Share on StockTwits

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.

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.