Multi-Color Co. (LABL) Receives Consensus Rating of “Hold” from Analysts
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.
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.
ILLEGAL ACTIVITY WARNING: This article was first published by American Banking News and is owned by of American Banking News. If you are reading this article on another website, it was illegally stolen and reposted in violation of international trademark & copyright laws. The legal version of this article can be accessed at https://www.americanbankingnews.com/2018/01/05/multi-color-co-labl-receives-consensus-rating-of-hold-from-analysts-2.html.
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.
Receive News & Ratings for Multi-Color Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Multi-Color and related companies with MarketBeat.com's FREE daily email newsletter.