Multi Packaging Solutions International Ltd. (NYSE:MPSX) was downgraded by Credit Suisse Group AG from a “neutral” rating to an “underperform” rating in a research note issued to investors on Thursday. They presently have a $13.20 target price on the stock. Credit Suisse Group AG’s price objective points to a potential upside of 5.77% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research upgraded Multi Packaging Solutions International from a “sell” rating to a “hold” rating in a report on Wednesday, July 20th. Citigroup Inc. raised their price objective on shares of Multi Packaging Solutions International to $15.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 24th. Finally, Barclays PLC lowered their price objective on shares of Multi Packaging Solutions International from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note 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. The company has an average rating of “Hold” and a consensus price target of $17.65.

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

Multi Packaging Solutions International (NYSE:MPSX) opened at 12.48 on Thursday. The company has a market cap of $966.60 million and a price-to-earnings ratio of 402.58. Multi Packaging Solutions International has a 52-week low of $11.00 and a 52-week high of $18.81. The stock’s 50 day moving average is $13.92 and its 200 day moving average is $14.53.

Multi Packaging Solutions International (NYSE:MPSX) last announced its quarterly earnings results on Tuesday, November 8th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.25 by $0.08. Multi Packaging Solutions International had a net margin of 0.15% and a return on equity of 4.57%. The company had revenue of $407.80 million for the quarter, compared to analyst estimates of $425.27 million. The company’s revenue was down 11.2% compared to the same quarter last year. On average, analysts predict that Multi Packaging Solutions International will post $0.69 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of MPSX. Wellington Management Group LLP boosted its position in shares of Multi Packaging Solutions International by 1,497.3% in the first quarter. Wellington Management Group LLP now owns 703,930 shares of the company’s stock valued at $11,425,000 after buying an additional 659,860 shares during the period. Aristotle Capital Boston LLC boosted its position in shares of Multi Packaging Solutions International by 38.0% in the first quarter. Aristotle Capital Boston LLC now owns 246,098 shares of the company’s stock valued at $3,994,000 after buying an additional 67,702 shares during the period. Eagle Boston Investment Management Inc. boosted its position in shares of Multi Packaging Solutions International by 16.0% in the second quarter. Eagle Boston Investment Management Inc. now owns 395,449 shares of the company’s stock valued at $5,279,000 after buying an additional 54,613 shares during the period. American Century Companies Inc. boosted its position in shares of Multi Packaging Solutions International by 39.4% in the second quarter. American Century Companies Inc. now owns 2,685,453 shares of the company’s stock valued at $35,851,000 after buying an additional 759,020 shares during the period. Finally, Quantitative Systematic Strategies LLC purchased a new position in shares of Multi Packaging Solutions International during the second quarter valued at approximately $169,000. 97.93% of the stock is owned by hedge funds and other institutional investors.

About Multi Packaging Solutions International

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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