Sidoti Lowers Multi-Color (LABL) to Neutral

Multi-Color (NASDAQ:LABL) was downgraded by investment analysts at Sidoti from a “buy” rating to a “neutral” rating in a report issued on Tuesday, The Fly reports.

Several other equities analysts have also recently commented on the company. Zacks Investment Research cut Multi-Color from a “hold” rating to a “sell” rating in a research report on Saturday, November 10th. Robert W. Baird upgraded Multi-Color from a “neutral” rating to an “outperform” rating in a research report on Monday, January 7th. BidaskClub upgraded Multi-Color from a “hold” rating to a “buy” rating in a research report on Thursday, February 7th. BMO Capital Markets reduced their target price on Multi-Color to $53.00 and set a “market perform” rating for the company in a research report on Wednesday, November 7th. Finally, KeyCorp restated a “sell” rating on shares of Multi-Color in a research report on Wednesday, January 23rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $65.75.

Shares of NASDAQ LABL opened at $50.94 on Tuesday. The firm has a market capitalization of $1.04 billion, a PE ratio of 13.55 and a beta of 1.29. Multi-Color has a fifty-two week low of $29.95 and a fifty-two week high of $71.94. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.84 and a quick ratio of 1.42.

Multi-Color (NASDAQ:LABL) last announced its quarterly earnings results on Monday, February 11th. The business services provider reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.29). Multi-Color had a net margin of 4.99% and a return on equity of 11.35%. As a group, equities research analysts predict that Multi-Color will post 4.29 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of LABL. FMR LLC lifted its stake in Multi-Color by 13.6% during the second quarter. FMR LLC now owns 2,011,782 shares of the business services provider’s stock worth $130,062,000 after purchasing an additional 240,099 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Multi-Color by 17.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,097,094 shares of the business services provider’s stock worth $68,294,000 after purchasing an additional 163,494 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Multi-Color by 84.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 316,841 shares of the business services provider’s stock worth $19,723,000 after purchasing an additional 144,927 shares during the last quarter. Nordea Investment Management AB bought a new stake in Multi-Color during the third quarter worth about $7,803,000. Finally, King Luther Capital Management Corp lifted its stake in Multi-Color by 628.9% during the third quarter. King Luther Capital Management Corp now owns 112,178 shares of the business services provider’s stock worth $6,983,000 after purchasing an additional 96,788 shares during the last quarter. 70.48% of the stock is 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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