Clearwater Paper Corporation (CLW) – What Are Brokerages Thinking About This Stock?

Shares of Clearwater Paper Corporation (NYSE:CLW) have been assigned a consensus recommendation of “Hold” from the eight analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $19.67.

CLW has been the subject of a number of recent analyst reports. Truist Financial lowered their price target on Clearwater Paper from $20.00 to $17.00 and set a “hold” rating for the company in a research report on Tuesday, October 27th. TD Securities reissued a “hold” rating and set a $20.00 price objective on shares of Clearwater Paper in a research report on Wednesday, July 29th. Royal Bank Of Canada dropped their target price on shares of Clearwater Paper from $23.00 to $22.00 and set an “outperform” rating for the company in a research report on Tuesday, October 27th. Bank of America increased their price target on shares of Clearwater Paper from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, September 11th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Clearwater Paper in a report on Tuesday, November 3rd.

Institutional Investors Weigh In On Clearwater Paper

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Meeder Asset Management Inc. purchased a new stake in shares of Clearwater Paper in the third quarter worth $26,000. Group One Trading LLC bought a new stake in Clearwater Paper during the 2nd quarter valued at about $25,000. Quantbot Technologies LP purchased a new position in Clearwater Paper in the second quarter worth about $27,000. Farther Finance Advisors LLC grew its holdings in shares of Clearwater Paper by 110.7% during the third quarter. Farther Finance Advisors LLC now owns 2,069 shares of the basic materials company’s stock valued at $40,000 after buying an additional 1,087 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in shares of Clearwater Paper by 26.4% during the second quarter. Versant Capital Management Inc now owns 4,627 shares of the basic materials company’s stock valued at $73,000 after acquiring an additional 965 shares in the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Clearwater Paper Stock Performance

NYSE CLW opened at $13.91 on Friday. The firm has a market cap of $224.47 million, a price-to-earnings ratio of 86.91 and a beta of 0.34. The company has a 50-day simple moving average of $18.41 and a two-hundred day simple moving average of $16.91. The company has a quick ratio of 0.98, a current ratio of 1.47 and a debt-to-equity ratio of 0.37. Clearwater Paper has a 12-month low of $11.73 and a 12-month high of $23.59.

Clearwater Paper (NYSE:CLW) last announced its quarterly earnings results on Monday, October 26th. The basic materials company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.07). Clearwater Paper had a negative return on equity of 7.36% and a net margin of 0.16%. The company had revenue of $384.90 million during the quarter, compared to analysts’ expectations of $388.39 million. On average, equities analysts forecast that Clearwater Paper will post -2.80 EPS for the current year.

Clearwater Paper Company Profile

Clearwater Paper Corporation manufactures paperboard and pulp for packaging, printing and other commercial uses. Its paperboard products include grades used in folding cartons, foodservice packaging and liquid packaging, which it sells primarily to converters and other business customers. The company serves customers across North America. Its business focus changed in 2024 when Clearwater Paper sold its tissue operations to Sofidel, leaving paperboard and pulp as its core areas of activity. Clearwater Paper was formed in 2008 from Potlatch Corporation’s pulp and paperboard operations.