CCL Industries Inc. (OTCMKTS:CCDBF – Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday following a stronger than expected earnings report. The company traded as high as $76.98 and last traded at $76.98, with a volume of 113 shares. The stock had previously closed at $70.42.
The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.93 by $0.04. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.48 billion. CCL Industries had a net margin of 10.27% and a return on equity of 14.75%.
Analyst Ratings Changes
Several research firms have recently weighed in on CCDBF. Royal Bank Of Canada reissued an “outperform” rating on shares of CCL Industries in a report on Friday, August 14th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of CCL Industries in a report on Tuesday, October 27th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.
View Our Latest Stock Analysis on CCL Industries
CCL Industries Price Performance
The company has a 50-day simple moving average of $68.04 and a 200-day simple moving average of $64.92. The stock has a market cap of $11.27 billion and a PE ratio of 28.08. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.39 and a quick ratio of 1.01.
About CCL Industries
CCL Industries is a Canadian company that develops and manufactures specialty labels, packaging materials and related products for customers across a range of industries. Its offerings include pressure-sensitive labels, shrink sleeves, in-mold labels, tags and RFID-enabled solutions used to identify, decorate and track products. The company also makes specialty films and materials, and provides consumer and retail products such as labels and office supplies through its Avery business. Its Checkpoint operations offer loss-prevention and inventory-management solutions for retailers.
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