TD Securities Analysts Give Clearwater Paper (NYSE:CLW) a $30.00 Price Target

TD Securities set a $30.00 price objective on Clearwater Paper (NYSE:CLW) in a research note released on Monday, MarketBeat.com reports. The brokerage currently has a buy rating on the basic materials company’s stock.

A number of other brokerages have also commented on CLW. Cowen started coverage on Clearwater Paper in a research report on Monday. They issued a “buy” rating for the company. TD Cowen began coverage on shares of Clearwater Paper in a report on Monday. They set a “buy” rating and a $30.00 target price for the company. Wall Street Zen upgraded shares of Clearwater Paper from a “sell” rating to a “hold” rating in a research report on Monday, September 15th. Finally, Royal Bank Of Canada cut their price target on Clearwater Paper from $37.00 to $36.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 30th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $32.00.

Clearwater Paper Stock Performance

CLW stock opened at $21.03 on Monday. The company has a 50 day moving average price of $23.18 and a 200 day moving average price of $25.58. Clearwater Paper has a fifty-two week low of $20.84 and a fifty-two week high of $33.56. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.97 and a quick ratio of 0.87. The stock has a market capitalization of $338.53 million, a PE ratio of 1.74 and a beta of 0.12.

Clearwater Paper (NYSE:CLW) last released its earnings results on Tuesday, July 29th. The basic materials company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.51). The firm had revenue of $391.80 million during the quarter, compared to analyst estimates of $397.00 million. Clearwater Paper had a net margin of 12.98% and a negative return on equity of 4.11%.

Institutional Trading of Clearwater Paper

A number of large investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new stake in Clearwater Paper during the 1st quarter worth $239,000. Jacobs Levy Equity Management Inc. increased its holdings in shares of Clearwater Paper by 109.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 111,396 shares of the basic materials company’s stock worth $2,826,000 after acquiring an additional 58,104 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Clearwater Paper by 21.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 233,474 shares of the basic materials company’s stock worth $5,923,000 after purchasing an additional 41,633 shares during the period. Vanguard Group Inc. grew its position in shares of Clearwater Paper by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 1,142,392 shares of the basic materials company’s stock valued at $28,982,000 after purchasing an additional 20,936 shares during the period. Finally, Seven Six Capital Management LLC raised its holdings in Clearwater Paper by 30.0% during the 1st quarter. Seven Six Capital Management LLC now owns 86,959 shares of the basic materials company’s stock worth $2,206,000 after buying an additional 20,050 shares during the period. Institutional investors own 89.98% of the company’s stock.

Clearwater Paper Company Profile

Clearwater Paper Corporation manufactures and supplies bleached paperboards, and consumer and parent roll tissues in the United States and internationally. It operates through Pulp and Paperboard, and Consumer Products segments. The Pulp and Paperboard segment manufactures and markets bleached paperboard; Solid Bleached Sulfate paperboard that is used to produce folding cartons, liquid packaging, cups and plates, blister and carded packaging, and top sheet and commercial printing items; and hardwood and softwood pulp, as well as offers services that include custom sheeting, slitting, and cutting.