Media headlines about Multi-Color (NASDAQ:LABL) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Multi-Color earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave news stories about the business services provider an impact score of 45.3688856278721 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several analysts recently weighed in on the company. Sidoti raised Multi-Color from a “neutral” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Monday, March 5th. TheStreet lowered Multi-Color from a “b-” rating to a “c+” rating in a report on Monday, March 5th. BidaskClub lowered Multi-Color from a “sell” rating to a “strong sell” rating in a report on Friday, December 15th. Zacks Investment Research raised Multi-Color from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Friday, January 19th. Finally, Robert W. Baird lowered their price objective on Multi-Color from $80.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, February 7th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Multi-Color currently has a consensus rating of “Hold” and a consensus target price of $77.40.
Multi-Color (LABL) opened at $69.65 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.94 and a debt-to-equity ratio of 2.21. Multi-Color has a 52 week low of $61.90 and a 52 week high of $89.70. The company has a market capitalization of $1,423.85, a P/E ratio of 18.62 and a beta of 0.93.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th were paid a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.20 dividend on an annualized basis and a yield of 0.29%. Multi-Color’s payout ratio is currently 5.35%.
In other Multi-Color news, Director Robert R. Buck sold 9,530 shares of Multi-Color stock in a transaction that occurred on 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 transaction, the director now directly owns 17,441 shares in the company, valued at $1,256,798.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ari J. Benacerraf bought 4,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was bought at an average price of $65.20 per share, with a total value of $260,800.00. The disclosure for this purchase can be found here. Insiders own 19.40% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Somewhat Positive Media Coverage Somewhat Unlikely to Affect Multi-Color (LABL) Stock Price” was published by Markets Daily and is the sole property of of Markets Daily. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright laws. The original version of this piece of content can be viewed at https://www.themarketsdaily.com/2018/03/11/somewhat-positive-media-coverage-somewhat-unlikely-to-affect-multi-color-labl-stock-price.html.
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.
Receive News & Ratings for Multi-Color Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Multi-Color and related companies with MarketBeat.com's FREE daily email newsletter.