KeyBanc Keeps Their Hold Rating on Multi-Color Corp (LABL)


In a report released today, Adam Josephson from KeyBanc reiterated a Hold rating on Multi-Color Corp (NASDAQ: LABL). The company’s shares opened today at $62.50, close to its 52-week low of $61.45.

Josephson commented:

“We are also slightly reducing our FY19 and FY20 free cash flow estimates from $100 million to $93 million (FY19 guidance is ~$100 million). LABL’s shares are trading at 9.4x our CY18 adj. EBITDA estimate, roughly in line with its three-year average multiple, which we think is reasonable and not inexpensive given the Company’s high leverage and inconsistent execution. We reiterate our Sector Weight rating.”

According to TipRanks.com, Josephson is a 4-star analyst with an average return of 7.3% and a 63.3% success rate. Josephson covers the Consumer Goods sector, focusing on stocks such as International Paper Co, Avery Dennison Corp, and Graphic Packaging.

The word on The Street in general, suggests a Hold analyst consensus rating for Multi-Color Corp.

See today’s analyst top recommended stocks >>

The company has a one-year high of $89.70 and a one-year low of $61.45. Currently, Multi-Color Corp has an average volume of 118.4K.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock. Most recently, in June 2018, Sharon Birkett, the CFO of LABL sold 13,500 shares for a total of $930,150.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Multi-Color Corp. engages in the provision of label solutions supporting various industries such as home and personal care, wine and spirit, food and beverage, healthcare and specialty consumer products. It operates through the Consumer Product Goods; Wine and Spirits; and Food and Beverage segments.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts