The stock of Multi-Color Corporation (NASDAQ:LABL) hit a new 52-week high and has $90.10 target or 22.00% above today’s $73.85 share price. The 9 months bullish chart indicates low risk for the $1.28B company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $90.10 price target is reached, the company will be worth $281.60M 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 97,939 shares traded hands or 35.54% up from the average. Multi-Color Corporation (NASDAQ:LABL) has risen 39.95% since April 11, 2016 and is uptrending. It has outperformed by 33.80% the S&P500.
Analysts await Multi-Color Corporation (NASDAQ:LABL) to report earnings on November, 14. They expect $0.97 earnings per share, up 4.30% or $0.04 from last year’s $0.93 per share. LABL’s profit will be $16.81 million for 19.03 P/E if the $0.97 EPS becomes a reality. After $0.95 actual earnings per share reported by Multi-Color Corporation for the previous quarter, Wall Street now forecasts 2.11% 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 stock of Multi-Color Corporation (NASDAQ:LABL) earned “Market Perform” rating by BMO Capital Markets on Thursday, March 24. BMO Capital Markets maintained the stock with “Outperform” rating in Tuesday, August 11 report. Hilliard Lyons maintained it with “Long-Term Buy” rating and $73 target price in Friday, April 29 report. The stock has “Long-Term Buy” rating given by Hilliard Lyons on Monday, March 14. As per Friday, October 2, the company rating was reinitiated 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 increased to 1.46 in Q2 2016. Its up 0.53, from 0.93 in 2016Q1. The ratio increased, 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.
Us Fincl Bank De owns 1,201 shares or 0% of their US portfolio. Wells Fargo Mn has 138,743 shares for 0% of their US portfolio. Royal Bankshares Of Canada holds 427,448 shares or 0.02% of its portfolio. The Massachusetts-based Wellington Management Grp Incorporated Limited Liability Partnership has invested 0% in Multi-Color Corporation (NASDAQ:LABL). Rmb Cap Ltd holds 0.11% or 31,973 shares in its portfolio. Qs Investors Limited holds 0% of its portfolio in Multi-Color Corporation (NASDAQ:LABL) for 4 shares. Int Group holds 0% or 10,034 shares in its portfolio. Price T Rowe Assoc Md has invested 0.02% of its portfolio in Multi-Color Corporation (NASDAQ:LABL). Citigroup owns 7,553 shares or 0% of their US portfolio. Ameriprise Finance holds 0% of its portfolio in Multi-Color Corporation (NASDAQ:LABL) for 77,560 shares. Aberdeen Asset Pcl Uk accumulated 440,883 shares or 0.1% of the stock. Blackrock Fund Advsr reported 845,833 shares or 0.01% of all its holdings. The Pennsylvania-based Nationwide Fund Advisors has invested 0% in Multi-Color Corporation (NASDAQ:LABL). Wedge Capital Mngmt L Lp Nc last reported 5,494 shares in the company. Vaughan Nelson Inv Mngmt Ltd Partnership reported 546,575 shares or 0.44% of all its holdings.
Insider Transactions: Since June 2, 2016, the stock had 0 insider purchases, and 5 sales for $4.31 million net activity. Vinecombe Nigel A also sold $1.58 million worth of Multi-Color Corporation (NASDAQ:LABL) on Thursday, June 2. $273,270 worth of Multi-Color Corporation (NASDAQ:LABL) was sold by Buse David G. Needham Floyd E sold $474,829 worth of stock or 7,500 shares. Birkett Sharon E. had sold 5,000 shares worth $342,000.
More recent Multi-Color Corporation (NASDAQ:LABL) news were published by: Nasdaq.com which released: “Multi-Color Corporation (LABL) Ex-Dividend Date Scheduled for November 10, 2016” on November 09, 2016. Also Seekingalpha.com published the news titled: “Multi-Color Corp: Labels Are A Good Niche For Many Years Of Roll-Ups” on October 08, 2014. Prnewswire.com‘s news article titled: “Robbins Arroyo LLP Is Investigating the Officers and Directors of Multi-Color …” with publication date: August 25, 2015 was also an interesting one.
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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