THE SCOTTS MIRACLE-G

SMG
Delayed Quote. Delayed  - 01/15 04:10:00 pm
220.89USD -1.37%

The Scotts Miracle-Gro Company : Good timing to anticipate a continuation of the trend

David Meurisse
Contributor / Partner

Strategy published on : 07/31/2020 | 10:37

long trade on a pullback
Target price hit

Entry price : 151$
Target : 177$
Stop-loss : 139$
Cancellation Level : 170$
Potential : 17.22%

The timing appears opportune to go long in shares of The Scotts Miracle-Gro Company as we anticipate another pick-up in the underlying trend.
Investors should buy the stock at current prices near $ 151 in order to target the $ 177.

Summary

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● Considering the small differences between the analysts' various estimates, the group's business visibility is good.

● Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 117.78 USD


Weaknesses

● The stock is close to a major daily resistance at USD 162.52, which should be gotten rid of so as to gain new appreciation potential.

● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.

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