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

CCL Industries Inc. (OTCMKTS:CCDBF)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $63.6350, but opened at $74.31. CCL Industries shares last traded at $63.1850, with a volume of 120 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. TD Securities reaffirmed a “buy” rating on shares of CCL Industries in a research note on Friday, May 15th. Royal Bank Of Canada restated 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 company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

CCL Industries Stock Performance

The company has a debt-to-equity ratio of 0.29, a current ratio of 1.39 and a quick ratio of 1.05. The stock has a fifty day simple moving average of $62.72 and a two-hundred day simple moving average of $63.10. The firm has a market capitalization of $10.04 billion and a P/E ratio of 39.19.

CCL Industries (OTCMKTS:CCDBF) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. The firm had revenue of $1.39 billion for 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%.

About CCL Industries

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.