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

CCL Industries Inc. (OTCMKTS:CCDBF) gapped up before the market opened on Tuesday . The stock had previously closed at $59.95, but opened at $62.59. CCL Industries shares last traded at $62.59, with a volume of 8 shares.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of CCL Industries in a report 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 issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

CCL Industries Trading Up 0.5%

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 company’s fifty day moving average is $62.56 and its 200-day moving average is $62.69. The firm has a market capitalization of $9.61 billion and a P/E ratio of 37.40.

CCL Industries (OTCMKTS:CCDBF) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.03. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate 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.