CCL Industries (OTCMKTS:CCDBF) Shares Gap Up – Should You Buy?

CCL Industries Inc. (OTCMKTS:CCDBF)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $63.7050, but opened at $67.9299. CCL Industries shares last traded at $67.9299, with a volume of 14 shares changing hands.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CCDBF shares. BMO Capital Markets reiterated an “outperform” rating on shares of CCL Industries in a research report on Thursday, December 18th. Scotiabank cut shares of CCL Industries from an “outperform” rating to a “sector perform” rating in a research report on Thursday, January 29th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

CCL Industries Price Performance

The stock has a market capitalization of $10.20 billion and a P/E ratio of 85.35. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.07 and a current ratio of 1.42. The stock has a 50-day simple moving average of $63.41 and a 200 day simple moving average of $60.71.

CCL Industries (OTCMKTS:CCDBF) last released its earnings results on Wednesday, February 25th. The company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.05). CCL Industries had a return on equity of 14.69% and a net margin of 10.47%.The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.38 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.