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.

MLHR was given price targets by several analysts. The maximum price target given was 38, which equates to a potential upside of 12.26 percent. The most pessimistic price target was 38, implying a possible loss of 12.26 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 4.67 percent. 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. 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 have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 0 analysts that decreased their estimates. 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.

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. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. 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 last 52-weeks, MLHR has achieved a high of 36.46 and a low of 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 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 will post this quarters earnings in days, on 0000-00-00.