Press coverage about Multi-Color (NASDAQ:LABL) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Multi-Color earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned press coverage about the business services provider an impact score of 45.3017919595187 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Several equities research analysts have commented on LABL shares. Robert W. Baird reaffirmed a “hold” rating and issued a $80.00 price target on shares of Multi-Color in a report on Friday, November 10th. BidaskClub raised shares of Multi-Color from a “strong sell” rating to a “sell” rating in a report on Friday. Zacks Investment Research raised shares of Multi-Color from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a report on Monday, September 4th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $88.00 price target on shares of Multi-Color in a report on Monday, September 25th. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $82.75.
Multi-Color (NASDAQ LABL) traded down $0.45 during trading hours on Tuesday, reaching $73.95. 33,236 shares of the company’s stock traded hands, compared to its average volume of 74,000. Multi-Color has a one year low of $63.05 and a one year high of $88.25. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.48 and a current ratio of 1.96. The stock has a market capitalization of $1,520.78, a price-to-earnings ratio of 21.81 and a beta of 0.73.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were given a $0.05 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.27%. Multi-Color’s dividend payout ratio (DPR) is currently 5.90%.
In other news, CEO Michael Julian Henry acquired 1,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was acquired at an average price of $71.03 per share, for a total transaction of $71,030.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nigel A. Vinecombe sold 14,699 shares of the company’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $82.09, for a total transaction of $1,206,640.91. Following the completion of the transaction, the insider now owns 54,309 shares of the company’s stock, valued at approximately $4,458,225.81. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,994 shares of company stock valued at $2,776,964. Insiders own 19.40% of the company’s stock.
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.
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