Multi-Color (LABL) Upgraded at BidaskClub
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.
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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