Herman Miller Rating Increased to Buy at BB&T Corp. (MLHR)
Herman Miller (NASDAQ:MLHR) was upgraded by research analysts at BB&T Corp. from a “hold” rating to a “buy” rating in a report released on Tuesday, TheFlyOnTheWall.com reports.
MLHR has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Herman Miller (NASDAQ:MLHR) from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, August 2nd. They now have a $31.00 price target on the stock. Separately, analysts at Ned Davis Research upgraded shares of Herman Miller (NASDAQ:MLHR) from a “neutral” rating to a “buy” rating in a research note to investors on Monday, July 8th.
Shares of Herman Miller (NASDAQ:MLHR) opened at 28.23 on Tuesday. Herman Miller has a 1-year low of $18.23 and a 1-year high of $29.70. The stock has a 50-day moving average of $27. and a 200-day moving average of $26.90. The company has a market cap of $1.658 billion and a P/E ratio of 23.51.
Herman Miller (NASDAQ:MLHR) last released its earnings data on Wednesday, September 18th. The company reported $0.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.38 by $0.05. The company had revenue of $468.00 million for the quarter, compared to the consensus estimate of $465.10 million. During the same quarter last year, the company posted $0.38 earnings per share. Herman Miller’s revenue was up 4.1% compared to the same quarter last year. Analysts expect that Herman Miller will post $1.66 EPS for the current fiscal year.
Herman Miller, Inc researches, designs, manufactures, and distributes interior furnishings, for use in various environments including office, healthcare, educational, and residential settings, and provides related services that support organizations and individuals all over the world.
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