Multi-Color Co. (NASDAQ:LABL) has earned an average rating of “Hold” from the six analysts that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $78.33.

A number of research firms have issued reports on LABL. Zacks Investment Research upgraded Multi-Color from a “sell” rating to a “hold” rating in a research report on Wednesday. BMO Capital Markets reiterated a “hold” rating and issued a $88.00 target price on shares of Multi-Color in a research report on Monday, September 25th. BidaskClub upgraded Multi-Color from a “strong sell” rating to a “sell” rating in a research report on Friday, December 22nd. Finally, Robert W. Baird reiterated a “hold” rating and issued a $85.00 target price on shares of Multi-Color in a research report on Thursday, October 12th.

In other news, CEO Michael Julian Henry purchased 1,000 shares of Multi-Color stock in a transaction dated Monday, November 13th. The shares were bought at an average cost of $71.03 per share, for a total transaction of $71,030.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert R. Buck sold 9,530 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $72.06, for a total value of $686,731.80. Following the sale, the director now owns 17,441 shares in the company, valued at $1,256,798.46. The disclosure for this sale can be found here. Insiders own 19.40% of the company’s stock.

Several large investors have recently added to or reduced their stakes in LABL. Pictet Asset Management Ltd. grew its holdings in shares of Multi-Color by 48.3% during the third quarter. Pictet Asset Management Ltd. now owns 170,151 shares of the business services provider’s stock worth $13,944,000 after purchasing an additional 55,428 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Multi-Color by 3.7% in the second quarter. Vanguard Group Inc. now owns 715,059 shares of the business services provider’s stock valued at $58,348,000 after acquiring an additional 25,470 shares during the last quarter. Stifel Financial Corp boosted its holdings in Multi-Color by 15.6% in the second quarter. Stifel Financial Corp now owns 145,693 shares of the business services provider’s stock valued at $11,915,000 after acquiring an additional 19,686 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Multi-Color by 113.8% in the third quarter. JPMorgan Chase & Co. now owns 29,875 shares of the business services provider’s stock valued at $2,447,000 after acquiring an additional 15,903 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in Multi-Color by 144.1% in the third quarter. First Trust Advisors LP now owns 25,604 shares of the business services provider’s stock valued at $2,098,000 after acquiring an additional 15,116 shares during the last quarter. Institutional investors own 63.50% of the company’s stock.

Multi-Color (LABL) opened at $74.10 on Friday. Multi-Color has a 12-month low of $63.05 and a 12-month high of $88.25. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.96 and a quick ratio of 1.48. The stock has a market capitalization of $1,510.00, a PE ratio of 21.79 and a beta of 0.73.

Multi-Color (NASDAQ:LABL) last released its earnings results on Tuesday, November 7th. The business services provider reported $1.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.05). Multi-Color had a net margin of 6.10% and a return on equity of 15.52%. The business had revenue of $256.03 million during the quarter, compared to the consensus estimate of $246.61 million. During the same quarter in the prior year, the firm earned $0.99 EPS. The business’s revenue was up 10.3% on a year-over-year basis. equities research analysts forecast that Multi-Color will post 3.83 EPS for the current year.

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About Multi-Color

Multi-Color Corporation (Multi-Color) 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. The Company serves international brand owners in North, Central and South America, Europe, Australia, New Zealand, South Africa and China and Southeast Asia with a range of label technologies in Pressure Sensitive, Glue-Applied (Cut and Stack), In-Mold, Shrink Sleeve and Heat Transfer.

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