Multi-Color (NASDAQ:LABL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

According to Zacks, “Multi-Color is one of the largest producers of printed labels for branded consumer products in the United States. Labels printed by the Company appear principally on mass-marketed products for which label appearance is a significant element of product marketing and merchandising. Multi-Color produces labels for a variety of consumer products including liquid detergents, fabric softeners, food products, liquid cleaners, anti-freeze and chewing gum. “

Other equities research analysts have also issued research reports about the company. BMO Capital Markets lowered their price objective on Multi-Color to $53.00 and set a “market perform” rating for the company in a research note on Wednesday, November 7th. Robert W. Baird upgraded Multi-Color from a “neutral” rating to an “outperform” rating in a research report on Monday. Finally, BidaskClub lowered Multi-Color from a “hold” rating to a “sell” rating in a research report on Friday, October 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $67.60.

NASDAQ LABL traded up $0.66 during mid-day trading on Wednesday, reaching $42.73. 1,734 shares of the company’s stock traded hands, compared to its average volume of 188,608. Multi-Color has a 1-year low of $29.95 and a 1-year high of $89.70. The company has a quick ratio of 1.42, a current ratio of 1.84 and a debt-to-equity ratio of 2.11. The firm has a market cap of $840.60 million, a PE ratio of 11.21 and a beta of 1.01.

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

Several institutional investors and hedge funds have recently modified their holdings of the company. Teachers Advisors LLC grew its position in shares of Multi-Color by 4.1% in the 3rd quarter. Teachers Advisors LLC now owns 26,722 shares of the business services provider’s stock worth $1,663,000 after acquiring an additional 1,057 shares in the last quarter. Vanguard Group Inc grew its position in shares of Multi-Color by 1.1% in the 3rd quarter. Vanguard Group Inc now owns 818,445 shares of the business services provider’s stock worth $50,948,000 after acquiring an additional 9,052 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Multi-Color by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 818,445 shares of the business services provider’s stock worth $50,948,000 after acquiring an additional 9,052 shares in the last quarter. Legal & General Group Plc grew its position in shares of Multi-Color by 9.0% in the 3rd quarter. Legal & General Group Plc now owns 29,858 shares of the business services provider’s stock worth $1,855,000 after acquiring an additional 2,459 shares in the last quarter. Finally, Nordea Investment Management AB acquired a new position in shares of Multi-Color in the 3rd quarter worth approximately $7,803,000. Institutional investors own 73.09% of the company’s stock.

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.

Further Reading: Determine Your Level of Risk Tolerance

Get a free copy of the Zacks research report on Multi-Color (LABL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Multi-Color Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Multi-Color and related companies with MarketBeat.com's FREE daily email newsletter.