Follow The Ratings: KeyBanc Gives Multi-Color (LABL) Lower Rating. What Is Next?

November 29, 2016 - By Nellie Frank

Follow The Ratings: KeyBanc Gives Multi Color (LABL) Lower Rating. What Is Next?

Multi-Color (LABL) Downgrade

KeyBanc decreased Multi-Color (LABL)‘s stock to a “Underweight” rating from a “Sector Weight”. The rating change was sent to clients and investors in a a research note today.

About 34,095 shares traded hands. Multi-Color Corporation (LABL) has risen 31.86% since April 26, 2016 and is uptrending. It has outperformed by 26.60% the S&P500.

Analysts await Multi-Color Corporation (NASDAQ:LABL) to report earnings on February, 14. They expect $0.75 earnings per share, up 10.29% or $0.07 from last year’s $0.68 per share. LABL’s profit will be $12.69 million for 23.83 P/E if the $0.75 EPS becomes a reality. After $0.99 actual earnings per share reported by Multi-Color Corporation for the previous quarter, Wall Street now forecasts -24.24% negative EPS growth.

Insitutional Activity: The institutional sentiment decreased to 1.41 in Q2 2016. Its down 0.05, from 1.46 in 2016Q1. The ratio dropped, as 20 funds sold all Multi-Color Corporation shares owned while 32 reduced positions. 24 funds bought stakes while 52 increased positions. They now own 12.58 million shares or 3.85% more from 12.11 million shares in 2016Q1.

Prudential Incorporated has invested 0% of its portfolio in Multi-Color Corporation (NASDAQ:LABL). Ngam Advsr Limited Partnership accumulated 53,383 shares or 0.05% of the stock. State Teachers Retirement Sys holds 0% of its portfolio in Multi-Color Corporation (NASDAQ:LABL) for 5,272 shares. Amer Int Gru has 10,034 shares for 0% of their US portfolio. Qs Invsts Ltd, a New York-based fund reported 4 shares. State Common Retirement Fund has invested 0% of its portfolio in Multi-Color Corporation (NASDAQ:LABL). Ridgeworth Lc reported 296,949 shares or 0.17% of all its holdings. Asset Mgmt holds 0.01% of its portfolio in Multi-Color Corporation (NASDAQ:LABL) for 7,398 shares. Alphaone Investment Services Limited Liability Co has 57,293 shares for 1.34% of their US portfolio. Blackrock Limited has invested 0% of its portfolio in Multi-Color Corporation (NASDAQ:LABL). First Bankshares Of Omaha, a Nebraska-based fund reported 34,650 shares. Paloma Management Company last reported 0.01% of its portfolio in the stock. Geode Management Lc has 92,797 shares for 0% of their US portfolio. Texas Permanent School Fund reported 10,031 shares or 0.01% of all its holdings. Envestnet Asset, a Illinois-based fund reported 2,792 shares.

Insider Transactions: Since June 2, 2016, the stock had 0 buys, and 5 sales for $4.55 million net activity. Needham Floyd E sold 7,500 shares worth $474,829. Birkett Sharon E. had sold 5,000 shares worth $342,000. Another trade for 25,000 shares valued at $1.64 million was sold by Vinecombe Nigel A. $273,270 worth of shares were sold by Buse David G on Wednesday, August 10.

Multi-Color Corporation 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 has a market cap of $1.21 billion. The Firm 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. It has a 24.25 P/E ratio. The Firm also provides a range of print methods, including flexographic, lithographic, rotogravure, letterpress and digital, and in-house prepress services.

According to Zacks Investment Research, “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.”

LABL Company Profile

Multi-Color Corporation (Multi-Color), incorporated on April 15, 1985, 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 Firm 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. The Firm also provides a range of print methods, including flexographic, lithographic, rotogravure, letterpress and digital, and in-house prepress services.

Another recent and important Multi-Color Corporation (NASDAQ:LABL) news was published by Prnewswire.com which published an article titled: “Robbins Arroyo LLP Is Investigating the Officers and Directors of Multi-Color …” on August 25, 2015.

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