Clearwater Paper Corporation (NYSE:CLW) Receives $17.00 Consensus Target Price from Analysts

Shares of Clearwater Paper Corporation (NYSE:CLW) have received a consensus rating of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $17.00.

A number of research analysts have recently commented on the company. Royal Bank Of Canada dropped their price objective on Clearwater Paper from $20.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. TD Cowen downgraded Clearwater Paper from a “buy” rating to a “hold” rating and set a $17.00 price objective on the stock. in a report on Wednesday, April 29th. Wall Street Zen downgraded Clearwater Paper from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Clearwater Paper in a report on Friday, May 8th. Finally, TD Securities downgraded Clearwater Paper from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 29th.

Clearwater Paper Trading Down 0.2%

CLW opened at $17.64 on Wednesday. Clearwater Paper has a one year low of $11.73 and a one year high of $30.96. The company has a market cap of $284.43 million, a P/E ratio of -11.45 and a beta of 0.27. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.26 and a current ratio of 2.61. The business’s 50-day simple moving average is $14.83 and its 200-day simple moving average is $16.12.

Clearwater Paper (NYSE:CLW) last released its quarterly earnings data on Tuesday, April 28th. The basic materials company reported ($1.29) EPS for the quarter, beating analysts’ consensus estimates of ($1.32) by $0.03. Clearwater Paper had a negative return on equity of 3.94% and a negative net margin of 1.63%.The business had revenue of $360.30 million for the quarter, compared to the consensus estimate of $363.55 million.

Institutional Trading of Clearwater Paper

Large investors have recently made changes to their positions in the company. Optiver Holding B.V. acquired a new stake in shares of Clearwater Paper in the 3rd quarter valued at about $44,000. Tower Research Capital LLC TRC boosted 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 purchasing an additional 563 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Clearwater Paper in the 4th quarter valued at about $47,000. Group One Trading LLC boosted its position in shares of Clearwater Paper by 184.4% in the 1st quarter. Group One Trading LLC now owns 3,572 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 2,316 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in shares of Clearwater Paper by 608.8% in 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. 89.98% of the stock is owned by institutional investors and hedge funds.

About Clearwater Paper

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.