Clearwater Paper (NYSE:CLW) Price Target Raised to $42.00 at Royal Bank of Canada

Clearwater Paper (NYSE:CLW) had its price target boosted by Royal Bank of Canada from $41.00 to $42.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have a sector perform rating on the basic materials company’s stock.

Separately, StockNews.com downgraded shares of Clearwater Paper from a strong-buy rating to a buy rating in a research report on Thursday, February 22nd.

Clearwater Paper Trading Up 0.8 %

NYSE CLW opened at $45.22 on Tuesday. The stock has a market cap of $754.27 million, a P/E ratio of 7.56 and a beta of 0.51. The company has a current ratio of 1.91, a quick ratio of 0.85 and a debt-to-equity ratio of 0.65. Clearwater Paper has a 12-month low of $29.22 and a 12-month high of $47.98. The company has a fifty day simple moving average of $41.10 and a two-hundred day simple moving average of $37.27.

Clearwater Paper (NYSE:CLW) last issued its quarterly earnings results on Monday, April 29th. The basic materials company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.32. The company had revenue of $496.20 million during the quarter. Clearwater Paper had a return on equity of 17.35% and a net margin of 4.92%. During the same period in the prior year, the firm posted $1.47 EPS.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. TD Asset Management Inc increased its holdings in shares of Clearwater Paper by 11.2% during the 3rd quarter. TD Asset Management Inc now owns 18,900 shares of the basic materials company’s stock valued at $685,000 after purchasing an additional 1,900 shares in the last quarter. Panagora Asset Management Inc. increased its holdings in Clearwater Paper by 6.4% in the third quarter. Panagora Asset Management Inc. now owns 99,392 shares of the basic materials company’s stock valued at $3,603,000 after buying an additional 5,980 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Clearwater Paper by 47.2% in the third quarter. Assenagon Asset Management S.A. now owns 153,165 shares of the basic materials company’s stock worth $5,552,000 after acquiring an additional 49,141 shares during the period. Versor Investments LP purchased a new stake in shares of Clearwater Paper during the 3rd quarter worth about $358,000. Finally, Illinois Municipal Retirement Fund acquired a new stake in shares of Clearwater Paper during the 3rd quarter valued at about $379,000. 89.98% of the stock is owned by institutional investors and hedge funds.

Clearwater Paper Company Profile

Clearwater Paper Corporation manufactures and supplies bleached paperboards, and consumer and parent roll tissues in the United States and internationally. It operates through Pulp and Paperboard, and Consumer Products segments. The Pulp and Paperboard segment manufactures and markets bleached paperboard; Solid Bleached Sulfate paperboard that is used to produce folding cartons, liquid packaging, cups and plates, blister and carded packaging, and top sheet and commercial printing items; and hardwood and softwood pulp, as well as offers services that include custom sheeting, slitting, and cutting.