Multi-Color Price Target Raised to $48.00 at Robert W. Baird (LABL)
Equities researchers at Robert W. Baird lifted their price objective on shares of Multi-Color (NASDAQ:LABL) from $45.00 to $48.00 in a research report issued on Tuesday. Robert W. Baird’s price target would indicate a potential upside of 18.96% from the company’s current price.
Multi-Color (NASDAQ:LABL) traded up 0.66% on Tuesday, hitting $44.50. The stock had a trading volume of 23,224 shares. Multi-Color has a 52 week low of $30.75 and a 52 week 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 EPS for the quarter, beating the Thomson Reuters 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 declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Investors of record on Friday, August 15th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend 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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