Multi Packaging Solutions Intrntnl Ltd (MPSX) Receives Consensus Rating of “Hold” from Brokerages

Shares of Multi Packaging Solutions Intrntnl Ltd (NYSE:MPSX) have received an average recommendation of “Hold” from the seven ratings firms that are currently covering the firm. Six research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $17.00.

MPSX has been the subject of a number of research analyst reports. Bank of America Corp lowered Multi Packaging Solutions Intrntnl from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 7th. They noted that the move was a valuation call. Zacks Investment Research raised Multi Packaging Solutions Intrntnl from a “sell” rating to a “hold” rating in a research note on Wednesday, January 11th. Finally, Credit Suisse Group AG raised Multi Packaging Solutions Intrntnl from an “underperform” rating to a “neutral” rating and set a $18.00 price target for the company in a research note on Tuesday, January 31st.

Multi Packaging Solutions Intrntnl (NYSE:MPSX) opened at 17.86 on Tuesday. The firm’s 50-day moving average is $17.86 and its 200-day moving average is $15.07. Multi Packaging Solutions Intrntnl has a 12-month low of $11.00 and a 12-month high of $17.95. The stock has a market capitalization of $1.39 billion, a P/E ratio of 151.36 and a beta of 1.83.

Multi Packaging Solutions Intrntnl (NYSE:MPSX) last announced its quarterly earnings results on Monday, February 13th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by $0.04. Multi Packaging Solutions Intrntnl had a return on equity of 7.64% and a net margin of 0.58%. The business earned $386.13 million during the quarter, compared to analysts’ expectations of $396.65 million. During the same period in the previous year, the business earned $0.26 EPS. The business’s revenue was down 10.1% compared to the same quarter last year. Analysts predict that Multi Packaging Solutions Intrntnl will post $0.66 EPS for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in MPSX. Eagle Boston Investment Management Inc. raised its stake in shares of Multi Packaging Solutions Intrntnl by 21.6% in the third quarter. Eagle Boston Investment Management Inc. now owns 481,023 shares of the company’s stock worth $6,931,000 after buying an additional 85,574 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of Multi Packaging Solutions Intrntnl by 6.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 3,051,350 shares of the company’s stock worth $43,970,000 after buying an additional 180,775 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Multi Packaging Solutions Intrntnl by 16.9% in the third quarter. Wells Fargo & Company MN now owns 158,094 shares of the company’s stock worth $2,278,000 after buying an additional 22,800 shares during the last quarter. Sei Investments Co. raised its stake in shares of Multi Packaging Solutions Intrntnl by 4.6% in the third quarter. Sei Investments Co. now owns 18,398 shares of the company’s stock worth $265,000 after buying an additional 810 shares during the last quarter. Finally, Ngam Advisors L.P. raised its stake in shares of Multi Packaging Solutions Intrntnl by 5.2% in the third quarter. Ngam Advisors L.P. now owns 294,732 shares of the company’s stock worth $4,247,000 after buying an additional 14,549 shares during the last quarter. 99.18% of the stock is owned by institutional investors.

About Multi Packaging Solutions Intrntnl

Multi Packaging Solutions International Limited is a provider of specialty packaging solutions for the consumer, healthcare and multi-media markets. The Company operates through three segments: North America, Europe and Asia. The Company’s print-based specialty packaging solutions include premium folding cartons, inserts, labels and rigid packaging across a range of substrates and finishes, which are complemented by value-added services, including design, new product development and supply chain solutions.

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