Multi-Color Co. (NASDAQ:LABL) has received a consensus rating of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $74.25.
LABL has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Multi-Color from a “sell” rating to a “hold” rating in a research note on Wednesday, April 11th. BidaskClub downgraded shares of Multi-Color from a “sell” rating to a “strong sell” rating in a research note on Wednesday, February 21st. Hilliard Lyons upgraded shares of Multi-Color from a “neutral” rating to a “buy” rating in a research note on Monday, January 8th. Finally, TheStreet downgraded shares of Multi-Color from a “b-” rating to a “c+” rating in a research note on Monday, March 5th.
NASDAQ LABL traded down $0.75 during trading hours on Friday, hitting $67.55. The company had a trading volume of 77,346 shares, compared to its average volume of 118,070. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.94 and a quick ratio of 1.41. Multi-Color has a 1-year low of $61.90 and a 1-year high of $89.70. The company has a market capitalization of $1,393.18, a PE ratio of 18.92 and a beta of 0.87.
Multi-Color (NASDAQ:LABL) last released its quarterly earnings data 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 net margin of 6.08% and a return on equity of 13.02%. The company had revenue of $352.70 million during the quarter, compared to analyst estimates of $346.37 million. During the same quarter in the prior year, the company earned $0.70 EPS. The business’s revenue was up 67.4% on a year-over-year basis. research analysts expect that Multi-Color will post 3.71 earnings per share for the current year.
In other Multi-Color news, COO Oliver Apel bought 1,100 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was acquired at an average price of $66.68 per share, for a total transaction of $73,348.00. Following the completion of the purchase, the chief operating officer now owns 1,100 shares of the company’s stock, valued at $73,348. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Ari J. Benacerraf bought 4,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were acquired at an average price of $65.20 per share, with a total value of $260,800.00. The disclosure for this purchase can be found here. 19.40% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in LABL. ArrowMark Colorado Holdings LLC boosted its stake in shares of Multi-Color by 17.5% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 2,232,241 shares of the business services provider’s stock worth $167,083,000 after buying an additional 332,879 shares during the period. BlackRock Inc. boosted its stake in shares of Multi-Color by 3.5% during the fourth quarter. BlackRock Inc. now owns 1,744,331 shares of the business services provider’s stock worth $130,564,000 after buying an additional 59,705 shares during the period. Vaughan Nelson Investment Management L.P. raised its holdings in Multi-Color by 6.6% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 763,525 shares of the business services provider’s stock worth $57,149,000 after purchasing an additional 47,050 shares in the last quarter. Standard Life Aberdeen plc raised its holdings in Multi-Color by 5.5% during the fourth quarter. Standard Life Aberdeen plc now owns 756,522 shares of the business services provider’s stock worth $56,625,000 after purchasing an additional 39,251 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in Multi-Color during the fourth quarter worth about $1,432,000. Institutional investors and hedge funds own 66.03% of the company’s stock.
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Multi-Color Corporation provides various label solutions. The company offers pressure sensitive labels; in-mold labels; heat transfer labels; shrink sleeve labels; cut and stack glue-applied labels comprising peel-away promotional labels, thermochromics, holographics, and metalized films; and promotional products, such as scratch-off coupons, static-clings, and tags.
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