Shares of Multi-Color Co. (NASDAQ:LABL) have been given an average rating of “Hold” by the seven analysts that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $50.50.
A number of research firms have issued reports on LABL. ValuEngine raised The Western Union from a “sell” rating to a “hold” rating in a research note on Friday, March 22nd. Zacks Investment Research raised Hope Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, April 17th. Finally, BidaskClub cut Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th.
Several institutional investors have recently modified their holdings of LABL. Rhumbline Advisers boosted its stake in shares of Multi-Color by 19.7% in the fourth quarter. Rhumbline Advisers now owns 40,894 shares of the business services provider’s stock valued at $1,435,000 after purchasing an additional 6,737 shares during the period. Oregon Public Employees Retirement Fund purchased a new position in shares of Multi-Color in the fourth quarter valued at approximately $186,000. Prudential Financial Inc. boosted its stake in shares of Multi-Color by 115.5% in the fourth quarter. Prudential Financial Inc. now owns 50,107 shares of the business services provider’s stock valued at $1,758,000 after purchasing an additional 26,859 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Multi-Color by 12.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,634 shares of the business services provider’s stock valued at $302,000 after purchasing an additional 982 shares during the period. Finally, BlackRock Inc. boosted its stake in shares of Multi-Color by 1.8% in the fourth quarter. BlackRock Inc. now owns 2,054,459 shares of the business services provider’s stock valued at $72,091,000 after purchasing an additional 35,786 shares during the period. Institutional investors own 67.70% of the company’s stock.
Multi-Color Company Profile
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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