Key Highlights:
- The Scotts Miracle-Gro Company (SMG, Financial) stock surged over 10% following reaffirmation of its fiscal year 2025 outlook.
- Analysts project an average one-year price target of $67.50, indicating modest upside potential.
- Current brokerage consensus rates SMG as "Outperform" with a recommendation score of 2.0.
The Scotts Miracle-Gro Company has captured the attention of investors with its recent announcement, projecting a promising fiscal year 2025. This has resulted in the stock rising more than 10% on Thursday. The company envisions single-digit growth for U.S. consumer net sales, excluding specific categories, and anticipates a non-GAAP adjusted earnings per share of at least $3.50, exceeding market expectations.
Wall Street Analysts Forecast
The Scotts Miracle-Gro Co (SMG, Financial) is currently in the spotlight, with six analysts providing one-year price targets. The average target is set at $67.50, with projections ranging from a low of $54.00 to a high of $82.00. This average target suggests an upside potential of 4.34% from the current stock price of $64.69. For more comprehensive estimates, visit The Scotts Miracle Gro Co (SMG) Forecast page.
The company is receiving positive sentiment from brokerages, with a consensus recommendation score of 2.0, indicating an "Outperform" status. The rating scale spans from 1 to 5, with 1 representing a Strong Buy and 5 a Sell.
Furthermore, according to GuruFocus' GF Value analysis, the estimated value for The Scotts Miracle Gro Co (SMG, Financial) in a year is $59.59, implying a potential downside of 7.88% from its current price of $64.69. The GF Value, a proprietary metric of GuruFocus, determines the fair trading value of a stock based on historical trading multiples, past business growth, and future business performance predictions. Detailed insight is available on the The Scotts Miracle Gro Co (SMG) Summary page.
