Multi-Color (LABL) Upgraded at Hilliard Lyons
Multi-Color (NASDAQ:LABL) was upgraded by equities researchers at Hilliard Lyons from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Monday.
Several other equities analysts have also commented on the stock. BMO Capital Markets restated a “hold” rating and set a $88.00 price target on shares of Multi-Color in a research report on Monday, September 25th. Zacks Investment Research upgraded shares of Multi-Color from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. BidaskClub upgraded shares of Multi-Color from a “strong sell” rating to a “sell” rating in a research report on Friday, December 22nd. Finally, Robert W. Baird restated a “hold” rating and set a $85.00 price target on shares of Multi-Color in a research report on Thursday, October 12th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $82.75.
Multi-Color (LABL) traded down $1.35 during mid-day trading on Monday, reaching $76.85. 55,400 shares of the company’s stock traded hands, compared to its average volume of 47,817. The company has a current ratio of 1.96, a quick ratio of 1.48 and a debt-to-equity ratio of 1.13. Multi-Color has a 12-month low of $63.05 and a 12-month high of $88.25. The company has a market capitalization of $1,600.00, a price-to-earnings ratio of 22.60 and a beta of 0.73.
Multi-Color (NASDAQ:LABL) last released its earnings results on Tuesday, November 7th. The business services provider reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.05). Multi-Color had a net margin of 6.10% and a return on equity of 15.52%. The business had revenue of $256.03 million for the quarter, compared to the consensus estimate of $246.61 million. During the same quarter in the previous year, the firm earned $0.99 EPS. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. equities research analysts predict that Multi-Color will post 3.83 earnings per share for the current fiscal year.
In other news, CEO Michael Julian Henry purchased 1,000 shares of the stock in a transaction dated Monday, November 13th. The stock was acquired at an average price of $71.03 per share, for a total transaction of $71,030.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert R. Buck sold 9,530 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $72.06, for a total transaction of $686,731.80. Following the transaction, the director now owns 17,441 shares of the company’s stock, valued at approximately $1,256,798.46. The disclosure for this sale can be found here. 19.40% of the stock is currently owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in LABL. California Public Employees Retirement System lifted its holdings in Multi-Color by 7.1% in the third quarter. California Public Employees Retirement System now owns 38,120 shares of the business services provider’s stock worth $3,124,000 after purchasing an additional 2,520 shares during the period. Zions Bancorporation acquired a new stake in Multi-Color in the third quarter worth about $154,000. Magnetar Financial LLC acquired a new stake in Multi-Color in the third quarter worth about $203,000. Dimensional Fund Advisors LP lifted its holdings in Multi-Color by 2.1% in the third quarter. Dimensional Fund Advisors LP now owns 660,588 shares of the business services provider’s stock worth $54,135,000 after purchasing an additional 13,868 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Multi-Color by 10.9% in the third quarter. Schwab Charles Investment Management Inc. now owns 64,708 shares of the business services provider’s stock worth $5,303,000 after purchasing an additional 6,344 shares during the period. Institutional investors and hedge funds own 63.50% of the company’s stock.
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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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