Multi-Color (NASDAQ:LABL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.

According to Zacks, “Multi-Color is one of the largest producers of printed labels for branded consumer products in the United States. Labels printed by the Company appear principally on mass-marketed products for which label appearance is a significant element of product marketing and merchandising. Multi-Color produces labels for a variety of consumer products including liquid detergents, fabric softeners, food products, liquid cleaners, anti-freeze and chewing gum. “

LABL has been the topic of a number of other reports. Robert W. Baird restated a “hold” rating and set a $80.00 price target on shares of Multi-Color in a research report on Friday, November 10th. BidaskClub upgraded shares of Multi-Color from a “strong sell” rating to a “sell” rating in a research report on Friday, December 22nd. BMO Capital Markets restated a “hold” rating and set a $88.00 price target on shares of Multi-Color in a research report on Monday, September 25th. Finally, Hilliard Lyons upgraded shares of Multi-Color from a “neutral” rating to a “buy” rating in a research report on Monday. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $82.75.

Shares of Multi-Color (NASDAQ:LABL) opened at $78.20 on Tuesday. Multi-Color has a 52-week low of $63.05 and a 52-week high of $88.25. The stock has a market cap of $1,600.00, a PE ratio of 23.00 and a beta of 0.73. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.96 and a quick ratio of 1.48.

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

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

Institutional investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC purchased a new stake in shares of Multi-Color in the 2nd quarter valued at approximately $105,000. SG Americas Securities LLC purchased a new stake in shares of Multi-Color in the 3rd quarter valued at approximately $129,000. Pinebridge Investments L.P. raised its stake in shares of Multi-Color by 1.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 1,742 shares of the business services provider’s stock valued at $143,000 after acquiring an additional 18 shares during the period. Zions Bancorporation purchased a new stake in shares of Multi-Color in the 3rd quarter valued at approximately $154,000. Finally, Eqis Capital Management Inc. purchased a new stake in shares of Multi-Color in the 3rd quarter valued at approximately $201,000. 63.50% of the stock is currently owned by institutional investors and hedge funds.

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Multi-Color Company Profile

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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