Follow The Ratings: Multi-Color (NASDAQ:LABL) Hit With Downgrade by KeyBanc, Is This a Concern?

November 29, 2016 - By Ruchi Gupta

Follow The Ratings: Multi Color (NASDAQ:LABL) Hit With Downgrade by KeyBanc, Is This a Concern?

Multi-Color (NASDAQ:LABL) Downgrade

KeyBanc decreased the shares of Multi-Color (NASDAQ:LABL) to a “Underweight” rating in a a research report issued to clients on Tuesday morning.

Multi-Color Corporation (NASDAQ:LABL) Ratings Coverage

Out of 2 analysts covering Multi-Color (NASDAQ:LABL), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $75 is the highest target while $73 is the lowest. The $74 average target is 4.15% above today’s ($71.05) stock price. Multi-Color has been the topic of 5 analyst reports since August 11, 2015 according to StockzIntelligence Inc. BMO Capital Markets maintained the stock with “Outperform” rating in Tuesday, August 11 report. The company was maintained on Friday, April 29 by Hilliard Lyons. The company was upgraded on Monday, March 14 by Hilliard Lyons. On Friday, October 2 the stock rating was reinitiated by Hilliard Lyons with “Neutral”. The stock has “Market Perform” rating given by BMO Capital Markets on Thursday, March 24.

About 44,264 shares traded hands. Multi-Color Corporation (NASDAQ: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 EPS, up 10.29% or $0.07 from last year’s $0.68 per share. LABL’s profit will be $12.67 million for 23.68 P/E if the $0.75 EPS becomes a reality. After $0.99 actual EPS 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 2016 Q2. Its down 0.05, from 1.46 in 2016Q1. The ratio fall, 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.

Moreover, Independent Portfolio Consultants Inc has 0.27% invested in Multi-Color Corporation (NASDAQ:LABL) for 13,670 shares. Credit Suisse Ag last reported 13,804 shares in the company. Pacific Ridge Prns Ltd Com holds 0.37% or 12,810 shares in its portfolio. Vaughan Nelson Investment Management L P last reported 0.44% of its portfolio in the stock. Blackrock Grp Ltd holds 0% or 13,498 shares in its portfolio. Louisiana State Employees Retirement System last reported 5,800 shares in the company. Sei accumulated 0% or 2,576 shares. Pnc Grp Incorporated accumulated 0% or 63,041 shares. Lenox Wealth Mgmt last reported 0.05% of its portfolio in the stock. Bnp Paribas Arbitrage holds 4,403 shares or 0% of its portfolio. Arizona State Retirement Systems accumulated 0.01% or 6,800 shares. Eaton Vance Mngmt has invested 0.03% of its portfolio in Multi-Color Corporation (NASDAQ:LABL). Manufacturers Life Insur The last reported 0% of its portfolio in the stock. Metropolitan Life Insur Company Ny has 0% invested in the company for 9,365 shares. Moreover, Ls Invest Advsrs Ltd Llc has 0% invested in Multi-Color Corporation (NASDAQ:LABL) for 475 shares.

Insider Transactions: Since June 2, 2016, the stock had 0 buys, and 5 selling transactions for $4.55 million net activity. Buse David G also sold $273,270 worth of Multi-Color Corporation (NASDAQ:LABL) on Wednesday, August 10. The insider Needham Floyd E sold $474,829. On Wednesday, August 10 the insider Birkett Sharon E. sold $342,000. On Thursday, June 2 Vinecombe Nigel A sold $1.58M worth of the stock or 25,000 shares.

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 $1.20 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 24.1 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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