The stock of Multi-Color Corporation (NASDAQ:LABL) hit a new 52-week high and has $81.81 target or 8.00% above today’s $75.75 share price. The 9 months bullish chart indicates low risk for the $1.30 billion company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $81.81 price target is reached, the company will be worth $104.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 41,451 shares traded hands. Multi-Color Corporation (NASDAQ:LABL) has risen 34.22% since April 21, 2016 and is uptrending. It has outperformed by 28.89% 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 $12.87 million for 25.25 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.
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. Multi-Color has been the topic of 5 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The rating was maintained by BMO Capital Markets with “Outperform” on Tuesday, August 11. The stock of Multi-Color Corporation (NASDAQ:LABL) has “Neutral” rating given on Friday, October 2 by Hilliard Lyons. The company was downgraded on Thursday, March 24 by BMO Capital Markets. The firm has “Long-Term Buy” rating by Hilliard Lyons given on Monday, March 14. The firm has “Long-Term Buy” rating given on Friday, April 29 by Hilliard Lyons.
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.”
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.
Kennedy Cap Inc holds 71,074 shares or 0.09% of its portfolio. Alliancebernstein L P accumulated 0% or 18,028 shares. Paloma, a Connecticut-based fund reported 9,392 shares. Ls Investment Advsr Lc holds 0% of its portfolio in Multi-Color Corporation (NASDAQ:LABL) for 475 shares. Blackrock Gru owns 13,498 shares or 0% of their US portfolio. Thompson Siegel And Walmsley Limited owns 400 shares or 0% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) owns 340 shares or 0% of their US portfolio. Blackrock Advisors Ltd Liability Corp has 6,589 shares for 0% of their US portfolio. Teacher Retirement Of Texas reported 1,881 shares or 0% of all its holdings. Teachers Retirement Sys Of The State Of Kentucky last reported 0% of its portfolio in the stock. The Washington-based Parametric Assoc Lc has invested 0% in Multi-Color Corporation (NASDAQ:LABL). The Quebec – Canada-based Sector Pension Inv Board has invested 0.01% in Multi-Color Corporation (NASDAQ:LABL). Tiaa Cref Invest Limited Liability Company last reported 54,327 shares in the company. Nationwide Fund Advsr has invested 0% of its portfolio in Multi-Color Corporation (NASDAQ:LABL). Metropolitan Life Ins has 0% invested in the company for 9,365 shares.
Insider Transactions: Since June 2, 2016, the stock had 0 buys, and 6 sales for $6.13 million net activity. On Wednesday, June 8 Needham Floyd E sold $474,829 worth of the stock or 7,500 shares. $342,000 worth of Multi-Color Corporation (NASDAQ:LABL) was sold by Birkett Sharon E. on Wednesday, August 10. Vinecombe Nigel A had sold 25,000 shares worth $1.64 million. $273,270 worth of shares were sold by Buse David G on Wednesday, August 10.
More news for Multi-Color Corporation (NASDAQ:LABL) were recently published by: Quotes.Wsj.com, which released: “News Multi-Color Corp.LABL” on February 11, 2011. Prnewswire.com‘s article titled: “Robbins Arroyo LLP Is Investigating the Officers and Directors of Multi-Color …” and published on August 25, 2015 is yet another important article.
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.
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