SunTrust Banks, Inc. Reiterates Hold Rating for Scotts Miracle-Gro Company (The) (SMG)

Scotts Miracle-Gro Company (The) (NYSE:SMG)‘s stock had its “hold” rating reaffirmed by analysts at SunTrust Banks, Inc. in a report released 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 points to a potential downside of 3.11% from the stock’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.

SMG has been the topic of several other reports. Zacks Investment Research lowered Scotts Miracle-Gro Company (The) from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Bank of America Corporation raised their target price on Scotts Miracle-Gro Company (The) from $107.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. BidaskClub upgraded Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. KeyCorp restated a “hold” rating on shares of Scotts Miracle-Gro Company (The) in a report on Monday, August 28th. Finally, J P Morgan Chase & Co lowered Scotts Miracle-Gro Company (The) from an “overweight” rating to a “neutral” rating and set a $99.00 price objective on the stock. in a research note on Wednesday, November 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $101.33.

Shares of Scotts Miracle-Gro Company (SMG) opened at $98.05 on Friday. The company has a current ratio of 1.62, a quick ratio of 0.87 and a debt-to-equity ratio of 1.90. Scotts Miracle-Gro Company has a 1-year low of $81.48 and a 1-year high of $102.50. The stock has a market capitalization of $5,711.45, a price-to-earnings ratio of 23.34, a P/E/G ratio of 2.31 and a beta of 0.37.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last announced its quarterly earnings data on Tuesday, November 7th. The basic materials company reported ($0.26) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.04. Scotts Miracle-Gro Company (The) had a return on equity of 37.81% and a net margin of 7.51%. The business had revenue of $376.70 million during the quarter, compared to analyst estimates of $368.50 million. During the same period last year, the company earned ($0.30) earnings per share. Scotts Miracle-Gro Company (The)’s quarterly revenue was up 8.0% compared to the same quarter last year. analysts predict 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, EVP Ivan C. Smith sold 6,587 shares of Scotts Miracle-Gro Company (The) stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $97.74, for a total transaction of $643,813.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Hagedorn Partnership, L.P. sold 32,000 shares of Scotts Miracle-Gro Company (The) stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $94.37, for a total value of $3,019,840.00. Following the sale, the insider now directly owns 15,759,274 shares in the company, valued at $1,487,202,687.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 76,813 shares of company stock worth $7,305,119. 28.16% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the company. Almanack Investment Partners LLC. bought a new position in shares of Scotts Miracle-Gro Company (The) in the second quarter valued at approximately $132,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Scotts Miracle-Gro Company (The) by 7.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,664 shares of the basic materials company’s stock valued at $149,000 after acquiring an additional 116 shares during the last quarter. Delta Asset Management LLC TN raised its stake in shares of Scotts Miracle-Gro Company (The) 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. Creative Planning raised its stake in shares of Scotts Miracle-Gro Company (The) by 44.5% in the second quarter. Creative Planning now owns 2,097 shares of the basic materials company’s stock valued at $188,000 after acquiring an additional 646 shares during the last quarter. Finally, Maple Capital Management Inc. bought a new position in shares of Scotts Miracle-Gro Company (The) in the second quarter valued at approximately $207,000. 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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