Clearwater Paper (NYSE:CLW) Research Coverage Started at TD Cowen

TD Cowen assumed coverage on shares of Clearwater Paper (NYSE:CLW) in a report released on Monday, Marketbeat.com reports. The brokerage issued a buy rating and a $30.00 price objective on the basic materials company’s stock.

CLW has been the topic of a number of other research reports. Royal Bank Of Canada decreased their target price on shares of Clearwater Paper from $37.00 to $36.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 30th. Wall Street Zen raised Clearwater Paper from a “sell” rating to a “hold” rating in a report on Monday, September 15th. Finally, Cowen assumed coverage on Clearwater Paper in a research report on Monday. They set a “buy” rating on the stock. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, Clearwater Paper has a consensus rating of “Buy” and an average target price of $32.00.

Clearwater Paper Stock Down 1.5%

Shares of NYSE CLW opened at $21.03 on Monday. The company has a market cap of $338.53 million, a price-to-earnings ratio of 1.74 and a beta of 0.12. The company has a current ratio of 1.97, a quick ratio of 0.87 and a debt-to-equity ratio of 0.39. Clearwater Paper has a 12 month low of $20.84 and a 12 month high of $33.56. The stock has a 50-day moving average price of $23.18 and a two-hundred day moving average price of $25.58.

Clearwater Paper (NYSE:CLW) last posted its quarterly earnings results on Tuesday, July 29th. The basic materials company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.51). The company had revenue of $391.80 million during the quarter, compared to analyst estimates of $397.00 million. Clearwater Paper had a net margin of 12.98% and a negative return on equity of 4.11%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC grew its position in shares of Clearwater Paper by 34.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,185 shares of the basic materials company’s stock valued at $60,000 after buying an additional 563 shares during the last quarter. Corient Private Wealth LLC acquired a new position in shares of Clearwater Paper in the second quarter worth approximately $589,000. Vident Advisory LLC bought a new stake in Clearwater Paper in the second quarter valued at approximately $394,000. BNP Paribas Financial Markets increased its position in Clearwater Paper by 608.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 6,585 shares of the basic materials company’s stock valued at $179,000 after purchasing an additional 5,656 shares during the period. Finally, Balyasny Asset Management L.P. bought a new position in Clearwater Paper during the 2nd quarter worth approximately $512,000. 89.98% of the stock is owned by institutional investors.

About Clearwater Paper

Clearwater Paper Corporation manufactures and supplies bleached paperboards, and consumer and parent roll tissues in the United States and internationally. It operates through Pulp and Paperboard, and Consumer Products segments. The Pulp and Paperboard segment manufactures and markets bleached paperboard; Solid Bleached Sulfate paperboard that is used to produce folding cartons, liquid packaging, cups and plates, blister and carded packaging, and top sheet and commercial printing items; and hardwood and softwood pulp, as well as offers services that include custom sheeting, slitting, and cutting.