Rating Watching: Worse Rating Was Given to Multi-Color Corporation (NASDAQ:LABL) By a Broker. Lost Sector Weight Rating

November 29, 2016 - By Winifred Garcia

Rating Watching: Worse Rating Was Given to Multi Color Corporation (NASDAQ:LABL) By a Broker. Lost Sector Weight Rating

Multi-Color Corporation (NASDAQ:LABL) Downgrade

Multi-Color Corporation (NASDAQ:LABL) was cut by KeyBanc Capital Markets from a Sector Weight rating to a Underweight rating in a an analyst note issued on 29 November.

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 4.45% above today’s ($70.85) stock price. Multi-Color has been the topic of 5 analyst reports since August 11, 2015 according to StockzIntelligence Inc. On Thursday, March 24 the stock rating was downgraded by BMO Capital Markets to “Market Perform”. Hilliard Lyons maintained the shares of LABL in a report on Friday, April 29 with “Long-Term Buy” rating. The rating was reinitiated by Hilliard Lyons with “Neutral” on Friday, October 2. As per Monday, March 14, the company rating was upgraded by Hilliard Lyons. BMO Capital Markets maintained Multi-Color Corporation (NASDAQ:LABL) on Tuesday, August 11 with “Outperform” rating.

The stock decreased 5.78% or $4.35 on November 29, hitting $70.85. About 101,229 shares traded hands or 29.14% up from the average. 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 $12.70M for 23.62 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 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.

Ami Asset Corporation reported 180,939 shares or 0.8% of all its holdings. Pictet Asset last reported 188,630 shares in the company. Prudential Finance Inc has 33,603 shares for 0% of their US portfolio. Fmr Lc has 0.02% invested in the company for 2.25M shares. Allianz Asset Ag has invested 0% of its portfolio in Multi-Color Corporation (NASDAQ:LABL). Td Asset accumulated 0% or 15,287 shares. Voya Inv Mngmt Limited Co owns 6,343 shares or 0% of their US portfolio. State Board Of Administration Of Florida Retirement holds 0% of its portfolio in Multi-Color Corporation (NASDAQ:LABL) for 8,165 shares. Schwab Charles Management Inc has 0% invested in the company for 47,353 shares. Third Avenue Management Limited Liability Company accumulated 129,533 shares or 0.37% of the stock. Ameriprise Finance accumulated 0% or 77,560 shares. The Florida-based Independent Portfolio Consultants Inc has invested 0.27% in Multi-Color Corporation (NASDAQ:LABL). Blackrock Gp has 0% invested in the company for 13,498 shares. Moreover, Redmond Asset Mgmt Limited Liability has 0.61% invested in Multi-Color Corporation (NASDAQ:LABL) for 19,346 shares. Citigroup owns 7,553 shares or 0% 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. 25,000 shares were sold by Vinecombe Nigel A, worth $1.82M. $342,000 worth of Multi-Color Corporation (NASDAQ:LABL) was sold by Birkett Sharon E.. $474,829 worth of Multi-Color Corporation (NASDAQ:LABL) was sold by Needham Floyd E on Wednesday, June 8. The insider Buse David G sold $273,270.

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 24.03 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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