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

CLW has been the topic of several research reports. Zacks Investment Research upgraded shares of Clearwater Paper Corp. from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Monday, May 2nd. TheStreet upgraded shares of Clearwater Paper Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, April 28th. Vertical Group downgraded shares of Clearwater Paper Corp. to a “hold” rating in a research note on Friday. DA Davidson downgraded shares of Clearwater Paper Corp. from a “buy” rating to a “neutral” rating and set a $65.00 price objective on the stock. in a research note on Thursday, May 12th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada increased their price objective on shares of Clearwater Paper Corp. from $56.00 to $60.00 and gave the stock a “sector perform” rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $69.60.

The company has a market cap of $1.08 billion and a P/E ratio of 16.92. The firm’s 50 day moving average price is $64.70 and its 200-day moving average price is $52.10.

Clearwater Paper Corp. (NYSE:CLW) last released its earnings results on Thursday, July 21st. The company reported $1.37 EPS for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.22. The business had revenue of $436.70 million for the quarter, compared to the consensus estimate of $437.09 million. Analysts anticipate that Clearwater Paper Corp. will post $3.90 earnings per share for the current year.

Several large investors have added to or reduced their stakes in CLW. Trexquant Investment LP acquired a new stake in Clearwater Paper Corp. during the fourth quarter worth approximately $1,073,000. Rhumbline Advisers boosted its stake in Clearwater Paper Corp. by 8.1% in the fourth quarter. Rhumbline Advisers now owns 26,753 shares of the company’s stock worth $1,218,000 after buying an additional 1,995 shares during the last quarter. Marshall Wace LLP boosted its stake 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 last quarter. New York State Common Retirement Fund boosted its stake 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 last quarter. Finally, California Public Employees Retirement System boosted its stake 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 last quarter.

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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