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.

Several price targets were given for MLHR by the analysts covering the stock. The highest price target was 38, implying a possible profit of 12.26 percent. The lowest price target was 38, implying potential capital losses of 12.26 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

Analysts have revised their earnings estimates upwards for this quarter, by about 4.67 percent on average, compared to last month. That number becomes 0.89 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 4.07 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 5.24 percent.

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, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 3 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.

The growth rate of MLHR's earnings is estimated by analysts to be 15.05 percent. The PEG ratio of a stock is another value frequently studied by investors. 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. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. MLHR has a PEG ratio of 1.1.

In the last 52-weeks, MLHR has achieved a high of 36.46 and a low of 26.99. The current market price is above the trailing year's low by 25.42 percent, and 7.16 percent lower than its 52-week high. MLHR has a price/earnings 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's next earnings release will be on 0000-00-00, which is days away.