Clearwater Paper Corporation (NYSE:CLW) Receives $22.25 Average Price Target from Analysts

Shares of Clearwater Paper Corporation (NYSE:CLW) have been given a consensus recommendation of “Hold” by the five research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $22.25.

CLW has been the subject of a number of research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Clearwater Paper in a report on Monday, December 29th. Truist Financial dropped their price objective on shares of Clearwater Paper from $21.00 to $16.00 and set a “hold” rating on the stock in a report on Thursday, February 19th. TD Securities cut their price objective on shares of Clearwater Paper from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. Finally, Royal Bank Of Canada reduced their target price on shares of Clearwater Paper from $25.00 to $23.00 and set an “outperform” rating for the company in a research note on Friday, February 20th.

Clearwater Paper Stock Up 2.3%

Shares of CLW stock opened at $14.35 on Friday. Clearwater Paper has a 12 month low of $12.44 and a 12 month high of $30.96. The firm has a market cap of $230.09 million, a PE ratio of -12.81 and a beta of 0.23. The stock has a 50 day moving average of $15.56 and a 200-day moving average of $17.74. 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 (NYSE:CLW) last posted its quarterly earnings data on Wednesday, February 18th. The basic materials company reported ($0.42) earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $379.00 million.

Institutional Trading of Clearwater Paper

A number of hedge funds have recently modified their holdings of CLW. Hsbc Holdings PLC acquired a new position in Clearwater Paper in the fourth quarter worth about $341,000. Susquehanna Portfolio Strategies LLC boosted its holdings in Clearwater Paper by 185.4% during the fourth quarter. Susquehanna Portfolio Strategies LLC now owns 28,162 shares of the basic materials company’s stock valued at $490,000 after purchasing an additional 18,293 shares in the last quarter. Numerai GP LLC grew its stake in shares of Clearwater Paper by 3.0% in the 4th quarter. Numerai GP LLC now owns 60,535 shares of the basic materials company’s stock valued at $1,053,000 after purchasing an additional 1,772 shares during the period. Millennium Management LLC grew its stake in shares of Clearwater Paper by 158.1% in the 4th quarter. Millennium Management LLC now owns 360,795 shares of the basic materials company’s stock valued at $6,278,000 after purchasing an additional 221,029 shares during the period. Finally, Man Group plc raised its holdings in shares of Clearwater Paper by 74.9% in the 4th quarter. Man Group plc now owns 71,272 shares of the basic materials company’s stock worth $1,240,000 after buying an additional 30,514 shares in the last quarter. 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.