MLR trades 0.5% below Wall Street's consensus target of $50.00.
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 27.4x. 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 June 22, 2026, Miller Industries, Inc. (MLR) has a Wall Street consensus price target of $50.00, based on estimates from 3 covering analysts. With the stock currently trading at $49.77, this represents a potential upside of +0.5%. The company has a market capitalization of $566M.
Analyst price targets range from a low of $44.00 to a high of $56.00, representing a 24% spread in expectations. The median target of $50.00 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 25.1x and forward P/E of 27.4x. Analysts expect EPS to grow +34.9% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $46.23, with bear and bull scenarios of $29.12 and $60.91 respectively. Model confidence stands at 44/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
WRLDWorld Acceptance Corporation | $897M | $177.95 | — | — | Hold | 25.2x | 10 |
DORMDorman Products, Inc. | $3.8B | $125.66 | $140.00 | +11.4% | Buy | 15.2x | 16 |
REVGREV Group, Inc. | $3.1B | $63.90 | $33.75 | -47.2% | Hold | 17.2x | 12 |
ASTEAstec Industries, Inc. | $1.3B | $56.12 | $36.00 | -35.9% | Buy | 15.6x | 12 |
HLIOHelios Technologies, Inc. | $3.0B | $90.49 | $82.67 | -8.6% | Buy | 35.8x | 13 |
ELVAElectrovaya Inc. | $407M | $10.42 | $17.50 | +67.9% | Buy | 82.5x | 3 |
VSCOVictoria's Secret & Co. | $6.5B | $81.88 | $59.00 | -27.9% | Buy | 29.9x | 14 |
OSUROraSure Technologies, Inc. | $306M | $4.25 | $4.00 | -5.9% | Hold | — | 13 |
STLDSteel Dynamics, Inc. | $36.2B | $249.91 | $235.25 | -5.9% | Buy | 15.4x | 27 |
NUENucor Corporation | $55.5B | $243.83 | $239.57 | -1.7% | Buy | 16.0x | 32 |
Quick answers to the most common questions about buying MLR stock.
The consensus price target for MLR is $50, close to the current price of $49.77 (0.5% implied move). Based on 3 analyst estimates, the stock appears fairly valued near current levels.
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 $50 implies 0.5% upside from current levels.
MLR trades at a forward P/E of 27.4215x, representing a moderate valuation. With analysts targeting $50 (0.5% implied move), the stock appears close to fair value.
The most bullish Wall Street analyst has a price target of $56 for MLR, while the most conservative target is $44. The consensus of $50 represents the median expectation. Our quantitative valuation model projects a bull case target of $61 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 $50, with estimates ranging from $44 (bear case) to $56 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $46, with bear/bull scenarios of $29/$61.
Our quantitative valuation model calculates MLR's fair value at $46 (base case), with a bear case of $29 and bull case of $61. 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 44/100.
MLR trades at a forward P/E ratio of 27.4x based on next-twelve-months earnings estimates compared to a trailing P/E of 25.1x. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
MLR appears fairly valued according to analysts, with a "Hold" rating and minimal upside to the $50 target. Consider your investment thesis and risk tolerance. 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 $44 to $56, a 24% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $50 consensus represents the middle ground. Our model's $29-$61 range provides an independent fundamental perspective.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.