#6 - Scotts Miracle-Gro (NYSE:SMG)
Unlike many of the stocks on this list, Scotts Miracle-Gro (NYSE:SMG) is down for the year. In fact, it’s down 40% as of this writing. Part of the reason for this is that Scotts is a peripheral player in the cannabis trade and that market continues to struggle.
But that’s the glass-half-empty view. On the glass-half-full side, the company’s core business should be an attractive catalyst for revenue and earnings. And if that narrative plays out, investors may begin to take a closer look at a stock that is looking oversold. That seems to be the case with institutional investors who have been buying SMG stock in the last two quarters.
Scotts has an attractive valuation and is projecting solid earnings and revenue growth over the next five years. That may be why analysts suggest that SMG stock has a 74% upside. The company has also increased its dividend in each of the last 13 years.
About Scotts Miracle-Gro
The Scotts Miracle-Gro Company, together with its subsidiaries, manufactures, markets, and sells products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. It operates through three segments: U.S. Consumer, Hawthorne, and Other. The company provides lawn care products, comprising lawn fertilizers, grass seed products, spreaders, and other durable products, as well as lawn-related weed, pest, and disease control products; and gardening and landscape products, which include water-soluble and continuous-release plant foods, potting mixes, garden soils, mulches and ground cover products, plant-related pest and disease control products, organic garden products, and live goods and seeding solutions.
Read More - Current Price
- $68.52
- Consensus Rating
- Hold
- Ratings Breakdown
- 2 Buy Ratings, 5 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $77.50 (13.1% Upside)
