Multi-Color (NASDAQ:LABL) was upgraded by stock analysts at Hilliard Lyons from a “neutral” rating to a “buy” rating in a note issued to investors on Monday, January 8th.
LABL has been the topic of several other research reports. Robert W. Baird reaffirmed a “hold” rating and issued a $80.00 price target on shares of Multi-Color in a report on Friday, November 10th. BidaskClub raised Multi-Color from a “strong sell” rating to a “sell” rating in a report on Friday, December 22nd. Zacks Investment Research lowered Multi-Color from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 13th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $88.00 price objective on shares of Multi-Color in a research report on Monday, September 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $81.25.
Shares of Multi-Color (LABL) opened at $75.65 on Monday. The stock has a market capitalization of $1,587.21, a PE ratio of 22.32 and a beta of 0.73. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.48 and a current ratio of 1.96. Multi-Color has a 1-year low of $63.05 and a 1-year high of $89.70.
Multi-Color (NASDAQ:LABL) last issued its quarterly earnings data on Tuesday, November 7th. The business services provider reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.05). Multi-Color had a return on equity of 15.52% and a net margin of 6.10%. The company had revenue of $256.03 million for the quarter, compared to analysts’ expectations of $246.61 million. During the same period last year, the company posted $0.99 EPS. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. analysts expect that Multi-Color will post 3.84 earnings per share for the current fiscal year.
In related news, Director Robert R. Buck sold 9,530 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $72.06, for a total transaction 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 filing with the SEC, which is available through this hyperlink. Also, CEO Michael Julian Henry purchased 1,000 shares of Multi-Color stock in a transaction that occurred on Monday, November 13th. The shares were bought 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. 19.40% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. TIAA CREF Investment Management LLC grew its position in Multi-Color by 2.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 36,387 shares of the business services provider’s stock worth $2,969,000 after acquiring an additional 1,040 shares during the last quarter. Prudential Financial Inc. grew its position in shares of Multi-Color by 22.3% in the 3rd quarter. Prudential Financial Inc. now owns 27,703 shares of the business services provider’s stock worth $2,270,000 after buying an additional 5,050 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in shares of Multi-Color by 45.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 31,099 shares of the business services provider’s stock worth $2,538,000 after buying an additional 9,714 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Multi-Color by 3.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 71,340 shares of the business services provider’s stock worth $5,846,000 after buying an additional 2,240 shares during the last quarter. Finally, Pictet Asset Management Ltd. grew its position in shares of Multi-Color by 48.3% in the 3rd quarter. Pictet Asset Management Ltd. now owns 170,151 shares of the business services provider’s stock worth $13,944,000 after buying an additional 55,428 shares during the last quarter. Institutional investors and hedge funds own 63.48% of the company’s stock.
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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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