Brokerages Set Multi-Color Co. (NASDAQ:LABL) Price Target at $50.50

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.

NASDAQ:LABL remained flat at $$50.01 on Tuesday. The company’s stock had a trading volume of 1,615,970 shares, compared to its average volume of 358,664. Multi-Color has a 1 year low of $29.95 and a 1 year high of $68.65. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.43 and a current ratio of 1.89. The stock has a market cap of $1.03 billion, a PE ratio of 13.97 and a beta of 1.16. The business has a fifty day simple moving average of $49.92.

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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