Multi-Color Co. (LABL) Receives $50.50 Consensus Target Price from Brokerages

Multi-Color Co. (NASDAQ:LABL) has earned an average recommendation of “Hold” from the seven research firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $50.50.

A number of brokerages have commented on LABL. BidaskClub upgraded shares of Multi-Color from a “strong sell” rating to a “sell” rating in a research report on Thursday, May 9th. Zacks Investment Research cut shares of Multi-Color from a “hold” rating to a “strong sell” rating in a research report on Friday, February 15th. ValuEngine upgraded shares of Multi-Color from a “strong sell” rating to a “sell” rating in a research report on Friday, March 22nd. Robert W. Baird cut shares of Multi-Color from an “outperform” rating to a “neutral” rating and set a $55.00 price target on the stock. in a research report on Wednesday, February 27th. Finally, BMO Capital Markets reduced their price target on shares of Multi-Color to $46.00 and set a “market perform” rating on the stock in a research report on Thursday, February 14th.

Shares of NASDAQ LABL opened at $49.80 on Monday. Multi-Color has a one year low of $29.95 and a one year high of $71.94. The company has a current ratio of 1.93, a quick ratio of 1.43 and a debt-to-equity ratio of 2.10. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 13.24 and a beta of 1.34.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend is Tuesday, May 14th. Multi-Color’s payout ratio is currently 5.32%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Advisor Group Inc. boosted its stake in shares of Multi-Color by 10.7% during the fourth quarter. Advisor Group Inc. now owns 2,058 shares of the business services provider’s stock valued at $72,000 after purchasing an additional 199 shares during the period. Quantamental Technologies LLC purchased a new stake in shares of Multi-Color during the fourth quarter valued at approximately $104,000. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Multi-Color during the fourth quarter valued at approximately $141,000. BNP Paribas Arbitrage SA boosted its stake in shares of Multi-Color by 424.1% during the first quarter. BNP Paribas Arbitrage SA now owns 2,888 shares of the business services provider’s stock valued at $144,000 after purchasing an additional 2,337 shares during the period. Finally, Metropolitan Life Insurance Co. NY boosted its stake in shares of Multi-Color by 358.4% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,414 shares of the business services provider’s stock valued at $155,000 after purchasing an additional 3,451 shares during the period. Institutional investors and hedge funds own 69.35% of the company’s stock.

About Multi-Color

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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