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

CCL Industries Inc. (OTCMKTS:CCDBF)’s share price gapped up prior to trading on Friday . The stock had previously closed at $65.61, but opened at $69.85. CCL Industries shares last traded at $69.85, with a volume of 100 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of CCL Industries in a research note on Tuesday, July 21st. Royal Bank Of Canada reiterated an “outperform” rating on shares of CCL Industries in a research note on Friday, May 15th. Finally, TD Securities reissued a “buy” rating on shares of CCL Industries in a report on Friday, May 15th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

CCL Industries Stock Up 2.0%

The stock has a market capitalization of $11.05 billion and a PE ratio of 43.63. The firm has a 50 day moving average of $64.05 and a two-hundred day moving average of $63.52. The company has a current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29.

CCL Industries (OTCMKTS:CCDBF) last posted its earnings results on Wednesday, August 12th. The company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.10. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.43 billion. CCL Industries had a return on equity of 14.78% and a net margin of 10.27%.

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.