CCL Industries (OTCMKTS:CCDBF) Shares Gap Up – Here’s What Happened

CCL Industries Inc. (OTCMKTS:CCDBF) gapped up prior to trading 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 trading hands.

Analysts Set New Price Targets

Several research analysts recently commented on the company. TD Securities reissued a “buy” rating on shares of CCL Industries in a research note on Friday, May 15th. Royal Bank Of Canada reissued an “outperform” rating on shares of CCL Industries in a research note on Friday, May 15th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy”.

CCL Industries Trading Up 1.0%

The firm has a market capitalization of $9.76 billion and a PE ratio of 38.01. 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 business has a fifty day moving average price of $62.48 and a two-hundred day moving average price of $62.69.

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

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.