Multi-Color (LABL) Rating Lowered to Strong Sell at BidaskClub

Multi-Color (NASDAQ:LABL) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday.

LABL has been the subject of several other research reports. Zacks Investment Research cut Multi-Color from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Robert W. Baird reaffirmed a “hold” rating and issued a $80.00 target price on shares of Multi-Color in a research report on Friday, November 10th. BMO Capital Markets reiterated a “hold” rating and set a $88.00 price objective on shares of Multi-Color in a report on Wednesday, October 25th. Finally, Hilliard Lyons upgraded Multi-Color from a “neutral” rating to a “buy” rating in a report on Monday, January 8th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $76.75.

Shares of Multi-Color (LABL) traded down $1.10 during trading on Wednesday, hitting $65.00. The stock had a trading volume of 98,700 shares, compared to its average volume of 125,589. The firm has a market capitalization of $1,351.27, a PE ratio of 17.38 and a beta of 0.76. The company has a current ratio of 1.94, a quick ratio of 1.41 and a debt-to-equity ratio of 2.21. Multi-Color has a 1-year low of $64.65 and a 1-year high of $89.70.

Multi-Color (NASDAQ:LABL) last issued its earnings results on Tuesday, February 6th. The business services provider reported $0.71 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.01). The business had revenue of $352.70 million during the quarter, compared to analyst estimates of $346.37 million. Multi-Color had a return on equity of 13.02% and a net margin of 6.08%. The business’s quarterly revenue was up 67.4% on a year-over-year basis. During the same period last year, the business earned $0.70 EPS. research analysts anticipate that Multi-Color will post 3.71 earnings per share for the current fiscal year.

In related news, Director Robert R. Buck sold 9,530 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 17,441 shares in the company, valued at $1,256,798.46. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 19.40% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in the stock. We Are One Seven LLC purchased a new stake in shares of Multi-Color during the fourth quarter worth $128,000. MetLife Investment Advisors LLC purchased a new stake in shares of Multi-Color during the fourth quarter worth $462,000. Clark Capital Management Group Inc. raised its holdings in shares of Multi-Color by 16.0% during the fourth quarter. Clark Capital Management Group Inc. now owns 24,093 shares of the business services provider’s stock worth $1,803,000 after acquiring an additional 3,325 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Multi-Color by 34.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 34,951 shares of the business services provider’s stock worth $2,616,000 after acquiring an additional 8,965 shares in the last quarter. Finally, Stone Ridge Asset Management LLC purchased a new stake in shares of Multi-Color during the fourth quarter worth $201,000. Institutional investors and hedge funds own 63.63% 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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