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

Shares of CCL Industries Inc. (OTCMKTS:CCDBF) gapped up prior to trading on Friday . The stock had previously closed at $65.61, but opened at $69.85. CCL Industries shares last traded at $69.85, with a volume of 100 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Royal Bank Of Canada reissued 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 research note on Friday, May 15th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of CCL Industries in a research report on Tuesday, July 21st. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, CCL Industries currently has an average rating of “Moderate Buy”.

CCL Industries Trading Up 2.0%

The business’s 50-day moving average price is $64.05 and its two-hundred day moving average price is $63.52. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.39 and a quick ratio of 1.05. The firm has a market cap of $11.05 billion and a price-to-earnings ratio of 43.63.

CCL Industries (OTCMKTS:CCDBF) last announced its earnings results on Wednesday, August 12th. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.10. CCL Industries had a net margin of 10.27% and a return on equity of 14.78%. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.43 billion.

About CCL Industries

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.