Zacks Investment Research upgraded shares of Multi-Color (NASDAQ:LABL) from a hold rating to a buy rating in a report issued on Friday, January 19th. They currently have $90.00 target price on the business services provider’s stock.
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. “
Several other research analysts have also issued reports on LABL. 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 downgraded shares of Multi-Color from a sell rating to a strong sell rating in a research note on Friday, December 15th. Robert W. Baird reissued a hold rating and issued a $85.00 price target on shares of Multi-Color in a research note on Thursday, October 12th. Finally, Hilliard Lyons raised shares of Multi-Color from a neutral rating to a buy rating in a research note on Monday, January 8th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Multi-Color currently has an average rating of Hold and an average price target of $76.75.
Multi-Color (NASDAQ:LABL) traded down $0.05 on Friday, hitting $66.75. 221,627 shares of the stock were exchanged, compared to its average volume of 129,275. The stock has a market cap of $1,391.13, a price-to-earnings ratio of 17.86 and a beta of 0.76. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.94 and a quick ratio of 1.48. Multi-Color has a 12-month low of $65.21 and a 12-month high of $89.70.
Multi-Color (NASDAQ:LABL) last announced its earnings results on Tuesday, February 6th. The business services provider reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.01). Multi-Color had a return on equity of 13.02% and a net margin of 6.08%. The company had revenue of $352.70 million during the quarter, compared to analysts’ expectations of $346.37 million. During the same quarter last year, the firm posted $0.70 earnings per share. The firm’s revenue was up 67.4% on a year-over-year basis. research analysts forecast that Multi-Color will post 3.78 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend is Wednesday, February 14th. Multi-Color’s dividend payout ratio (DPR) is 5.35%.
In other news, Director Robert R. Buck sold 9,530 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $72.06, for a total transaction of $686,731.80. Following the completion of the transaction, the director now directly owns 17,441 shares of the company’s stock, valued at $1,256,798.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 19.40% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in LABL. Acrospire Investment Management LLC bought a new position in Multi-Color in the second quarter worth about $105,000. SG Americas Securities LLC bought a new position in Multi-Color in the third quarter worth about $129,000. Pinebridge Investments L.P. raised its stake in Multi-Color by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 1,742 shares of the business services provider’s stock worth $143,000 after buying an additional 18 shares in the last quarter. Zions Bancorporation bought a new position in Multi-Color in the third quarter worth about $154,000. Finally, Eqis Capital Management Inc. bought a new position in Multi-Color in the third quarter worth about $201,000. 63.73% of the stock is owned by institutional investors.
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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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