Multi-Color Price Target Increased to $52.00 by Analysts at BMO Capital Markets (LABL)
Research analysts at BMO Capital Markets raised their target price on shares of Multi-Color (NASDAQ:LABL) from $44.00 to $52.00 in a report released on Tuesday. BMO Capital Markets’ price target indicates a potential upside of 28.87% from the company’s current price.
Separately, analysts at Robert W. Baird raised their price target on shares of Multi-Color from $45.00 to $48.00 in a research note on Tuesday.
Shares of Multi-Color (NASDAQ:LABL) traded up 0.66% on Tuesday, hitting $44.50. 23,224 shares of the company’s stock traded hands. Multi-Color has a 1-year low of $30.75 and a 1-year high of $44.21. The stock has a 50-day moving average of $40.16 and a 200-day moving average of $36.12. The company has a market cap of $731.1 million and a price-to-earnings ratio of 26.01.
Multi-Color (NASDAQ:LABL) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.18. The company had revenue of $203.10 million for the quarter, compared to the consensus estimate of $198.10 million. Analysts expect that Multi-Color will post $2.51 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Investors of record on Friday, August 15th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Wednesday, August 13th.
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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