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

CCL Industries Inc. (OTCMKTS:CCDBF)’s share price gapped up prior to trading 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 changing hands.

Wall Street Analyst Weigh In

CCDBF has been the subject of a number of research analyst reports. TD Securities restated a “buy” rating on shares of CCL Industries in a report on Friday, May 15th. Royal Bank Of Canada reissued an “outperform” 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 issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

CCL Industries Stock Up 12.4%

The firm’s 50 day simple moving average is $62.62 and its two-hundred day simple moving average is $63.03. The firm has a market cap of $11.77 billion and a price-to-earnings ratio of 45.93. The company has a current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29.

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

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.