Rating To Observe: KeyBanc Capital Mkts Says Its Time To Downgrade Multi-Color (NASDAQ:LABL)

November 29, 2016 - By Linda Rogers

Rating To Observe: KeyBanc Capital Mkts Says Its Time To Downgrade Multi Color (NASDAQ:LABL)

Multi-Color (NASDAQ:LABL) Downgrade

In a an analyst note revealed to clients and investors on 29 November, investment analysts at KeyBanc Capital Mkts’s equities division lowered Multi-Color (NASDAQ:LABL)‘s stock rating from aSector Weight to Underweight.

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 2.99% above today’s ($71.85) stock price. Multi-Color has been the topic of 5 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Hilliard Lyons given on Friday, October 2. The rating was maintained by BMO Capital Markets with “Outperform” on Tuesday, August 11. Hilliard Lyons maintained it with “Long-Term Buy” rating and $73 target price in Friday, April 29 report. The stock of Multi-Color Corporation (NASDAQ:LABL) earned “Long-Term Buy” rating by Hilliard Lyons on Monday, March 14. The stock of Multi-Color Corporation (NASDAQ:LABL) earned “Market Perform” rating by BMO Capital Markets on Thursday, March 24.

About 22,507 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 $12.73 million for 23.95 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 Q2 2016. Its down 0.05, from 1.46 in 2016Q1. The ratio turned negative, 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.

Independent Consultants Inc accumulated 13,670 shares or 0.27% of the stock. Schwab Charles Investment Mngmt Inc owns 47,353 shares or 0% of their US portfolio. Advsrs Asset Mngmt holds 0.01% or 7,398 shares in its portfolio. The Massachusetts-based Eaton Vance Mgmt has invested 0.03% in Multi-Color Corporation (NASDAQ:LABL). Legal General Gru Public Limited Company accumulated 0% or 1,569 shares. Walleye Trading Ltd Liability Company last reported 367 shares in the company. Moreover, Victory Cap Management Incorporated has 0% invested in Multi-Color Corporation (NASDAQ:LABL) for 1,147 shares. Pnc Fincl Services Grp Inc holds 0% of its portfolio in Multi-Color Corporation (NASDAQ:LABL) for 63,041 shares. Bnp Paribas Arbitrage holds 0% or 4,403 shares in its portfolio. Aberdeen Asset Public Ltd Co Uk accumulated 440,883 shares or 0.1% of the stock. Price T Rowe Inc Md reported 1.38M shares or 0.02% of all its holdings. Geode Capital Mngmt Lc reported 92,797 shares or 0% of all its holdings. Vanguard Grp accumulated 0% or 583,873 shares. Great West Life Assurance Can has invested 0% of its portfolio in Multi-Color Corporation (NASDAQ:LABL). Comerica Bancshares has 25,743 shares for 0.01% of their US portfolio.

Insider Transactions: Since June 2, 2016, the stock had 0 insider buys, and 5 insider sales for $4.55 million net activity. Needham Floyd E sold $474,829 worth of stock. Vinecombe Nigel A sold $1.58M worth of stock. Shares for $342,000 were sold by Birkett Sharon E. on Wednesday, August 10. 4,000 shares with value of $273,270 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 $1.22 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 24.37 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Tags: ,

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>