CCL Industries (OTCMKTS:CCDBF) Shares Up 7.4% – What’s Next?

CCL Industries Inc. (OTCMKTS:CCDBF)’s stock price shot up 7.4% during mid-day trading on Monday . The stock traded as high as $68.0850 and last traded at $68.03. 42 shares traded hands during trading, a decline of 98% from the average session volume of 2,072 shares. The stock had previously closed at $63.34.

Wall Street Analyst Weigh In

Several research firms have issued reports on CCDBF. Scotiabank downgraded CCL Industries from an “outperform” rating to a “sector perform” rating in a report on Thursday, January 29th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of CCL Industries in a report on Friday. Finally, TD Securities reaffirmed a “buy” rating on shares of CCL Industries in a report on Friday. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, CCL Industries currently has a consensus rating of “Moderate Buy”.

CCL Industries Stock Performance

The stock has a 50 day moving average price of $62.89 and a two-hundred day moving average price of $62.23. The company has a current ratio of 1.42, a quick ratio of 1.07 and a debt-to-equity ratio of 0.27. The company has a market cap of $10.36 billion and a price-to-earnings ratio of 39.98.

CCL Industries (OTCMKTS:CCDBF) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.03. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. CCL Industries had a return on equity of 14.71% 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.