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.

Investment analysts gave a few price targets for MLHR. The highest price target was 38, implying potential capital gains of 12.26 percent. The most pessimistic analyst gave a price target of 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. On the other hand, earnings estimates for the fiscal year have been revised upwards by 4.07 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 5.24 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their revisions. 3 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 3 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their estimates.

MLHR has an estimated earnings growth rate of 15.05 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies 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. The current market price is above the trailing year's low by 25.42 percent, and 7.16 percent below the high. 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.