CCL Industries (OTCMKTS:CCDBF) Trading Up 7.4% – Still a Buy?

CCL Industries Inc. (OTCMKTS:CCDBF) rose 7.4% on Monday . The stock traded as high as $68.0850 and last traded at $68.03. Approximately 42 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 2,072 shares. The stock had previously closed at $63.34.

Wall Street Analysts Forecast Growth

CCDBF has been the topic of several recent analyst reports. Scotiabank downgraded CCL Industries from an “outperform” rating to a “sector perform” rating in a report on Thursday, January 29th. TD Securities reaffirmed a “buy” rating on shares of CCL Industries in a research note on Friday. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of CCL Industries in a research note on Friday. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

CCL Industries Price Performance

The firm has a fifty day simple moving average of $62.96 and a 200 day simple moving average of $62.13. The company has a market capitalization of $10.19 billion and a PE ratio of 85.59. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.07 and a current ratio of 1.42.

CCL Industries (OTCMKTS:CCDBF) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.84 by $0.03. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. CCL Industries had a return on equity of 14.71% 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.