CCL Industries (OTCMKTS:CCDBF) Sets New 52-Week High – Still a Buy?

CCL Industries Inc. (OTCMKTS:CCDBF) hit a new 52-week high on Tuesday . The company traded as high as $74.77 and last traded at $65.54, with a volume of 113 shares. The stock had previously closed at $65.19.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CCDBF shares. TD Securities reiterated a “buy” rating on shares of CCL Industries in a report on Friday, May 15th. Royal Bank Of Canada reiterated an “outperform” rating on shares of CCL Industries in a report on Friday, May 15th. Finally, Scotiabank cut CCL Industries from an “outperform” rating to a “sector perform” rating in a report on Thursday, January 29th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

CCL Industries Price Performance

The business has a fifty day moving average price of $63.05 and a 200-day moving average price of $62.50. The company has a current ratio of 1.42, a quick ratio of 1.07 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $10.45 billion and a PE ratio of 40.71.

CCL Industries (OTCMKTS:CCDBF) last posted its quarterly earnings data 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. CCL Industries had a return on equity of 14.71% and a net margin of 10.37%.The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.39 billion.

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.