Shares of Multi-Color Co. (NASDAQ:LABL) have been given an average recommendation of “Hold” by the eight brokerages that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $74.25.
Several brokerages have commented on LABL. TheStreet downgraded Multi-Color from a “b-” rating to a “c+” rating in a report on Monday, March 5th. Sidoti raised Multi-Color from a “neutral” rating to a “buy” rating and set a $80.00 price objective on the stock in a research note on Monday, March 5th. BidaskClub downgraded Multi-Color from a “sell” rating to a “strong sell” rating in a research note on Wednesday, February 21st. Zacks Investment Research downgraded Multi-Color from a “hold” rating to a “sell” rating in a research note on Saturday, February 17th. Finally, Robert W. Baird dropped their price objective on Multi-Color from $80.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 7th.
In other news, Director Ari J. Benacerraf purchased 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average cost of $65.20 per share, with a total value of $260,800.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Oliver Apel purchased 1,100 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were purchased at an average cost 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 in the company, valued at approximately $73,348. The disclosure for this purchase can be found here. 19.40% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the stock. We Are One Seven LLC acquired a new position in Multi-Color during the 4th quarter worth approximately $128,000. SG Americas Securities LLC acquired a new position in Multi-Color during the 3rd quarter worth approximately $129,000. Zions Bancorporation acquired a new position in Multi-Color during the 3rd quarter worth approximately $154,000. Stone Ridge Asset Management LLC acquired a new position in Multi-Color during the 4th quarter worth approximately $201,000. Finally, Magnetar Financial LLC acquired a new position in Multi-Color during the 3rd quarter worth approximately $203,000. 65.84% of the stock is currently owned by institutional investors and hedge funds.
LABL stock opened at $67.45 on Wednesday. The company has a market capitalization of $1,415.66, a PE ratio of 18.03 and a beta of 0.93. Multi-Color has a twelve month low of $61.90 and a twelve month high of $89.70. 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 (NASDAQ:LABL) last announced 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 company had revenue of $352.70 million for 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 firm’s quarterly revenue was up 67.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.70 earnings per share. equities analysts anticipate that Multi-Color will post 3.71 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date was Wednesday, February 14th. Multi-Color’s dividend payout ratio is 5.35%.
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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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