Clearwater Paper Corporation (NYSE:CLW) Receives $17.00 Consensus Target Price from Analysts

Shares of Clearwater Paper Corporation (NYSE:CLW) have been given a consensus recommendation of “Hold” by the six brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $17.00.

CLW has been the subject of a number of research reports. Truist Financial restated a “hold” rating and issued a $12.00 target price (down from $15.00) on shares of Clearwater Paper in a research note on Wednesday, April 29th. Wall Street Zen cut Clearwater Paper from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Royal Bank Of Canada decreased their price target on Clearwater Paper from $20.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. TD Cowen cut Clearwater Paper from a “buy” rating to a “hold” rating and set a $17.00 price target on the stock. in a report on Wednesday, April 29th. Finally, TD cut 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.

Clearwater Paper Stock Performance

Shares of NYSE:CLW opened at $17.36 on Wednesday. Clearwater Paper has a twelve month low of $11.73 and a twelve month high of $30.96. The firm has a market cap of $279.78 million, a PE ratio of -11.27 and a beta of 0.27. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.26 and a current ratio of 2.61. The business has a fifty day moving average of $14.93 and a 200-day moving average of $16.11.

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

Hedge Funds Weigh In On Clearwater Paper

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Optiver Holding B.V. bought a new stake in shares of Clearwater Paper in the 3rd quarter valued at about $44,000. Tower Research Capital LLC TRC boosted its stake 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 worth $60,000 after acquiring an additional 563 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in Clearwater Paper during the fourth quarter valued at approximately $47,000. Group One Trading LLC grew its holdings in 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 purchasing an additional 2,316 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in Clearwater Paper by 608.8% in the second quarter. BNP Paribas Financial Markets now owns 6,585 shares of the basic materials company’s stock valued at $179,000 after purchasing an additional 5,656 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.