What is Wall Street's Target Price for Scotts Miracle-Gro Co (SMG) Stock Friday?

Friday, October 22, 2021 03:15 PM | InvestorsObserver Analysts

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Wall Street is positive on Scotts Miracle-Gro Co (SMG). On average, analysts give the stock a Strong Buy rating. The average price target is $199.666, which means analysts expect the stock to add by 35.73% over the next twelve months. That average ranking earns the stock an Analyst Rating of 64, which is better than 64% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating SMG a Strong Buy today. Find out what this means to you and get the rest of the rankings on SMG!
See Full SMG Report

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions **before** a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Scotts Miracle-Gro Co Stock Today?

Scotts Miracle-Gro Co (SMG) stock is trading at $147.10 as of 3:10 PM on Friday, Oct 22, a drop of -$0.82, or -0.56% from the previous closing price of $147.93. The stock has traded between $147.00 and $149.12 so far today. Volume today is low. So far 131,265 shares have traded compared to average volume of 419,180 shares. Click Here to get the full Stock Report for Scotts Miracle-Gro Co stock.

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