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.

A number of analysts gave price targets for MLHR. The maximum price target given was 38, which equates to a potential upside of 12.26 percent. The minimum price target given was 38, which equates to a potential downside 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.

Analysts have revised their earnings estimates upwards for this quarter, by about 4.67 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is 0.89 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 4.07 percent, as compared to a month ago. 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. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. MLHR has a PEG ratio of 1.1.

In the trailing 52-weeks, MLHR hit 36.46 at the highest peak, while it's lowest trading point was 26.99. Today's price is 25.42 percent above the 52-week low, 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 market cap of MLHR is $1.99 billion. MLHR is estimated to release their earnings results for the quarter on 0000-00-00, days from today.