CCL Industries (TSE:CCL.A) Sets New 12-Month High – Still a Buy?

CCL Industries Inc. (TSE:CCL.A) hit a new 52-week high on Friday . The company traded as high as C$90.85 and last traded at C$90.85, with a volume of 100 shares. The stock had previously closed at C$87.75.

CCL Industries Stock Performance

The stock has a market capitalization of C$15.59 billion, a price-to-earnings ratio of 19.69 and a beta of 0.45. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. The stock’s 50 day moving average is C$86.72 and its two-hundred day moving average is C$83.90.

CCL Industries (TSE:CCL.A) last announced its earnings results on Wednesday, February 25th. The company reported C$0.99 earnings per share for the quarter. The firm had revenue of C$1.88 billion during the quarter. CCL Industries had a net margin of 9.80% and a return on equity of 14.28%. Analysts expect that CCL Industries Inc. will post 4.6352097 earnings per share for the current fiscal year.

About CCL Industries

CCL Industries Inc manufactures and sells packaging and packaging-related products. The company operates through various segments, which include The CCL segment, which generates the majority of revenue, sells pressure sensitive and extruded film materials used for labels on consumer packaging, healthcare, automotive, and consumer durable products. The Avery segment sells software, labels, tags, dividers, badges, and specialty card products under the Avery brand. The Checkpoint segment includes the manufacturing and selling of technology-driven, inventory management and labeling solutions.