Zacks Investment Research upgraded shares of Multi-Color (NASDAQ:LABL) from a hold rating to a buy rating in a research note published on Friday morning. The brokerage currently has $90.00 target price on the business services provider’s stock.

According to Zacks, “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 has been the subject of several other reports. Robert W. Baird reissued a hold rating and set a $80.00 price objective on shares of Multi-Color in a report on Friday, November 10th. BidaskClub lowered Multi-Color from a sell rating to a strong sell rating in a report on Friday, December 15th. BMO Capital Markets reaffirmed a hold rating and issued a $88.00 price target on shares of Multi-Color in a report on Wednesday, October 25th. Finally, Hilliard Lyons raised Multi-Color from a neutral rating to a buy rating in a report on Monday, January 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Multi-Color presently has an average rating of Hold and an average target price of $81.25.

Shares of Multi-Color (NASDAQ LABL) traded up $2.40 during trading on Friday, hitting $84.05. The stock had a trading volume of 902,200 shares, compared to its average volume of 133,808. The stock has a market capitalization of $1,670.00, a P/E ratio of 24.72 and a beta of 0.73. Multi-Color has a 12-month low of $63.05 and a 12-month high of $89.70. The company has a current ratio of 1.96, a quick ratio of 1.48 and a debt-to-equity ratio of 1.13.

Multi-Color (NASDAQ:LABL) last released its earnings results on Tuesday, November 7th. The business services provider reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.05). The business had revenue of $256.03 million during the quarter, compared to the consensus estimate of $246.61 million. Multi-Color had a net margin of 6.10% and a return on equity of 15.52%. The business’s revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.99 earnings per share. equities analysts expect that Multi-Color will post 3.84 EPS for the current fiscal year.

In other Multi-Color news, CEO Michael Julian Henry bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average cost of $71.03 per share, with a total value of $71,030.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert R. Buck sold 9,530 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $72.06, for a total value of $686,731.80. Following the completion of the sale, the director now directly owns 17,441 shares in the company, valued at $1,256,798.46. The disclosure for this sale can be found here. 19.40% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. TIAA CREF Investment Management LLC grew its stake in shares of Multi-Color by 2.9% in the second quarter. TIAA CREF Investment Management LLC now owns 36,387 shares of the business services provider’s stock worth $2,969,000 after purchasing an additional 1,040 shares during the last quarter. Prudential Financial Inc. boosted its position in Multi-Color by 22.3% during the 3rd quarter. Prudential Financial Inc. now owns 27,703 shares of the business services provider’s stock valued at $2,270,000 after acquiring an additional 5,050 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Multi-Color by 45.4% during the second quarter. Parametric Portfolio Associates LLC now owns 31,099 shares of the business services provider’s stock valued at $2,538,000 after purchasing an additional 9,714 shares during the last quarter. Pictet Asset Management Ltd. lifted its holdings in shares of Multi-Color by 48.3% during the third quarter. Pictet Asset Management Ltd. now owns 170,151 shares of the business services provider’s stock valued at $13,944,000 after purchasing an additional 55,428 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Multi-Color by 5.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 58,364 shares of the business services provider’s stock valued at $4,763,000 after purchasing an additional 2,932 shares during the last quarter. 63.47% of the stock is currently owned by institutional investors.

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Multi-Color Company Profile

Multi-Color Corporation (Multi-Color) 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 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.

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