CCL Industries (OTCMKTS:CCDBF) Shares Gap Up – Time to Buy?

CCL Industries Inc. (OTCMKTS:CCDBF) shares gapped up before the market opened on Monday . The stock had previously closed at $65.00, but opened at $73.95. CCL Industries shares last traded at $73.95, with a volume of 2 shares.

Analyst Ratings Changes

A number of brokerages have recently commented on CCDBF. TD Securities reissued a “buy” rating on shares of CCL Industries in a research report on Friday, May 15th. Royal Bank Of Canada reiterated an “outperform” rating on shares of CCL Industries in a research note on Friday, May 15th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, CCL Industries presently has a consensus rating of “Moderate Buy”.

CCL Industries Price Performance

The stock has a market cap of $10.41 billion and a price-to-earnings ratio of 40.63. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.39. The company has a 50-day simple moving average of $62.67 and a two-hundred day simple moving average of $63.09.

CCL Industries (OTCMKTS:CCDBF) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.84 by $0.03. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. CCL Industries had a return on equity of 14.62% and a net margin of 10.37%.

CCL Industries Company Profile

CCL Industries is a global specialty packaging company focused on the design and manufacture of pressure-sensitive and speciality labels, flexible packaging, tubes, and security products. The company serves a wide range of end markets, including consumer goods, healthcare, personal care, food and beverage, automotive, electronics, and industrial markets. Its portfolio comprises pressure-sensitive labels, shrink sleeves, in-mold labels, flexible packaging for food and other consumer products, and security-focused solutions such as tamper-evident seals and authentication systems.

Founded in 1951 and headquartered in Toronto, Ontario, CCL Industries has grown through a combination of organic innovation and strategic acquisitions.