Multi-Color (NASDAQ:LABL) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Wednesday, June 26th, BidAskClub reports.
Several other research analysts also recently commented on the company. Zacks Investment Research upgraded Hope Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, April 17th. Robert W. Baird raised their price target on Lowe’s Companies from $120.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday, February 27th. Finally, ValuEngine raised The Western Union from a “sell” rating to a “hold” rating in a report on Friday, March 22nd. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $57.75.
NASDAQ:LABL remained flat at $$50.01 during trading on Wednesday. The company’s stock had a trading volume of 1,615,970 shares, compared to its average volume of 358,664. The company has a market cap of $1.03 billion, a P/E ratio of 13.97 and a beta of 1.16. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.89 and a quick ratio of 1.43. The firm’s 50 day moving average price is $49.95. Multi-Color has a 52-week low of $29.95 and a 52-week high of $68.65.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Alpine Associates Management Inc. bought a new stake in shares of Multi-Color in the 1st quarter worth approximately $27,311,000. JPMorgan Chase & Co. grew its position in shares of Multi-Color by 8,013.6% in the 1st quarter. JPMorgan Chase & Co. now owns 513,267 shares of the business services provider’s stock worth $25,607,000 after buying an additional 506,941 shares during the last quarter. Gabelli Funds LLC bought a new stake in shares of Multi-Color in the 1st quarter worth approximately $23,607,000. New South Capital Management Inc. bought a new stake in shares of Multi-Color in the 4th quarter worth approximately $14,103,000. Finally, IndexIQ Advisors LLC bought a new stake in shares of Multi-Color in the 1st quarter worth approximately $16,728,000. Institutional investors and hedge funds own 67.70% 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.
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