Multi-Color Corp. (NASDAQ:LABL) has earned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the firm. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $64.50.

A number of research firms have recently commented on LABL. Zacks Investment Research cut Multi-Color Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Singular Research boosted their price target on Multi-Color Corp. from $67.00 to $70.00 and gave the company a “buy – long-term” rating in a research report on Wednesday, August 17th.

In other Multi-Color Corp. news, insider Nigel A. Vinecombe sold 25,000 shares of Multi-Color Corp. stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $72.85, for a total value of $1,821,250.00. Following the sale, the insider now owns 13,145 shares of the company’s stock, valued at approximately $957,613.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 20.20% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan raised its stake in shares of Multi-Color Corp. by 2.1% in the third quarter. Municipal Employees Retirement System of Michigan now owns 2,910 shares of the company’s stock worth $192,000 after buying an additional 60 shares in the last quarter. Sei Investments Co. raised its stake in shares of Multi-Color Corp. by 3.9% in the third quarter. Sei Investments Co. now owns 2,676 shares of the company’s stock worth $176,000 after buying an additional 100 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of Multi-Color Corp. by 1.4% in the second quarter. Metropolitan Life Insurance Co. NY now owns 9,365 shares of the company’s stock worth $594,000 after buying an additional 128 shares in the last quarter. BlackRock Inc. raised its stake in shares of Multi-Color Corp. by 12.0% in the third quarter. BlackRock Inc. now owns 1,575 shares of the company’s stock worth $104,000 after buying an additional 169 shares in the last quarter. Finally, Baker Ellis Asset Management LLC raised its stake in shares of Multi-Color Corp. by 2.0% in the second quarter. Baker Ellis Asset Management LLC now owns 10,051 shares of the company’s stock worth $637,000 after buying an additional 200 shares in the last quarter. 76.20% of the stock is currently owned by institutional investors.

Shares of Multi-Color Corp. (NASDAQ:LABL) traded up 0.27% during trading on Friday, reaching $75.20. The company’s stock had a trading volume of 16,852 shares. Multi-Color Corp. has a 52 week low of $40.15 and a 52 week high of $76.50. The firm has a market capitalization of $1.27 billion, a P/E ratio of 25.48 and a beta of 0.92. The company has a 50 day moving average price of $67.53 and a 200 day moving average price of $65.09.

Multi-Color Corp. (NASDAQ:LABL) last posted its earnings results on Wednesday, November 9th. The company reported $0.99 EPS for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.02. Multi-Color Corp. had a return on equity of 16.38% and a net margin of 5.55%. The business had revenue of $232.10 million for the quarter, compared to analysts’ expectations of $235.48 million. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities research analysts expect that Multi-Color Corp. will post $3.60 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend is Thursday, November 10th. Multi-Color Corp.’s dividend payout ratio is presently 6.78%.

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Multi-Color Corp. Company Profile

Multi-Color Corporation (Multi-Color) is engaged in label solutions business, supporting brands, including producers of home and personal care, wine and spirit, food and beverage, healthcare and specialty consumer products. The Company serves international brand owners in North, Central and South America, Europe, Australia, New Zealand, South Africa and China and Southeast Asia with a range of label technologies in Pressure Sensitive, Glue-Applied (Cut and Stack), In-Mold, Shrink Sleeve and Heat Transfer.

5 Day Chart for NASDAQ:LABL

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