Shares of Clearwater Paper Corp (NYSE:CLW) have been assigned an average recommendation of “Hold” from the ten analysts that are covering the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $68.75.
Several equities analysts have issued reports on CLW shares. KeyCorp started coverage on shares of Clearwater Paper Corp in a report on Wednesday, November 30th. They issued an “equal weight” rating on the stock. Royal Bank of Canada lowered shares of Clearwater Paper Corp from a “sector perform” rating to an “underperform” rating and set a $60.00 price target on the stock. in a report on Friday, January 6th. Zacks Investment Research raised shares of Clearwater Paper Corp from a “strong sell” rating to a “hold” rating in a report on Monday, January 16th. Vetr lowered shares of Clearwater Paper Corp from a “buy” rating to a “hold” rating and set a $60.00 price target on the stock. in a report on Tuesday, January 17th. Finally, DA Davidson raised shares of Clearwater Paper Corp from a “neutral” rating to a “buy” rating in a report on Tuesday, January 31st.
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A number of institutional investors have recently added to or reduced their stakes in CLW. Public Employees Retirement System of Ohio raised its position in Clearwater Paper Corp by 906.7% in the second quarter. Public Employees Retirement System of Ohio now owns 26,737 shares of the company’s stock valued at $1,748,000 after buying an additional 24,081 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Clearwater Paper Corp by 4,376.9% in the second quarter. IFP Advisors Inc now owns 1,746 shares of the company’s stock worth $114,000 after buying an additional 1,707 shares during the period. Macquarie Group Ltd. raised its stake in shares of Clearwater Paper Corp by 4.4% in the second quarter. Macquarie Group Ltd. now owns 835,056 shares of the company’s stock worth $54,588,000 after buying an additional 35,199 shares during the period. Acadian Asset Management LLC raised its stake in shares of Clearwater Paper Corp by 57.7% in the third quarter. Acadian Asset Management LLC now owns 6,183 shares of the company’s stock worth $400,000 after buying an additional 2,262 shares during the period. Finally, Great West Life Assurance Co. Can raised its stake in shares of Clearwater Paper Corp by 2.6% in the third quarter. Great West Life Assurance Co. Can now owns 22,875 shares of the company’s stock worth $1,478,000 after buying an additional 589 shares during the period. 89.25% of the stock is currently owned by institutional investors and hedge funds.
Clearwater Paper Corp (NYSE:CLW) opened at 56.30 on Thursday. The company has a market capitalization of $926.87 million, a PE ratio of 19.41 and a beta of 1.06. Clearwater Paper Corp has a 12-month low of $46.66 and a 12-month high of $69.75. The stock’s 50 day moving average price is $58.02 and its 200 day moving average price is $61.24.
Clearwater Paper Corp (NYSE:CLW) last released its quarterly earnings results on Wednesday, February 8th. The company reported $0.82 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by $0.06. Clearwater Paper Corp had a return on equity of 11.85% and a net margin of 2.86%. The firm earned $425.60 million during the quarter, compared to analysts’ expectations of $407.08 million. During the same period in the prior year, the firm posted $0.75 earnings per share. Clearwater Paper Corp’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, equities analysts anticipate that Clearwater Paper Corp will post $3.54 EPS for the current fiscal year.
About Clearwater Paper Corp
Clearwater Paper Corporation manufactures quality consumer tissue, away-from-home (AFH), tissue, parent roll tissue, bleached paperboard and pulp at manufacturing facilities across the nation. The Company is a supplier of private label tissue to retailers and wholesale distributors, including grocery, drug, mass merchants and discount stores.
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