KeyBanc analyst Adam Josephson maintained a Sell rating on Multi-Color Corp (LABL) yesterday and set a price target of $41. The company’s shares closed yesterday at $50.94.
Josephson observed:
“We expect the shares to react poorly tomorrow even though the Company confirmed the strategic alternatives review. We think a sale is likely; the question is the price.”
According to TipRanks.com, Josephson is a 4-star analyst with an average return of 8.3% and a 66.2% 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 with a $48 average price target.
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Multi-Color Corp’s market cap is currently $1.03B and has a P/E ratio of 12.21. The company has a Price to Book ratio of 1.43.
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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.
