Clearwater Paper Corporation (NYSE:CLW) Receives Consensus Rating of “Hold” from Brokerages

Clearwater Paper Corporation (NYSE:CLW) has received a consensus rating of “Hold” from the seven analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $17.3333.

Several equities analysts have recently commented on CLW shares. TD Cowen lowered Clearwater Paper from a “buy” rating to a “hold” rating and set a $17.00 price target on the stock. in a research note on Wednesday, April 29th. Bank of America started coverage on shares of Clearwater Paper in a research note on Thursday. They issued a “buy” rating and a $19.00 price objective for the company. Royal Bank Of Canada dropped their target price on shares of Clearwater Paper from $20.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. Wall Street Zen downgraded shares of Clearwater Paper from a “hold” rating to a “sell” rating in a research report on Sunday, June 28th. Finally, Truist Financial restated a “hold” rating and issued a $12.00 price target (down from $15.00) on shares of Clearwater Paper in a report on Wednesday, April 29th.

Clearwater Paper Stock Up 0.1%

Shares of NYSE:CLW opened at $15.93 on Friday. The business’s 50 day moving average is $15.27 and its 200 day moving average is $15.97. The stock has a market cap of $256.79 million, a P/E ratio of -10.34 and a beta of 0.27. Clearwater Paper has a 52-week low of $11.73 and a 52-week high of $30.96. 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, 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 business had revenue of $360.30 million during the quarter, compared to analyst estimates of $363.55 million.

Hedge Funds Weigh In On Clearwater Paper

Large investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Clearwater Paper by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,629 shares of the basic materials company’s stock worth $244,000 after buying an additional 390 shares during the period. Tower Research Capital LLC TRC boosted its position 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 valued at $60,000 after acquiring an additional 563 shares in the last quarter. Verition Fund Management LLC increased its holdings in shares of Clearwater Paper by 4.1% in the 4th quarter. Verition Fund Management LLC now owns 15,900 shares of the basic materials company’s stock valued at $277,000 after acquiring an additional 631 shares during the period. Deutsche Bank AG raised its position in shares of Clearwater Paper by 7.0% in the 4th quarter. Deutsche Bank AG now owns 12,319 shares of the basic materials company’s stock worth $214,000 after acquiring an additional 802 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in shares of Clearwater Paper by 26.4% in the 2nd quarter. Versant Capital Management Inc now owns 4,627 shares of the basic materials company’s stock worth $73,000 after acquiring an additional 965 shares in the last quarter. Institutional investors own 89.98% of the company’s stock.

About Clearwater Paper

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.