Multi-Color (NASDAQ:LABL) Stock Rating Upgraded by BidaskClub

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.

Multi-Color (NASDAQ:LABL) last issued its earnings results on Tuesday, May 28th. The business services provider reported $0.84 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.10). Multi-Color had a positive return on equity of 10.47% and a negative net margin of 1.68%. The company had revenue of $437.51 million during the quarter, compared to the consensus estimate of $431.65 million. Analysts forecast that Multi-Color will post 3.63 earnings per share for the current year.

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.

Featured Story: Trading Ex-Dividend

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.