Analyst Ratings for Herman Miller Inc. (MLHR)

Updated: 2017-07-28

Shares of Herman Miller Inc. (NASDAQ:MLHR) have received a consensus rating of Overweight from Wall Street analysts. About 30 days ago, MLHR was issued an average rating of Overweight.

4 analysts issued ratings on the stock, where 1 gave MLHR a buy rating, 0 issued an overweight rating, 3 gave a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

Many analysts weighed in on price targets for MLHR. The most optimistic analyst gave a price target of 38, which equates to a potential upside of 12.26 percent. The lowest price target was 38, implying a possible loss of 12.26 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 4.67 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 0.89 percent. Meanwhile, fiscal year estimates have been revised upwards by 4.07 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 5.24 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 3 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. During this time, 3 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts made negative revisions to their fiscal year's estimates.

Analysts estimate earnings of MLHR to grow at a rate of 15.05 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of MLHR is 1.1.

MLHR has a 52-week high of 36.46 and a 52-week low of 26.99. The current market price is above the trailing year's low by 25.42 percent, and below the high by 7.16 percent. MLHR has a P/E ratio of 16.51. Investors typically compare the P/E ratio to a company's peers in the industry. The MLHR value stock report compares MLHR to some of its peers using value stock charts. The stock has a market capitalization of $1.99 billion. MLHR will post this quarters earnings in days, on 0000-00-00.