Clearwater Paper Corporation (NYSE:CLW) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Clearwater Paper Corporation (NYSE:CLW) have been assigned an average recommendation of “Moderate Buy” from the five analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $30.00.

Several research firms have issued reports on CLW. TD Securities set a $30.00 price objective on Clearwater Paper and gave the stock a “buy” rating in a report on Monday, September 22nd. Cowen began coverage on Clearwater Paper in a research report on Monday, September 22nd. They issued a “buy” rating for the company. Weiss Ratings restated a “sell (d)” rating on shares of Clearwater Paper in a research report on Thursday, November 13th. Wall Street Zen raised shares of Clearwater Paper from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, TD Cowen initiated coverage on shares of Clearwater Paper in a research note on Monday, September 22nd. They set a “buy” rating and a $30.00 price target for the company.

Clearwater Paper Stock Performance

Clearwater Paper stock opened at $17.25 on Friday. The stock has a 50-day simple moving average of $19.39 and a 200 day simple moving average of $23.91. The stock has a market capitalization of $276.63 million, a price-to-earnings ratio of 2.05 and a beta of 0.16. The company has a quick ratio of 0.88, a current ratio of 2.10 and a debt-to-equity ratio of 0.43. Clearwater Paper has a 12-month low of $16.53 and a 12-month high of $33.56.

Clearwater Paper (NYSE:CLW) last announced its earnings results on Thursday, March 7th. The basic materials company reported ($0.30) earnings per share for the quarter. Clearwater Paper had a negative return on equity of 3.65% and a net margin of 9.14%.The company had revenue of ($358.30) million during the quarter.

Hedge Funds Weigh In On Clearwater Paper

Several institutional investors have recently modified their holdings of CLW. Optiver Holding B.V. bought a new position in Clearwater Paper during the 3rd quarter worth approximately $44,000. Tower Research Capital LLC TRC boosted its position in shares of Clearwater Paper by 34.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,185 shares of the basic materials company’s stock worth $60,000 after purchasing an additional 563 shares in the last quarter. CWM LLC grew its holdings in shares of Clearwater Paper by 2,215.1% in the 2nd quarter. CWM LLC now owns 3,380 shares of the basic materials company’s stock valued at $92,000 after buying an additional 3,234 shares during the period. Summit Securities Group LLC bought a new stake in shares of Clearwater Paper in the 1st quarter valued at $98,000. Finally, SG Americas Securities LLC acquired a new stake in Clearwater Paper during the 3rd quarter worth $114,000. 89.98% of the stock is currently owned by institutional investors and hedge funds.

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.