CCL Industries (OTCMKTS:CCDBF) Trading Up 7% – Still a Buy?

CCL Industries Inc. (OTCMKTS:CCDBF)’s share price traded up 7% during trading on Friday . The company traded as high as $68.6360 and last traded at $68.6360. 118 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 454 shares. The stock had previously closed at $64.12.

Analyst Ratings Changes

Several research firms recently commented on CCDBF. Scotiabank cut CCL Industries from an “outperform” rating to a “sector perform” rating in a research report on Thursday, January 29th. BMO Capital Markets restated an “outperform” rating on shares of CCL Industries in a research note on Thursday, December 18th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, CCL Industries currently has a consensus rating of “Moderate Buy”.

CCL Industries Trading Up 7.0%

The company has a fifty day simple moving average of $63.03 and a 200-day simple moving average of $59.81.

CCL Industries (OTCMKTS:CCDBF) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.05). The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations 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.