Clearwater Paper Corporation (NYSE:CLW) Given Average Recommendation of “Hold” by Brokerages

Clearwater Paper Corporation (NYSE:CLW) has been assigned an average rating of “Hold” from the eight analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $18.50.

Several research firms recently issued reports on CLW. Royal Bank Of Canada reiterated an “outperform” rating and issued a $21.00 price target on shares of Clearwater Paper in a report on Wednesday, July 29th. Wall Street Zen cut Clearwater Paper from a “hold” rating to a “sell” rating in a research note on Sunday, June 28th. TD downgraded shares of Clearwater Paper from a “buy” rating to a “hold” rating and lowered their target price for the company from $19.00 to $17.00 in a research note on Wednesday, April 29th. Truist Financial increased their price target on Clearwater Paper from $12.00 to $17.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Finally, Bank of America began coverage on shares of Clearwater Paper in a report on Thursday, July 2nd. They set a “buy” rating and a $19.00 price objective on the stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its holdings 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. Meeder Asset Management Inc. acquired a new stake in Clearwater Paper during the 4th quarter valued at $47,000. Group One Trading LLC lifted its stake in shares of Clearwater Paper by 184.4% during the 1st quarter. Group One Trading LLC now owns 3,572 shares of the basic materials company’s stock worth $51,000 after buying an additional 2,316 shares during the last quarter. Versant Capital Management Inc lifted its position in Clearwater Paper by 26.4% during the second quarter. Versant Capital Management Inc now owns 4,627 shares of the basic materials company’s stock worth $73,000 after acquiring an additional 965 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings 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 worth $179,000 after purchasing an additional 5,656 shares during the last quarter. 89.98% of the stock is owned by institutional investors and hedge funds.

Clearwater Paper Price Performance

Clearwater Paper stock opened at $22.71 on Thursday. The business’s fifty day moving average is $16.95 and its two-hundred day moving average is $15.80. The firm has a market cap of $366.31 million, a P/E ratio of -7.47 and a beta of 0.24. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.17 and a current ratio of 2.29. Clearwater Paper has a 52 week low of $11.73 and a 52 week high of $23.32.

Clearwater Paper (NYSE:CLW) last posted its quarterly earnings data on Tuesday, July 28th. The basic materials company reported ($1.75) earnings per share for the quarter, missing the consensus estimate of ($1.49) by ($0.26). The company had revenue of $374.80 million during the quarter, compared to analyst estimates of $374.80 million. Clearwater Paper had a negative net margin of 3.24% and a negative return on equity of 7.95%. Equities research analysts forecast that Clearwater Paper will post -2.95 earnings per share for the current fiscal year.

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.