CCL Industries (OTCMKTS:CCDBF) Shares Gap Up – Still a Buy?

CCL Industries Inc. (OTCMKTS:CCDBF)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $63.6350, but opened at $74.31. CCL Industries shares last traded at $63.1850, with a volume of 120 shares.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CCDBF shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of CCL Industries in a research note on Friday, May 15th. TD Securities reaffirmed a “buy” rating on shares of CCL Industries in a report on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

CCL Industries Stock Up 0.6%

The company has a current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. The stock has a 50 day simple moving average of $62.80 and a 200 day simple moving average of $63.10. The firm has a market capitalization of $10.13 billion and a PE ratio of 39.52.

CCL Industries (OTCMKTS:CCDBF) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. CCL Industries had a net margin of 10.37% and a return on equity of 14.62%.

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.