BidaskClub upgraded shares of Multi-Color (NASDAQ:LABL) from a sell rating to a hold rating in a research note published on Friday morning.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Multi-Color from a sell rating to a hold rating in a report on Wednesday, October 10th. Robert W. Baird upgraded shares of Multi-Color from a neutral rating to an outperform rating in a research report on Monday, January 7th. Finally, BMO Capital Markets decreased their price objective on shares of Multi-Color to $53.00 and set a market perform rating on the stock in a research note on Wednesday, November 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and an average target price of $67.60.

Shares of LABL stock opened at $42.74 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.42 and a debt-to-equity ratio of 2.11. Multi-Color has a 1-year low of $29.95 and a 1-year high of $89.70. The firm has a market cap of $840.60 million, a PE ratio of 11.37 and a beta of 1.01.

Multi-Color (NASDAQ:LABL) last posted its quarterly earnings data on Tuesday, November 6th. The business services provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.04. The business had revenue of $435.00 million during the quarter, compared to analysts’ expectations of $453.46 million. Multi-Color had a return on equity of 11.35% and a net margin of 4.99%. The firm’s revenue was up 69.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.06 EPS. On average, equities research analysts anticipate that Multi-Color will post 4.29 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. boosted its position in shares of Multi-Color by 9,037.7% in the second quarter. Advisors Asset Management Inc. now owns 272,302 shares of the business services provider’s stock worth $182,000 after purchasing an additional 269,322 shares during the period. Laurion Capital Management LP bought a new position in shares of Multi-Color in the second quarter worth about $207,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Multi-Color during the 3rd quarter worth about $207,000. LPL Financial LLC bought a new position in Multi-Color during the 3rd quarter worth about $211,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Multi-Color during the second quarter valued at about $249,000. 73.09% of the stock is owned by institutional investors.

Multi-Color Company Profile

Multi-Color Corporation provides various label solutions in the United States, Australia, Germany, and internationally. The company offers pressure sensitive labels; in-mold labels; heat transfer labels; cut and stack labels, such as peel-away promotional labels, thermochromics, holographics, and metalized films, as well as scratch-off coupons and static-clings; and roll fed labels.

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