Clearwater Paper Corporation (NYSE:CLW) Receives Average Recommendation of “Moderate Buy” from Brokerages

Clearwater Paper Corporation (NYSE:CLW) has been assigned an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $32.00.

A number of research analysts recently issued reports on CLW shares. TD Cowen started coverage on Clearwater Paper in a research report on Monday, September 22nd. They set a “buy” rating and a $30.00 price objective for the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Clearwater Paper in a research note on Saturday, September 27th. Wall Street Zen downgraded Clearwater Paper from a “hold” rating to a “sell” rating in a research note on Friday, September 26th. TD Securities set a $30.00 target price on Clearwater Paper and gave the company a “buy” rating in a research note on Monday, September 22nd. Finally, Cowen started coverage on Clearwater Paper in a research note on Monday, September 22nd. They set a “buy” rating on the stock.

Institutional Trading of Clearwater Paper

A number of hedge funds and other institutional investors have recently modified their holdings of CLW. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Clearwater Paper by 2.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,038 shares of the basic materials company’s stock worth $1,341,000 after buying an additional 877 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Clearwater Paper by 2,384.8% in the 1st quarter. GAMMA Investing LLC now owns 3,603 shares of the basic materials company’s stock worth $91,000 after buying an additional 3,458 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Clearwater Paper by 5,906.0% in the 1st quarter. Harbor Capital Advisors Inc. now owns 4,985 shares of the basic materials company’s stock worth $126,000 after buying an additional 4,902 shares in the last quarter. SummerHaven Investment Management LLC raised its stake in shares of Clearwater Paper by 2.7% in the 1st quarter. SummerHaven Investment Management LLC now owns 17,056 shares of the basic materials company’s stock worth $433,000 after buying an additional 448 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of Clearwater Paper in the 1st quarter worth $152,000. Institutional investors own 89.98% of the company’s stock.

Clearwater Paper Trading Down 2.4%

NYSE:CLW opened at $19.61 on Friday. Clearwater Paper has a 12-month low of $19.57 and a 12-month high of $33.56. The firm has a market capitalization of $315.69 million, a P/E ratio of 1.63 and a beta of 0.17. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.97 and a quick ratio of 0.87. The business has a 50 day simple moving average of $21.60 and a 200 day simple moving average of $25.38.

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

Clearwater Paper Company Profile

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.