Multi-Color (NASDAQ:LABL) was upgraded by investment analysts at KeyCorp from an “underweight” rating to a “sector weight” rating in a report issued on Tuesday, The Fly reports.
A number of other equities research analysts have also recently issued reports on LABL. Zacks Investment Research cut shares of Multi-Color from a “hold” rating to a “sell” rating in a report on Saturday, November 10th. Robert W. Baird raised shares of Multi-Color from a “neutral” rating to an “outperform” rating in a report on Monday, January 7th. BidaskClub raised shares of Multi-Color from a “hold” rating to a “buy” rating in a report on Thursday, February 7th. Sidoti cut shares of Multi-Color from a “buy” rating to a “neutral” rating in a report on Tuesday. Finally, BMO Capital Markets lowered their target price on shares of Multi-Color to $53.00 and set a “market perform” rating on the stock in a report on Wednesday, November 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $65.75.
Shares of NASDAQ LABL traded down $7.02 during midday trading on Tuesday, reaching $43.93. The company’s stock had a trading volume of 558,569 shares, compared to its average volume of 194,921. Multi-Color has a 12-month low of $29.95 and a 12-month high of $71.94. The company has a market capitalization of $1.04 billion, a PE ratio of 11.68 and a beta of 1.29. The company has a quick ratio of 1.42, a current ratio of 1.84 and a debt-to-equity ratio of 2.11.
Multi-Color (NASDAQ:LABL) last announced its earnings results on Monday, February 11th. The business services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). Multi-Color had a return on equity of 11.35% and a net margin of 4.99%. The business had revenue of $397.00 million during the quarter, compared to analysts’ expectations of $409.65 million. As a group, research analysts expect that Multi-Color will post 4.29 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. boosted its holdings in shares of Multi-Color by 10.7% during the fourth quarter. Advisor Group Inc. now owns 2,058 shares of the business services provider’s stock worth $72,000 after purchasing an additional 199 shares during the period. Quantamental Technologies LLC bought a new position in Multi-Color in the fourth quarter worth about $104,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Multi-Color during the third quarter valued at approximately $207,000. LPL Financial LLC bought a new position in shares of Multi-Color during the third quarter valued at approximately $211,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Multi-Color during the third quarter valued at approximately $279,000. 70.48% of the stock is currently owned by hedge funds and other institutional investors.
Multi-Color Company Profile
Multi-Color Corporation provides various label solutions in the United States, Australia, Germany, and internationally. The company offers pressure sensitive labels; in-mold labels; heat transfer labels; cut and stack labels, such as peel-away promotional labels, thermochromics, holographics, and metalized films, as well as scratch-off coupons and static-clings; and roll fed labels.
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