Scotts Miracle-Gro Company Receives a Sell from Merrill Lynch

By Austin Angelo

In a report released today, Christopher Carey from Merrill Lynch reiterated a Sell rating on Scotts Miracle-Gro Company (NYSE: SMG), with a price target of $80. The company’s shares closed yesterday at $86.81.

According to TipRanks.com, Carey is ranked #4084 out of 4829 analysts.

Currently, the analyst consensus on Scotts Miracle-Gro Company is Moderate Sell and the average price target is $88.33, representing a 1.8% upside.

In a report issued on June 1, J.P. Morgan also downgraded the stock to Sell with a $85 price target.

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The company has a one-year high of $110.12 and a one-year low of $76.60. Currently, Scotts Miracle-Gro Company has an average volume of 687.3K.

Based on the recent corporate insider activity of 102 insiders, corporate insider sentiment is negative on the stock.

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Scotts Miracle-Gro Co. engages in the manufacturing, marketing, and sale of consumer branded products for lawn and garden care. It operates through the following segments: U.S. Consumer, Hawthorne, and Other. The U.S. Consumer segment offers consumer lawn and garden business in the United States.