Multi Packaging Solutions Intrntnl Ltd (NYSE:MPSX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Friday.

According to Zacks, “Multi Packaging Solutions International Limited provides print and packaging with manufacturing operations primarily in North America, Europe and Asia. The Company offers print-based packaging solutions, including folding cartons, inserts, labels and rigid packaging. It serves healthcare, consumer and multi-media markets. Multi Packaging Solutions International is based in New York. “

A number of other research firms have also weighed in on MPSX. Credit Suisse Group AG set a $19.00 target price on Multi Packaging Solutions Intrntnl and gave the company a “buy” rating in a report on Tuesday, August 23rd. Citigroup Inc. raised their target price on Multi Packaging Solutions Intrntnl to $15.00 and gave the company a “neutral” rating in a report on Wednesday, August 24th. Finally, Barclays PLC dropped their target price on Multi Packaging Solutions Intrntnl from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Friday, September 2nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $17.65.

Analyst Recommendations for Multi Packaging Solutions Intrntnl (NYSE:MPSX)

Shares of Multi Packaging Solutions Intrntnl (NYSE:MPSX) opened at 12.51 on Friday. The stock has a market cap of $968.92 million and a price-to-earnings ratio of 431.38. Multi Packaging Solutions Intrntnl has a 52 week low of $11.00 and a 52 week high of $18.81. The firm has a 50-day moving average price of $13.98 and a 200-day moving average price of $14.55.

Multi Packaging Solutions Intrntnl (NYSE:MPSX) last announced its quarterly earnings results on Tuesday, November 8th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.08. The firm earned $407.80 million during the quarter, compared to the consensus estimate of $425.27 million. Multi Packaging Solutions Intrntnl had a return on equity of 4.52% and a net margin of 0.15%. The company’s quarterly revenue was down 11.2% compared to the same quarter last year. On average, equities analysts anticipate that Multi Packaging Solutions Intrntnl will post $0.71 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of MPSX. Aristotle Capital Boston LLC raised its stake in shares of Multi Packaging Solutions Intrntnl by 23.5% in the second quarter. Aristotle Capital Boston LLC now owns 303,961 shares of the company’s stock worth $4,058,000 after buying an additional 57,863 shares during the period. Alambic Investment Management L.P. acquired a new stake in shares of Multi Packaging Solutions Intrntnl during the second quarter worth approximately $176,000. Tower Research Capital LLC TRC acquired a new stake in shares of Multi Packaging Solutions Intrntnl during the second quarter worth approximately $209,000. California State Teachers Retirement System raised its stake in shares of Multi Packaging Solutions Intrntnl by 10.6% in the second quarter. California State Teachers Retirement System now owns 44,453 shares of the company’s stock worth $593,000 after buying an additional 4,258 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Multi Packaging Solutions Intrntnl by 23.9% in the second quarter. Bank of New York Mellon Corp now owns 44,730 shares of the company’s stock worth $597,000 after buying an additional 8,615 shares during the period. Institutional investors and hedge funds own 98.16% of the company’s stock.

About Multi Packaging Solutions Intrntnl

Multi Packaging Solutions International Limited is a provider of specialty packaging solutions for the consumer, healthcare and multi-media markets. The Company operates through three segments: North America, Europe and Asia. The Company’s print-based specialty packaging solutions include premium folding cartons, inserts, labels and rigid packaging across a range of substrates and finishes, which are complemented by value-added services, including design, new product development and supply chain solutions.

5 Day Chart for NYSE:MPSX

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