MLR trades 16.6% below Wall Street's consensus target of $54.00.
Last 12 months price action with 12-month analyst target path
The base valuation assumes MLR achieves its forward estimates and maintains a stable P/E multiple of 23.6x. This scenario reflects the blended consensus of 3 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of November 7, 2026, Miller Industries, Inc. (MLR) has a Wall Street consensus price target of $54.00, based on estimates from 3 covering analysts. With the stock currently trading at $46.32, this represents a potential upside of +16.6%. The company has a market capitalization of $528M.
Analyst price targets range from a low of $54.00 to a high of $54.00, representing a 0% spread in expectations. The median target of $54.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Hold, with 1 analysts rating the stock as a Buy or Strong Buy,2 rating it Hold, and 0 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, MLR trades at a trailing P/E of 30.7x and forward P/E of 23.6x. Analysts expect EPS to grow +58.1% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $42.90, with bear and bull scenarios of $27.03 and $56.52 respectively. Model confidence stands at 42/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 WRLDWorld Acceptance Corporation | $695M | $149.08 | — | — | Hold | 21.1x | 10 |
 DORMDorman Products, Inc. | $4.1B | $136.70 | $165.00 | +20.7% | Buy | 15.8x | 16 |
 ASTEAstec Industries, Inc. | $821M | $35.71 | $36.00 | +0.8% | Buy | 11.0x | 12 |
 HLIOHelios Technologies, Inc. | $1.6B | $47.44 | $72.75 | +53.4% | Hold | 14.9x | 13 |
 ELVAElectrovaya Inc. | $243M | $4.91 | $17.50 | +256.4% | Buy | 61.1x | 5 |
 VSXYVictoria's Secret & Company | $8.6B | $108.05 | $88.67 | +1.8% | Buy | 31.8x | 14 |
 OSUROraSure Technologies, Inc. | $237M | $3.44 | $7.00 | +103.5% | Hold | — | 13 |
 STLDSteel Dynamics, Inc. | $32.1B | $222.90 | $275.17 | +23.4% | Buy | 12.6x | 27 |
 NUENucor Corporation | $55.8B | $244.97 | $300.63 | +22.7% | Buy | 12.4x | 33 |
 CMICummins Inc. | $62.1B | $450.07 | $741.14 | +64.7% | Buy | 15.3x | 51 |
Quick answers to the most common questions about buying MLR stock.
Miller Industries, Inc. (MLR) has a consensus 12-month price target of $54, implying 16.6% upside from $46.32. The 3 analysts covering MLR see moderate appreciation potential.
MLR has a consensus rating of "Hold" based on 3 Wall Street analysts. The rating breakdown is mixed, with 2 Hold ratings making up the largest segment. The consensus 12-month price target of $54 implies 16.6% upside from current levels.
MLR trades at a forward P/E of 23.5725x, representing a moderate valuation. With analysts targeting $54 (16.6% implied move), the stock appears reasonably valued with upside.
The most bullish Wall Street analyst has a price target of $54 for MLR, while the most conservative target is $54. The consensus of $54 represents the median expectation. Our quantitative valuation model projects a bull case target of $57 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
MLR is lightly followed, with 3 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 1 have Buy ratings, 2 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month MLR stock forecast based on 3 Wall Street analysts shows a consensus price target of $54, with estimates ranging from $54 (bear case) to $54 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $43, with bear/bull scenarios of $27/$57.
Our quantitative valuation model calculates MLR's fair value at $43 (base case), with a bear case of $27 and bull case of $57. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 42/100.
MLR trades at a forward P/E ratio of 23.6x based on next-twelve-months earnings estimates compared to a trailing P/E of 30.7x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are optimistic on MLR, with a "Hold" consensus rating and $54 price target (16.6% upside). 1 of 3 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
MLR analyst price targets range from $54 to $54, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $54 consensus represents the middle ground. Our model's $27-$57 range provides an independent fundamental perspective.
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