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 7 | 7 | 7 | 7 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wells Fargo | Wells Fargo | Buy Maintains $85 → $83 | Buy | Maintains | $85 → $83 | +19.10% | May 2, 2024 |
| Truist Securities | Truist Securities | Strong Buy → Hold Downgrades $65 → $75 | Strong Buy → Hold | Downgrades | $65 → $75 | +7.62% | Apr 5, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $70 → $85 | Buy | Maintains | $70 → $85 | +21.97% | Apr 5, 2024 |
| Raymond James | Raymond James | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | Mar 25, 2024 |
| Stifel | Stifel | Hold Maintains $55 → $65 | Hold | Maintains | $55 → $65 | -6.73% | Mar 4, 2024 |
Financial Forecast
Revenue This Year
3.63B
from 3.55B
Increased by 2.22%
Revenue Next Year
3.70B
from 3.63B
Increased by 2.01%
EPS This Year
2.70
from -6.79
EPS Next Year
3.96
from 2.70
Increased by 46.45%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.8B | 4.0B | 4.1B | 4.2B | 4.4B |
| Avg | 3.6B | 3.7B | 3.8B | 4.1B | 4.2B |
| Low | 3.4B | 3.5B | 3.6B | 4.0B | 4.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.3% | 9.1% | 11.0% | 10.7% | 6.6% |
| Avg | 2.2% | 2.0% | 3.6% | 6.5% | 2.5% |
| Low | -3.9% | -4.8% | -3.1% | 3.3% | -0.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.99 | 4.81 | 5.99 | 6.12 | 6.92 |
| Avg | 2.70 | 3.96 | 5.08 | 5.58 | 6.66 |
| Low | 2.44 | 2.97 | 4.36 | 5.12 | 6.46 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 77.8% | 51.1% | 20.4% | 24.0% |
| Avg | - | 46.5% | 28.3% | 9.8% | 19.3% |
| Low | - | 9.8% | 10.1% | 0.7% | 15.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.