Berenberg Bank Sticks to Their Hold Rating for Scotts Miracle-Gro Company

Berenberg Bank analyst Alex Maroccia maintained a Hold rating on Scotts Miracle-Gro Company (NYSE:SMG) on Friday, setting a price target of $119, which is approximately 14.89% below the present share price of $139.82.

Maroccia expects Scotts Miracle-Gro Company to post earnings per share (EPS) of $4.53 for the second quarter of 2020.

The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Scotts Miracle-Gro Company, with an average price target of $130.25.
The analysts price targets range from a high of $152 to a low of $115.

In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $1.38 billion and a net profit of $354 million. The company's market cap is $7.65 billion.

According to TipRanks.com, Berenberg Bank analyst Alex Maroccia is a 4-star analyst with an average return of 6.6% and a 54.1% success rate.

Scotts Miracle-Gro Co. engages in the manufacture, marketing, and distribution of systems and accessories for hydroponic gardening. It operates through the following segments: U.S. Consumer, Hawthorne, and Other. The U.S. Consumer segment consists of consumer lawn and garden business. The Hawthorn segment includes indoor, urban, and hydroponic gardening business. The Other segment refers to the consumer lawn and garden business in geographies other than the U.S. and product sales to commercial nurseries, greenhouses, and other professional customers. The company was founded by Orlando McLean Scott in 1868 and is headquartered in Marysville, OH.