CCL Industries (OTCMKTS:CCDBF) Shares Gap Up - Should You Buy?

Key Points

• Shares of CCL Industries gapped up premarket (previous close $65.84, open $68.37) but were last trading lower at $65.10 on very light volume (108 shares).
• The company missed earnings for the quarter, reporting $0.74 EPS versus $0.79 expected and $1.37B revenue versus $1.38B expected.
• Analyst sentiment is mixed—Scotiabank downgraded to "sector perform" while BMO still rates it "outperform"—leaving a MarketBeat average rating of Moderate Buy.

CCL Industries Inc. (OTCMKTS:CCDBF - Get Free Report)'s share price gapped up prior to trading on Friday . The stock had previously closed at $65.84, but opened at $68.37. CCL Industries shares last traded at $65.10, with a volume of 108 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Scotiabank cut CCL Industries from an "outperform" rating to a "sector perform" rating in a report on Thursday, January 29th. BMO Capital Markets restated an "outperform" rating on shares of CCL Industries in a report on Thursday, December 18th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, CCL Industries presently has an average rating of "Moderate Buy".

CCL Industries Price Performance

The firm has a fifty day moving average of $63.46 and a 200-day moving average of $60.14.

CCL Industries (OTCMKTS:CCDBF - Get Free Report) last issued its earnings results on Wednesday, February 25th. The company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.05). The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.38 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.

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