Clearwater Paper (NYSE:CLW) Stock Rating Lowered by StockNews.com

Clearwater Paper (NYSE:CLW) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Separately, Royal Bank of Canada boosted their target price on shares of Clearwater Paper from $42.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Wednesday.

Clearwater Paper Stock Down 7.4 %

CLW stock traded down $2.61 during trading hours on Thursday, hitting $32.60. The company’s stock had a trading volume of 538,940 shares, compared to its average volume of 179,293. The company has a quick ratio of 0.82, a current ratio of 1.91 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $543.70 million, a PE ratio of 5.44 and a beta of 0.40. Clearwater Paper has a 12 month low of $31.38 and a 12 month high of $57.13. The stock has a 50 day moving average price of $49.51 and a two-hundred day moving average price of $44.19.

Institutional Trading of Clearwater Paper

Several large investors have recently modified their holdings of CLW. GAMMA Investing LLC bought a new stake in shares of Clearwater Paper during the 4th quarter worth $29,000. Innealta Capital LLC bought a new stake in Clearwater Paper in the 2nd quarter valued at $52,000. SG Americas Securities LLC bought a new stake in Clearwater Paper in the 1st quarter valued at $132,000. DekaBank Deutsche Girozentrale bought a new stake in Clearwater Paper in the 2nd quarter valued at $153,000. Finally, Meeder Asset Management Inc. bought a new stake in Clearwater Paper in the 1st quarter valued at $211,000. 89.98% of the stock is owned by institutional investors.

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.