CCL Industries (TSE:CCL.A) Hits New 12-Month High - Time to Buy?

Key Points

• 52-week high: CCL Industries shares reached a new 52-week high of C$90.85 on Friday (previous close C$87.75) on very light volume (100 shares).
• Solid fundamentals and recent results: The company has a C$15.59B market cap and a P/E of 19.69, with moderate leverage (debt/equity 48.08) and healthy liquidity (quick ratio 1.31, current ratio 1.96); last quarter EPS was C$0.99 with a 9.8% net margin and ROE of 14.28%, and analysts forecast about C$4.64 EPS for the year.

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

CCL Industries Stock Performance

The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. The stock's 50-day moving average is C$86.72 and its 200 day moving average is C$83.90. The firm has a market cap of C$15.59 billion, a P/E ratio of 19.69 and a beta of 0.45.

CCL Industries (TSE:CCL.A - Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The company reported C$0.99 EPS for the quarter. CCL Industries had a net margin of 9.80% and a return on equity of 14.28%. The business had revenue of C$1.88 billion during the quarter. On average, research analysts predict that CCL Industries Inc. will post 4.6352097 earnings per share for the current 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.

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