Clearwater Paper Corporation (NYSE:CLW) Given Average Recommendation of “Hold” by Analysts

Shares of Clearwater Paper Corporation (NYSE:CLW) have earned a consensus recommendation of “Hold” from the seven research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $17.3333.

Several analysts recently weighed in on the company. TD lowered Clearwater Paper from a “buy” rating to a “hold” rating and decreased their price target for the company from $19.00 to $17.00 in a report on Wednesday, April 29th. Bank of America started coverage on shares of Clearwater Paper in a research note on Thursday. They issued a “buy” rating and a $19.00 target price on the stock. TD Securities cut shares of Clearwater Paper from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 29th. TD Cowen lowered shares of Clearwater Paper from a “buy” rating to a “hold” rating and set a $17.00 price objective on the stock. in a research report on Wednesday, April 29th. Finally, Wall Street Zen downgraded shares of Clearwater Paper from a “hold” rating to a “sell” rating in a research note on Sunday, June 28th.

Clearwater Paper Trading Up 0.1%

CLW opened at $15.93 on Friday. The stock has a 50-day moving average of $15.27 and a 200 day moving average of $15.97. The company has a current ratio of 2.61, a quick ratio of 1.26 and a debt-to-equity ratio of 0.44. Clearwater Paper has a 12 month low of $11.73 and a 12 month high of $30.96. The firm has a market cap of $256.79 million, a P/E ratio of -10.34 and a beta of 0.27.

Clearwater Paper (NYSE:CLW) last issued its quarterly earnings data on Tuesday, April 28th. The basic materials company reported ($1.29) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.32) by $0.03. The business had revenue of $360.30 million for the quarter, compared to the consensus estimate of $363.55 million. Clearwater Paper had a negative return on equity of 3.94% and a negative net margin of 1.63%.

Institutional Trading of Clearwater Paper

A number of hedge funds and other institutional investors have recently bought and sold shares of CLW. Meeder Asset Management Inc. purchased a new stake in shares of Clearwater Paper during the fourth quarter valued at $47,000. Group One Trading LLC lifted its holdings in Clearwater Paper by 184.4% during the 1st quarter. Group One Trading LLC now owns 3,572 shares of the basic materials company’s stock valued at $51,000 after buying an additional 2,316 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Clearwater Paper by 34.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,185 shares of the basic materials company’s stock valued at $60,000 after buying an additional 563 shares in the last quarter. Versant Capital Management Inc boosted its position in Clearwater Paper by 26.4% in the 2nd quarter. Versant Capital Management Inc now owns 4,627 shares of the basic materials company’s stock valued at $73,000 after buying an additional 965 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in Clearwater Paper by 608.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 6,585 shares of the basic materials company’s stock valued at $179,000 after buying an additional 5,656 shares during the period. Hedge funds and other institutional investors own 89.98% of the company’s stock.

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.