The stock of Multi Packaging Solutions Intrntnl Ltd (NYSE:MPSX) reached all time low today, Nov, 10 and still has $11.38 target or 9.00% below today’s $12.50 share price. This indicates more downside for the $916.99 million company. This technical setup was reported by Barchart.com. If the $11.38 PT is reached, the company will be worth $82.53 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 86,842 shares traded hands. Multi Packaging Solutions Intrntnl Ltd (NYSE:MPSX) has declined 17.01% since April 8, 2016 and is downtrending. It has underperformed by 22.66% the S&P500.
Multi Packaging Solutions Intrntnl Ltd (NYSE:MPSX) Ratings Coverage
Out of 8 analysts covering Multi Packaging Solutions (NYSE:MPSX), 3 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 38% are positive. Multi Packaging Solutions has been the topic of 12 analyst reports since November 16, 2015 according to StockzIntelligence Inc. The stock of Multi Packaging Solutions Intrntnl Ltd (NYSE:MPSX) has “Neutral” rating given on Wednesday, August 24 by Citigroup. Credit Suisse initiated the stock with “Outperform” rating in Monday, November 16 report. The rating was initiated by Robert W. Baird on Monday, November 16 with “Outperform”. On Monday, November 16 the stock rating was initiated by BMO Capital Markets with “Market Perform”. As per Monday, November 16, the company rating was initiated by Barclays Capital. The firm earned “Overweight” rating on Friday, September 2 by Barclays Capital. The firm earned “Neutral” rating on Wednesday, August 24 by Credit Suisse. The firm has “Neutral” rating by UBS given on Monday, November 16. The stock of Multi Packaging Solutions Intrntnl Ltd (NYSE:MPSX) has “Neutral” rating given on Monday, November 16 by Goldman Sachs. Goldman Sachs initiated the stock with “Neutral” rating in Thursday, May 12 report.
According to Zacks Investment Research, “Multi Packaging Solutions International Limited provides print and packaging with manufacturing operations primarily in North America, Europe and Asia. The Company offers print-based packaging solutions, including folding cartons, inserts, labels and rigid packaging. It serves healthcare, consumer and multi-media markets. Multi Packaging Solutions International is based in New York.”
More notable recent Multi Packaging Solutions Intrntnl Ltd (NYSE:MPSX) news were published by: Marketwatch.com which released: “Multi Packaging Solutions downgraded to underperform from neutral at Credit Suisse” on July 03, 2015, also Quotes.Wsj.com with their article: “News Multi Packaging Solutions International Ltd.MPSX” published on October 22, 2015, Businesswire.com published: “Multi Packaging Solutions to Report First Quarter 2016 Earnings on November 12 …” on November 05, 2015. More interesting news about Multi Packaging Solutions Intrntnl Ltd (NYSE:MPSX) were released by: Seekingalpha.com and their article: “Multi Packaging Solutions International’s (MPSX) CEO Marc Shore on Q3 2016 …” published on May 13, 2016 as well as Businesswire.com‘s news article titled: “Multi Packaging Solutions Prices Initial Public Offering” with publication date: October 21, 2015.
MPSX Company Profile
Multi Packaging Solutions International Limited, incorporated on June 19, 2015, is a well-known provider of specialty packaging solutions for the consumer, healthcare and multi-media markets. The Firm operates through three divisions: North America, Europe and Asia. The Company’s print specialty packaging solutions include premium folding cartons, inserts, labels and rigid packaging across a range of substrates and finishes, which are complemented by value-added services, including design, new product development and supply chain solutions. In addition, the Company provides supply chain services, such as vendor managed inventory (VMI), specific carton-by-carton scan ability and data, which enable the customer to track a product from maker to end user. The Company’s packaging solutions utilize a range of substrates, including paper and paperboard, pressure sensitive labels, plastic and foil, and finishes, including ultra violet (UV) coatings, film lamination, stamping and embossing. The healthcare market includes pharmaceutical, nutraceutical and healthcare related products. The consumer market includes cosmetics, personal care and toiletries, food, spirits, sporting goods, transaction and gift cards, confectionary, liquor and general consumer products. The multi-media market includes home video, software, music, video games and media related special packaging products.
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