Zacks Investment Research upgraded shares of Clearwater Paper (NYSE:CLW) from a strong sell rating to a hold rating in a research report report published on Tuesday.

According to Zacks, “Clearwater Paper,a standalone company,produces pulp and paperboard at six facilities across the country namely Lewiston, Idaho; Las Vegas, Nev.; Elwood, Ill.; and near McGehee, Ark. The company manufactures quality paperboard, consumer tissue, and wood products.It has direct access to the public capital markets .The company is a premier supplier of private label tissue to major retail grocery chains, and also produces bleached paperboard used by quality-conscious printers and packaging converters. “

Separately, KeyCorp reiterated a hold rating on shares of Clearwater Paper in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Clearwater Paper has an average rating of Hold and a consensus price target of $60.00.

Clearwater Paper (NYSE CLW) remained flat at $$46.20 during mid-day trading on Tuesday. 24,552 shares of the company’s stock traded hands, compared to its average volume of 95,512. Clearwater Paper has a 1-year low of $42.20 and a 1-year high of $68.40. The company has a quick ratio of 0.43, a current ratio of 1.11 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $774.84, a PE ratio of 22.35, a price-to-earnings-growth ratio of 4.25 and a beta of 1.02.

Clearwater Paper (NYSE:CLW) last posted its quarterly earnings data on Thursday, October 19th. The basic materials company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.14 by $0.18. The company had revenue of $426.50 million during the quarter, compared to analyst estimates of $426.87 million. Clearwater Paper had a net margin of 1.50% and a return on equity of 7.38%. Clearwater Paper’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 earnings per share. sell-side analysts expect that Clearwater Paper will post 2.22 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Clearwater Paper by 1.5% in the second quarter. Vanguard Group Inc. now owns 1,540,226 shares of the basic materials company’s stock valued at $72,006,000 after purchasing an additional 22,090 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Clearwater Paper by 2.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,351,987 shares of the basic materials company’s stock valued at $66,586,000 after purchasing an additional 35,387 shares during the last quarter. State Street Corp grew its stake in shares of Clearwater Paper by 3.0% during the second quarter. State Street Corp now owns 426,527 shares of the basic materials company’s stock worth $19,939,000 after acquiring an additional 12,257 shares during the last quarter. Wedge Capital Management L L P NC grew its stake in shares of Clearwater Paper by 27.9% during the second quarter. Wedge Capital Management L L P NC now owns 394,107 shares of the basic materials company’s stock worth $18,425,000 after acquiring an additional 86,035 shares during the last quarter. Finally, Capital World Investors purchased a new stake in shares of Clearwater Paper during the second quarter worth about $18,233,000. Institutional investors own 86.21% of the company’s stock.

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About Clearwater Paper

Clearwater Paper Corporation manufactures consumer tissue, away-from-home (AFH) tissue, parent roll tissue, bleached paperboard and pulp at manufacturing facilities across the nation. The Company operates through two segments: Consumer Products segment, and Pulp and Paperboard segment. The Company’s Consumer Products segment manufactures and sells a line of at-home tissue products, as well as AFH products.

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