Clearwater Paper Corporation (NYSE:CLW) Given Consensus Rating of “Hold” by Analysts

Shares of Clearwater Paper Corporation (NYSE:CLW) have received a consensus rating of “Hold” from the five analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $22.25.

A number of research firms have commented on CLW. Truist Financial lowered their target price on shares of Clearwater Paper from $21.00 to $16.00 and set a “hold” rating for the company in a report on Thursday, February 19th. TD Securities decreased their target price on Clearwater Paper from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. Royal Bank Of Canada cut their price target on shares of Clearwater Paper from $25.00 to $23.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Clearwater Paper in a report on Monday, December 29th.

Institutional Trading of Clearwater Paper

A number of large investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Clearwater Paper by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,629 shares of the basic materials company’s stock worth $244,000 after acquiring an additional 390 shares during the period. Caxton Associates LLP bought a new position in Clearwater Paper during the 1st quarter worth about $204,000. Empowered Funds LLC raised its stake in shares of Clearwater Paper by 3.0% in the 1st quarter. Empowered Funds LLC now owns 115,315 shares of the basic materials company’s stock valued at $2,926,000 after purchasing an additional 3,368 shares during the period. XTX Topco Ltd bought a new stake in shares of Clearwater Paper in the second quarter valued at about $771,000. Finally, Russell Investments Group Ltd. raised its position in Clearwater Paper by 93.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 45,171 shares of the basic materials company’s stock valued at $1,230,000 after buying an additional 21,803 shares during the last quarter. Institutional investors own 89.98% of the company’s stock.

Clearwater Paper Stock Performance

NYSE:CLW opened at $14.84 on Friday. The firm has a 50-day moving average price of $15.41 and a 200 day moving average price of $17.70. The company has a quick ratio of 1.13, a current ratio of 2.43 and a debt-to-equity ratio of 0.42. Clearwater Paper has a 12-month low of $12.44 and a 12-month high of $30.96. The firm has a market capitalization of $238.07 million, a PE ratio of -13.25 and a beta of 0.22.

Clearwater Paper (NYSE:CLW) last announced its earnings results on Wednesday, February 18th. The basic materials company reported ($0.42) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.50) by $0.08. Clearwater Paper had a negative return on equity of 2.11% and a negative net margin of 1.20%.The company had revenue of $386.40 million during the quarter, compared to analyst estimates of $379.00 million.

Clearwater Paper Company Profile

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.