Zacks Investment Research upgraded shares of Multi-Color (NASDAQ:LABL) from a strong sell rating to a hold rating in a research report sent to investors on Wednesday morning, Zacks.com reports.

According to Zacks, “Multi-Color is one of the largest producers of printed labels for branded consumer products in the United States. Labels printed by the Company appear principally on mass-marketed products for which label appearance is a significant element of product marketing and merchandising. Multi-Color produces labels for a variety of consumer products including liquid detergents, fabric softeners, food products, liquid cleaners, anti-freeze and chewing gum. “

Other equities research analysts also recently issued research reports about the company. BidaskClub upgraded Multi-Color from a hold rating to a buy rating in a research report on Thursday, February 7th. BMO Capital Markets lowered their price objective on Multi-Color to $46.00 and set a market perform rating on the stock in a research report on Thursday, February 14th. Robert W. Baird downgraded Multi-Color from an outperform rating to a neutral rating and set a $55.00 price objective on the stock. in a research report on Wednesday, February 27th. Sidoti downgraded Multi-Color from a buy rating to a neutral rating in a research report on Tuesday, February 12th. Finally, KeyCorp upgraded Multi-Color from an underweight rating to a sector weight rating in a research report on Tuesday, February 12th. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The company presently has an average rating of Hold and a consensus price target of $57.75.

NASDAQ:LABL opened at $49.86 on Wednesday. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 13.26 and a beta of 1.37. Multi-Color has a 1 year low of $29.95 and a 1 year high of $71.94. The company has a current ratio of 1.93, a quick ratio of 1.43 and a debt-to-equity ratio of 2.10.

Multi-Color (NASDAQ:LABL) last posted its earnings results on Monday, February 11th. The business services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.28). The company had revenue of $397.00 million for the quarter, compared to analysts’ expectations of $409.65 million. Multi-Color had a return on equity of 10.84% and a net margin of 4.33%. On average, analysts predict that Multi-Color will post 3.68 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of LABL. Bank of New York Mellon Corp raised its position in Multi-Color by 7.8% during the fourth quarter. Bank of New York Mellon Corp now owns 196,901 shares of the business services provider’s stock valued at $6,908,000 after purchasing an additional 14,237 shares in the last quarter. New South Capital Management Inc. purchased a new stake in Multi-Color during the fourth quarter valued at about $14,103,000. Vanguard Group Inc. raised its position in Multi-Color by 1.1% during the third quarter. Vanguard Group Inc. now owns 818,445 shares of the business services provider’s stock valued at $50,948,000 after purchasing an additional 9,052 shares in the last quarter. BlackRock Inc. raised its position in Multi-Color by 4.3% during the third quarter. BlackRock Inc. now owns 2,018,673 shares of the business services provider’s stock valued at $125,662,000 after purchasing an additional 83,135 shares in the last quarter. Finally, Quantamental Technologies LLC purchased a new stake in Multi-Color during the fourth quarter valued at about $104,000. Institutional investors own 69.28% of the company’s stock.

About Multi-Color

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.

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