News stories about Multi-Color (NASDAQ:LABL) have been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Multi-Color earned a news impact score of 0.24 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 44.0046290069685 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
LABL opened at $63.75 on Friday. Multi-Color has a 1-year low of $61.50 and a 1-year high of $89.70. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.41 and a current ratio of 1.94. The company has a market capitalization of $1.30 billion, a PE ratio of 17.66 and a beta of 0.88.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Tuesday, May 15th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, May 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.31%. Multi-Color’s payout ratio is currently 5.54%.
LABL has been the topic of a number of analyst reports. TheStreet downgraded shares of Multi-Color from a “b-” rating to a “c+” rating in a research note on Monday, March 5th. Zacks Investment Research downgraded shares of Multi-Color from a “hold” rating to a “sell” rating in a research note on Saturday, February 17th. BidaskClub downgraded shares of Multi-Color from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. BMO Capital Markets reduced their price target on shares of Multi-Color from $88.00 to $75.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 7th. Finally, Sidoti upgraded shares of Multi-Color from a “neutral” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Monday, March 5th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Multi-Color currently has a consensus rating of “Hold” and an average price target of $77.40.
In other Multi-Color news, Director Ari J. Benacerraf bought 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average cost of $65.20 per share, for a total transaction of $260,800.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Oliver Apel bought 1,100 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were acquired at an average price of $66.68 per share, for a total transaction of $73,348.00. Following the completion of the transaction, the chief operating officer now owns 1,100 shares in the company, valued at $73,348. The disclosure for this purchase can be found here. Company insiders own 19.40% of the company’s stock.
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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