The stock of Multi Packaging Solutions Intrntnl Ltd (NYSE:MPSX) hit a new 52-week low and has $12.11 target or 5.00% below today’s $12.75 share price. The 9 months bearish chart indicates high risk for the $974.71M company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $12.11 price target is reached, the company will be worth $48.74M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 181,405 shares traded hands or 27.61% up from the average. Multi Packaging Solutions Intrntnl Ltd (NYSE:MPSX) has declined 10.70% since April 7, 2016 and is downtrending. It has underperformed by 15.48% 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 has “Neutral” rating given by Goldman Sachs on Thursday, May 12. On Wednesday, August 24 the stock rating was downgraded by Credit Suisse to “Neutral”. Citigroup initiated Multi Packaging Solutions Intrntnl Ltd (NYSE:MPSX) on Monday, November 16 with “Neutral” rating. As per Friday, September 2, the company rating was maintained by Barclays Capital. UBS initiated the shares of MPSX in a report on Monday, November 16 with “Neutral” rating. The rating was initiated by Credit Suisse with “Outperform” on Monday, November 16. On Monday, November 16 the stock rating was initiated by Barclays Capital with “Overweight”. Citigroup maintained it with “Neutral” rating and $15 target price in Wednesday, August 24 report. BMO Capital Markets initiated Multi Packaging Solutions Intrntnl Ltd (NYSE:MPSX) on Monday, November 16 with “Market Perform” rating. The stock of Multi Packaging Solutions Intrntnl Ltd (NYSE:MPSX) earned “Outperform” rating by Robert W. Baird on Monday, November 16.
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: Businesswire.com which released: “Multi Packaging Solutions Announces First Quarter Results” on November 08, 2016, 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: Businesswire.com and their article: “Multi Packaging Solutions Prices Initial Public Offering” published on October 21, 2015 as well as Seekingalpha.com‘s news article titled: “Multi Packaging Solutions International’s (MPSX) CEO Marc Shore on Q3 2016 …” with publication date: May 13, 2016.
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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