Scotts Miracle-Gro (NYSE: SMG) was upgraded by equities research analysts at BMO Capital Markets from an “underperform” rating to a “market perform” rating in a research note issued to investors on Wednesday. The firm currently has a $42.00 price target on the stock.
Shares of Scotts Miracle-Gro traded up 2.80% during mid-day trading on Wednesday, hitting $47.3713. Scotts Miracle-Gro has a 52 week low of $39.99 and a 52 week high of $60.00. The company has a market cap of $2.885 billion and a P/E ratio of 26.20.
Scotts Miracle-Gro last announced its earnings results on Tuesday, May 8th. The company reported $2.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.06 by $0.09. The company’s quarterly revenue was up 3.9% on a year-over-year basis. On average, analysts predict that Scotts Miracle-Gro will post $-0.41 earnings per share next quarter.
The Scotts Miracle-Gro Company, (Scotts Miracle-Gro), along with its subsidiaries, is engaged in the manufacturing, marketing and sale of lawn and garden care products, with products for professional horticulture as well.