Brokerages Set Clearwater Paper Corporation (NYSE:CLW) PT at $30.00

Clearwater Paper Corporation (NYSE:CLW) has received an average rating of “Moderate Buy” from the five research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $30.00.

Several equities analysts have recently weighed in on CLW shares. TD Securities set a $30.00 price target on Clearwater Paper and gave the company a “buy” rating in a report on Monday, September 22nd. Weiss Ratings restated a “sell (d+)” rating on shares of Clearwater Paper in a research note on Monday, December 29th. TD Cowen began coverage on shares of Clearwater Paper in a research note on Monday, September 22nd. They issued a “buy” rating and a $30.00 target price on the stock. Wall Street Zen upgraded shares of Clearwater Paper from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Royal Bank Of Canada decreased their price objective on shares of Clearwater Paper from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th.

Insider Buying and Selling at Clearwater Paper

In other news, VP Steve M. Bowden sold 8,889 shares of the company’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $18.14, for a total transaction of $161,246.46. Following the transaction, the vice president directly owned 68,516 shares of the company’s stock, valued at $1,242,880.24. This represents a 11.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.55% of the stock is owned by corporate insiders.

Institutional Trading of Clearwater Paper

Large investors have recently modified their holdings of the company. UBS Group AG lifted its position in shares of Clearwater Paper by 228.3% during the 3rd quarter. UBS Group AG now owns 258,186 shares of the basic materials company’s stock valued at $5,360,000 after buying an additional 179,539 shares in the last quarter. Invenomic Capital Management LP bought a new position in shares of Clearwater Paper in the third quarter worth approximately $3,121,000. Readystate Asset Management LP increased its stake in shares of Clearwater Paper by 19.2% in the third quarter. Readystate Asset Management LP now owns 762,138 shares of the basic materials company’s stock worth $15,822,000 after purchasing an additional 122,688 shares in the last quarter. Peapod Lane Capital LLC lifted its stake in shares of Clearwater Paper by 177.8% during the 3rd quarter. Peapod Lane Capital LLC now owns 165,388 shares of the basic materials company’s stock valued at $3,433,000 after buying an additional 105,850 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in Clearwater Paper by 125.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 189,558 shares of the basic materials company’s stock worth $5,164,000 after buying an additional 105,645 shares during the period. Institutional investors own 89.98% of the company’s stock.

Clearwater Paper Stock Performance

Shares of CLW opened at $20.12 on Friday. The company has a quick ratio of 0.88, a current ratio of 2.10 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average price is $18.24 and its 200-day moving average price is $21.09. Clearwater Paper has a 52 week low of $16.44 and a 52 week high of $33.56. The stock has a market cap of $322.68 million, a P/E ratio of 2.39 and a beta of 0.20.

Clearwater Paper (NYSE:CLW) last posted its quarterly earnings data on Tuesday, October 28th. The basic materials company reported ($0.51) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.02. Clearwater Paper had a negative return on equity of 3.65% and a net margin of 9.14%.The company had revenue of $399.00 million during the quarter, compared to analyst estimates of $387.86 million.

About Clearwater Paper

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.