Zacks Investment Research downgraded shares of Multi-Color (NASDAQ:LABL) from a buy rating to a hold rating in a research report released on Saturday.

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. “

A number of other research analysts also recently commented on the company. BidaskClub upgraded Multi-Color from a sell rating to a hold rating in a research note on Friday. Hilliard Lyons upgraded Multi-Color from a neutral rating to a buy rating in a research note on Monday, January 8th. Robert W. Baird restated a hold rating and set a $80.00 price objective on shares of Multi-Color in a research note on Friday, November 10th. Finally, BMO Capital Markets restated a hold rating and set a $88.00 price objective on shares of Multi-Color in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $81.25.

Shares of Multi-Color (NASDAQ LABL) traded up $2.40 on Friday, reaching $84.05. The company had a trading volume of 887,633 shares, compared to its average volume of 54,199. The company has a market cap of $1,718.07, a P/E ratio of 24.79 and a beta of 0.73. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.48 and a current ratio of 1.96. Multi-Color has a 52-week low of $63.05 and a 52-week high of $89.70.

Multi-Color (NASDAQ:LABL) last issued its quarterly earnings data on Tuesday, November 7th. The business services provider reported $1.06 EPS for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.05). The company had revenue of $256.03 million for the quarter, compared to the consensus estimate of $246.61 million. Multi-Color had a return on equity of 15.52% and a net margin of 6.10%. Multi-Color’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.99 earnings per share. equities analysts predict that Multi-Color will post 3.84 EPS for the current year.

In other Multi-Color news, CEO Michael Julian Henry purchased 1,000 shares of Multi-Color stock in a transaction on Monday, November 13th. The stock was bought at an average price of $71.03 per share, for a total transaction of $71,030.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert R. Buck sold 9,530 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $72.06, for a total value of $686,731.80. Following the transaction, the director now owns 17,441 shares of the company’s stock, valued at approximately $1,256,798.46. The disclosure for this sale can be found here. Insiders own 19.40% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Multi-Color in the third quarter valued at $129,000. Pinebridge Investments L.P. lifted its holdings in shares of Multi-Color 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 buying an additional 18 shares during the period. Zions Bancorporation acquired a new stake in shares of Multi-Color in the third quarter valued at $154,000. Eqis Capital Management Inc. acquired a new stake in shares of Multi-Color in the third quarter valued at $201,000. Finally, Magnetar Financial LLC acquired a new stake in shares of Multi-Color in the third quarter valued at $203,000. Institutional investors and hedge funds own 63.50% of the company’s stock.

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Multi-Color 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.

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