Clearwater Paper Corporation (NYSE:CLW) Stock Has Average Price Target of $19.50

Clearwater Paper Corporation (NYSE:CLW) has earned a consensus rating of “Hold” from the eight research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $19.83.

A number of research analysts have issued reports on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Clearwater Paper in a research report on Wednesday, August 5th. Wall Street Zen lowered Clearwater Paper from a “hold” rating to a “sell” rating in a report on Sunday, June 28th. TD Securities reaffirmed a “hold” rating and issued a $20.00 price objective on shares of Clearwater Paper in a report on Wednesday, July 29th. Truist Financial upped their price target on shares of Clearwater Paper from $12.00 to $17.00 and gave the stock a “hold” rating in a research note on Wednesday, July 15th. Finally, Zacks Research upgraded shares of Clearwater Paper to a “hold” rating in a report on Monday, July 6th.

Institutional Investors Weigh In On Clearwater Paper

A number of institutional investors have recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC bought a new position in shares of Clearwater Paper during the 3rd quarter valued at about $318,000. Farther Finance Advisors LLC grew its stake in shares of Clearwater Paper by 110.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,069 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 1,087 shares during the last quarter. Corient Private Wealth LP raised its holdings in shares of Clearwater Paper by 2.4% in the 2nd quarter. Corient Private Wealth LP now owns 23,100 shares of the basic materials company’s stock worth $362,000 after purchasing an additional 542 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Clearwater Paper in the 2nd quarter worth approximately $1,303,000. Finally, Jefferies Financial Group Inc. bought a new stake in shares of Clearwater Paper in the 2nd quarter worth approximately $1,014,000. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Clearwater Paper Stock Performance

CLW stock opened at $19.30 on Tuesday. Clearwater Paper has a 1 year low of $11.73 and a 1 year high of $23.59. The stock has a market capitalization of $311.34 million, a price-to-earnings ratio of -6.35 and a beta of 0.33. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.17 and a current ratio of 2.29. The stock’s fifty day moving average is $20.58 and its two-hundred day moving average is $17.56.

Clearwater Paper (NYSE:CLW) last released its quarterly earnings results on Tuesday, July 28th. The basic materials company reported ($1.75) EPS for the quarter, missing the consensus estimate of ($1.49) by ($0.26). The firm had revenue of $374.80 million for the quarter, compared to the consensus estimate of $374.80 million. Clearwater Paper had a negative return on equity of 7.95% and a negative net margin of 3.24%. On average, research analysts predict that Clearwater Paper will post -2.33 EPS for the current year.

Clearwater Paper Company Profile

Clearwater Paper Corporation (NYSE: CLW) is a manufacturer of bleached paperboard products serving customers primarily in North America. Its paperboard is used in a range of consumer and commercial applications, including folding cartons, food and beverage packaging, liquid packaging, pharmaceutical packaging, and personal care products.

The company operates paperboard manufacturing facilities in the United States and supplies products to packaging converters, brand owners, and other industrial customers.