CCL Industries (OTCMKTS:CCDBF) Hits New 12-Month High – What’s Next?

CCL Industries Inc. (OTCMKTS:CCDBF) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $75.17 and last traded at $75.17, with a volume of 8 shares trading hands. The stock had previously closed at $64.94.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CCDBF. Royal Bank Of Canada reiterated an “outperform” rating on shares of CCL Industries in a research note on Friday, May 15th. TD Securities restated a “buy” rating on shares of CCL Industries in a report on Friday, May 15th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

CCL Industries Stock Performance

The company has a market cap of $10.36 billion and a PE ratio of 40.42. 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 business has a 50-day moving average of $62.44 and a 200 day moving average of $62.86.

CCL Industries (OTCMKTS:CCDBF) last posted its earnings results on Wednesday, May 13th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates 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 14.62% and a net margin of 10.37%.

CCL Industries Company Profile

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.