Brokerages Set Clearwater Paper Corporation (NYSE:CLW) Target Price at $30.00

Clearwater Paper Corporation (NYSE:CLW) has received a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $30.00.

Several analysts recently issued reports on the stock. TD Cowen started coverage on shares of Clearwater Paper in a research report on Monday, September 22nd. They issued a “buy” rating and a $30.00 price target for the company. Royal Bank Of Canada lowered their price objective on shares of Clearwater Paper from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. Wall Street Zen upgraded shares of Clearwater Paper from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings reissued a “sell (d)” rating on shares of Clearwater Paper in a research report on Monday, December 15th. Finally, Cowen assumed coverage on shares of Clearwater Paper in a report on Monday, September 22nd. They issued a “buy” rating on the stock.

Clearwater Paper Stock Performance

Shares of CLW opened at $17.93 on Wednesday. Clearwater Paper has a one year low of $16.44 and a one year high of $33.56. The company has a market cap of $287.60 million, a PE ratio of 2.13 and a beta of 0.21. The stock has a 50-day moving average of $18.25 and a 200-day moving average of $22.18. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.10 and a quick ratio of 0.88.

Clearwater Paper (NYSE:CLW) last announced its quarterly earnings results on Thursday, March 7th. The basic materials company reported ($0.30) earnings per share (EPS) for the quarter. Clearwater Paper had a negative return on equity of 3.65% and a net margin of 9.14%.The firm had revenue of ($358.30) million during the quarter.

Insider Activity at Clearwater Paper

In other news, VP Steve M. Bowden sold 8,889 shares of the firm’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $18.14, for a total value of $161,246.46. Following the transaction, the vice president owned 68,516 shares in the company, valued at $1,242,880.24. This trade represents a 11.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.55% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Clearwater Paper

Institutional investors and hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Clearwater Paper by 4.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,629 shares of the basic materials company’s stock valued at $244,000 after acquiring an additional 390 shares in the last quarter. Woodmont Investment Counsel LLC raised its holdings in shares of Clearwater Paper by 1.3% in the second quarter. Woodmont Investment Counsel LLC now owns 40,170 shares of the basic materials company’s stock valued at $1,094,000 after purchasing an additional 500 shares during the last quarter. Invesco Ltd. lifted its position in shares of Clearwater Paper by 0.7% during the first quarter. Invesco Ltd. now owns 68,191 shares of the basic materials company’s stock valued at $1,730,000 after purchasing an additional 501 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Clearwater Paper by 34.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,185 shares of the basic materials company’s stock worth $60,000 after purchasing an additional 563 shares during the last quarter. Finally, SummerHaven Investment Management LLC boosted its holdings in Clearwater Paper by 3.3% during the second quarter. SummerHaven Investment Management LLC now owns 17,623 shares of the basic materials company’s stock worth $480,000 after purchasing an additional 567 shares during the last quarter. 89.98% of the stock is owned by hedge funds and other institutional investors.

Clearwater Paper Company Profile

Clearwater Paper Corporation is an independent manufacturer of premium tissue and pulp and paperboard products for private-label and commercial customers in North America. The company operates through two core segments: Consumer Products, which produces bathroom tissue, paper towels and other away-from-home tissue products under private-label contracts; and Pulp & Paperboard, which supplies bleached paperboard used in folding cartons, foodservice packaging and specialty paper applications.

The Consumer Products segment services retail grocers, warehouse clubs, online merchants and janitorial distributors, leveraging multiple converting facilities to produce roll and folded tissue items for both household and institutional use.