Today: Today, Multi-Color Corp. (LABL) Lowered by KeyCorp

Today, Multi-Color Corp. (LABL) Lowered by KeyCorp

Multi-Color Corp. (NASDAQ:LABL) was downgraded by analysts at KeyCorp to an “underweight” rating in a report released on Tuesday.

A number of other research firms also recently commented on LABL. Singular Research boosted their target price on Multi-Color Corp. from $67.00 to $70.00 and gave the stock a “buy – long-term” rating in a research report on Wednesday, August 17th. Zacks Investment Research downgraded Multi-Color Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, November 16th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Multi-Color Corp. presently has a consensus rating of “Hold” and a consensus price target of $67.00.

Shares of Multi-Color Corp. (NASDAQ:LABL) opened at 75.20 on Tuesday. The stock has a market cap of $1.27 billion, a PE ratio of 25.48 and a beta of 0.92. Multi-Color Corp. has a 12-month low of $40.15 and a 12-month high of $76.50. The firm has a 50-day moving average price of $68.17 and a 200 day moving average price of $65.36.

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

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

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

Large investors have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan boosted 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 valued at $192,000 after buying an additional 60 shares during the last quarter. Sei Investments Co. boosted 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 valued at $176,000 after buying an additional 100 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted 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 valued at $594,000 after buying an additional 128 shares during the last quarter. BlackRock Inc. boosted 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 valued at $104,000 after buying an additional 169 shares during the last quarter. Finally, Baker Ellis Asset Management LLC boosted 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 valued at $637,000 after buying an additional 200 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Multi-Color Corp. Company Profile

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