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Scotts Miracle-Gro Company (SMG) Receives a Buy from Wells Fargo

Tipranks - Wed Jan 14, 5:52AM CST

In a report released today, Christopher Carey from Wells Fargo maintained a Buy rating on Scotts Miracle-Gro Company, with a price target of $67.00.

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According to TipRanks, Carey is a 2-star analyst with an average return of 0.6% and a 46.92% success rate. Carey covers the Consumer Defensive sector, focusing on stocks such as General Mills, Church & Dwight, and Kimberly Clark.

Currently, the analyst consensus on Scotts Miracle-Gro Company is a Strong Buy with an average price target of $64.68.

Based on Scotts Miracle-Gro Company’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $387.4 million and a GAAP net loss of $151.8 million. In comparison, last year the company earned a revenue of $414.7 million and had a GAAP net loss of $244 million

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