ValuEngine lowered shares of Multi-Color (NASDAQ:LABL) from a sell rating to a strong sell rating in a research note published on Tuesday morning.
A number of other research analysts have also issued reports on LABL. BidaskClub lowered Multi-Color from a hold rating to a sell rating in a research report on Friday, January 26th. BMO Capital Markets reduced their price objective on Multi-Color from $88.00 to $75.00 and set a market perform rating for the company in a research report on Wednesday, February 7th. Robert W. Baird reduced their price objective on Multi-Color from $80.00 to $75.00 and set a neutral rating for the company in a research report on Wednesday, February 7th. Zacks Investment Research lowered Multi-Color from a hold rating to a sell rating in a research report on Saturday, February 17th. Finally, Sidoti upgraded Multi-Color from a neutral rating to a buy rating and set a $80.00 price objective for the company in a research report on Monday, March 5th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Multi-Color presently has a consensus rating of Hold and a consensus target price of $77.40.
Multi-Color opened at $62.35 on Tuesday, MarketBeat.com reports. Multi-Color has a 12-month low of $61.45 and a 12-month high of $89.70. The company has a market cap of $1.26 billion, a P/E ratio of 17.27 and a beta of 0.88. The company has a quick ratio of 1.41, a current ratio of 1.94 and a debt-to-equity ratio of 2.21.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Tuesday, May 15th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.32%. The ex-dividend date is Monday, May 14th. Multi-Color’s payout ratio is currently 5.54%.
In other Multi-Color news, Director Ari J. Benacerraf bought 4,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were purchased at an average price of $65.20 per share, with a total value of $260,800.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 19.40% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in LABL. ArrowMark Colorado Holdings LLC raised its stake in Multi-Color by 17.5% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 2,232,241 shares of the business services provider’s stock valued at $167,083,000 after acquiring an additional 332,879 shares in the last quarter. Ceredex Value Advisors LLC bought a new stake in Multi-Color during the 1st quarter valued at $17,830,000. Vaughan Nelson Investment Management L.P. raised its stake in Multi-Color by 27.6% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 973,943 shares of the business services provider’s stock valued at $64,329,000 after acquiring an additional 210,418 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in Multi-Color during the 1st quarter valued at $9,176,000. Finally, BlackRock Inc. raised its stake in Multi-Color by 3.5% during the 4th quarter. BlackRock Inc. now owns 1,744,331 shares of the business services provider’s stock valued at $130,564,000 after acquiring an additional 59,705 shares in the last quarter. 67.95% of the stock is currently owned by hedge funds and other institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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