Clearwater Paper Corp. (NYSE:CLW)’s share price dropped 4.4% during trading on Friday . The company traded as low as $62.44 and last traded at $65.50, with a volume of 200,152 shares traded. The stock had previously closed at $68.54.

CLW has been the subject of a number of analyst reports. Zacks Investment Research raised Clearwater Paper Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, April 12th. TheStreet raised Clearwater Paper Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, April 28th. DA Davidson downgraded Clearwater Paper Corp. from a “buy” rating to a “neutral” rating and set a $65.00 price objective for the company. in a research report on Thursday, May 12th. They noted that the move was a valuation call. Macquarie reissued an “outperform” rating and set a $75.00 price objective (up from $66.00) on shares of Clearwater Paper Corp. in a research report on Wednesday, June 8th. Finally, Sidoti initiated coverage on Clearwater Paper Corp. in a research report on Wednesday, June 22nd. They set a “buy” rating and a $80.00 price objective for the company. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Clearwater Paper Corp. presently has an average rating of “Hold” and a consensus target price of $69.60.

The firm has a market capitalization of $1.08 billion and a PE ratio of 16.92. The firm has a 50 day moving average of $64.71 and a 200-day moving average of $51.97.

Clearwater Paper Corp. (NYSE:CLW) last released its quarterly earnings data on Thursday, July 21st. The company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.22. The firm earned $436.70 million during the quarter, compared to analysts’ expectations of $437.09 million. On average, equities analysts forecast that Clearwater Paper Corp. will post $4.09 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Trexquant Investment LP purchased a new position in Clearwater Paper Corp. during the fourth quarter worth approximately $1,073,000. Marshall Wace LLP increased its position in Clearwater Paper Corp. by 274.4% in the fourth quarter. Marshall Wace LLP now owns 43,139 shares of the company’s stock worth $1,964,000 after buying an additional 31,617 shares during the period. Morgan Stanley increased its position in Clearwater Paper Corp. by 3.8% in the fourth quarter. Morgan Stanley now owns 46,191 shares of the company’s stock worth $2,103,000 after buying an additional 1,702 shares during the period. New York State Common Retirement Fund increased its position in Clearwater Paper Corp. by 39.1% in the fourth quarter. New York State Common Retirement Fund now owns 79,352 shares of the company’s stock worth $3,613,000 after buying an additional 22,321 shares during the period. Finally, California Public Employees Retirement System increased its position in Clearwater Paper Corp. by 1.6% in the fourth quarter. California Public Employees Retirement System now owns 124,156 shares of the company’s stock worth $5,653,000 after buying an additional 2,000 shares during the period.

Clearwater Paper Corporation manufactures quality consumer tissue, away-from-home (AFH), tissue, parent roll tissue, bleached paperboard and pulp at manufacturing facilities across the nation. The Company is a supplier of private label tissue to retailers and wholesale distributors, including grocery, drug, mass merchants and discount stores.

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