Scotts Miracle-Gro Company (The) (NYSE:SMG) Given Price Target Of $76.333


As per Scotts Miracle-Gro Company (The) (NYSE:SMG)’s news release on 2016-05-02, its shareholders will get cash dividend of $0.47 per share. The recent press release updated on the record date and payout date, which stands at 2016-05-27 and 2016-06-10, respectively.

The stock of Scotts Miracle-Gro Company (The) (NYSE:SMG) will commence trading ex-dividend from 2016-05-25, until which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Scotts Miracle-Gro Company (The) (NYSE:SMG) disbursed $1.88 in dividend compared to distribution of $3.763, a year ago. It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of -51.6279%.

The past track record of five years substantiates that the average payout of Scotts Miracle-Gro Company (The) (NYSE:SMG) stands at $1.919, implying 23.8335% growth. The company recorded earnings of $2.68 a share in the preceding fiscal.

The interim price target for Scotts Miracle-Gro Company (The) (NYSE:SMG) is set at $76.333. This level is the mean price reached by averaging the stock views of 3 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate is seen at $85 and the lowest level is established at 70. This broad range highlights a standard deviation of $7.767 in reported estimates.

AlphaOne has allotted A sentiment score of 0.575 to Scotts Miracle-Gro Company (The) (NYSE:SMG) while impact score assigned is 0 as on as on 2016-07-14.

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