Robert W. Baird reaffirmed their hold rating on shares of Multi-Color Corporation (NASDAQ:LABL) in a research note released on Thursday. Robert W. Baird currently has a $85.00 price target on the business services provider’s stock.

A number of other research analysts also recently commented on the stock. BidaskClub downgraded shares of Multi-Color Corporation from a buy rating to a hold rating in a research report on Thursday, June 22nd. Zacks Investment Research downgraded shares of Multi-Color Corporation from a buy rating to a hold rating in a research report on Friday, September 1st. KeyCorp reaffirmed a sell rating and set a $67.00 price objective on shares of Multi-Color Corporation in a research report on Friday, August 25th. Finally, BMO Capital Markets reaffirmed a hold rating and set a $88.00 price objective on shares of Multi-Color Corporation in a research report on Monday, September 25th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $84.00.

Multi-Color Corporation (LABL) traded down 0.48% during trading on Thursday, reaching $82.35. 37,361 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $81.74 and its 200-day moving average price is $79.52. Multi-Color Corporation has a 52 week low of $63.05 and a 52 week high of $88.25. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 23.53 and a beta of 0.80.

Multi-Color Corporation (NASDAQ:LABL) last announced its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.06. Multi-Color Corporation had a net margin of 6.38% and a return on equity of 15.85%. The firm had revenue of $242.40 million for the quarter, compared to the consensus estimate of $242.47 million. During the same period in the previous year, the firm posted $0.95 earnings per share. The firm’s revenue was up 2.5% on a year-over-year basis. On average, equities analysts expect that Multi-Color Corporation will post $3.98 EPS for the current year.

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In other Multi-Color Corporation news, Chairman Nigel A. Vinecombe sold 10,765 shares of Multi-Color Corporation stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $82.08, for a total value of $883,591.20. Following the completion of the sale, the chairman now directly owns 54,309 shares in the company, valued at $4,457,682.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nigel A. Vinecombe sold 14,699 shares of Multi-Color Corporation stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $82.09, for a total transaction of $1,206,640.91. Following the completion of the sale, the insider now owns 54,309 shares of the company’s stock, valued at $4,458,225.81. The disclosure for this sale can be found here. Insiders sold 63,846 shares of company stock valued at $5,194,386 over the last quarter. Corporate insiders own 19.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Pinebridge Investments L.P. lifted its stake in Multi-Color Corporation by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 1,742 shares of the business services provider’s stock valued at $143,000 after acquiring an additional 18 shares during the last quarter. Atria Investments LLC lifted its stake in Multi-Color Corporation by 0.8% in the second quarter. Atria Investments LLC now owns 2,968 shares of the business services provider’s stock valued at $242,000 after acquiring an additional 24 shares during the last quarter. Texas Permanent School Fund lifted its stake in Multi-Color Corporation by 0.9% in the second quarter. Texas Permanent School Fund now owns 9,654 shares of the business services provider’s stock valued at $788,000 after acquiring an additional 84 shares during the last quarter. Arizona State Retirement System lifted its stake in Multi-Color Corporation by 1.5% in the first quarter. Arizona State Retirement System now owns 6,900 shares of the business services provider’s stock valued at $490,000 after acquiring an additional 100 shares during the last quarter. Finally, RMB Capital Management LLC lifted its stake in Multi-Color Corporation by 0.4% in the first quarter. RMB Capital Management LLC now owns 28,713 shares of the business services provider’s stock valued at $2,039,000 after acquiring an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 73.35% of the company’s stock.

About Multi-Color Corporation

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.

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