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

Clearwater Paper Corporation (NYSE:CLW) has earned a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $17.00.

A number of equities research analysts have weighed in on the company. Truist Financial reiterated a “hold” rating and issued a $12.00 target price (down from $15.00) on shares of Clearwater Paper in a report on Wednesday, April 29th. TD Securities downgraded Clearwater Paper from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 29th. Wall Street Zen downgraded Clearwater Paper from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. TD Cowen downgraded shares of Clearwater Paper from a “buy” rating to a “hold” rating and set a $17.00 price target for the company. in a research note on Wednesday, April 29th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Clearwater Paper in a research note on Friday, May 8th.

Clearwater Paper Price Performance

Shares of NYSE CLW opened at $16.33 on Wednesday. Clearwater Paper has a twelve month low of $11.73 and a twelve month high of $30.96. The firm has a fifty day simple moving average of $14.67 and a 200 day simple moving average of $16.12. The company has a market capitalization of $263.26 million, a PE ratio of -10.60 and a beta of 0.27. The company has a quick ratio of 1.26, a current ratio of 2.61 and a debt-to-equity ratio of 0.44.

Clearwater Paper (NYSE:CLW) last issued its earnings results on Tuesday, April 28th. The basic materials company reported ($1.29) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.32) by $0.03. The business had revenue of $360.30 million during 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 Investors Weigh In On Clearwater Paper

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Optiver Holding B.V. bought a new stake in Clearwater Paper in the third quarter valued at $44,000. Meeder Asset Management Inc. bought a new stake in shares of Clearwater Paper during the fourth quarter valued at approximately $47,000. Group One Trading LLC increased its holdings in shares of Clearwater Paper by 184.4% during the first quarter. Group One Trading LLC now owns 3,572 shares of the basic materials company’s stock valued at $51,000 after acquiring an additional 2,316 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Clearwater Paper by 34.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,185 shares of the basic materials company’s stock valued at $60,000 after acquiring an additional 563 shares in the last quarter. Finally, New York State Common Retirement Fund increased its holdings in shares of Clearwater Paper by 104.9% during the third quarter. New York State Common Retirement Fund now owns 6,838 shares of the basic materials company’s stock valued at $142,000 after acquiring an additional 3,500 shares in the last quarter. 89.98% of the stock is owned by institutional investors.

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.