Share on StockTwits

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.