BMO Capital Markets Lowers Multi-Color Corp. Price Target to $40.00 (LABL)
Equities researchers at BMO Capital Markets lowered their price target on shares of Multi-Color Corp. (NASDAQ:LABL) from $42.00 to $40.00 in a research report issued on Wednesday, AnalystRatingsNetwork.com reports. BMO Capital Markets’ price objective suggests a potential upside of 20.92% from the company’s current price.
Shares of Multi-Color Corp. (NASDAQ:LABL) traded down 3.96% on Wednesday, hitting $31.77. 46,533 shares of the company’s stock traded hands. Multi-Color Corp. has a 52-week low of $23.12 and a 52-week high of $39.46. The stock’s 50-day moving average is $36.44 and its 200-day moving average is $34.86. The company has a market cap of $521.0 million and a price-to-earnings ratio of 17.41.
Multi-Color Corp. (NASDAQ:LABL) last released its earnings data on Tuesday, February 4th. The company reported $0.37 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.56 by $0.19. The company had revenue of $169.40 million for the quarter, compared to the consensus estimate of $169.23 million. Analysts expect that Multi-Color Corp. will post $2.23 EPS for the current fiscal year.
Multi-Color Corporation (NASDAQ:LABL) is engaged in label solutions business supporting brands, including producers of home and personal care, wine and spirit, food and beverage, healthcare and specialty consumer products.
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