Clearwater Paper Corporation (NYSE:CLW) Receives Average Recommendation of “Hold” from Brokerages

Clearwater Paper Corporation (NYSE:CLW) has been given a consensus rating of “Hold” by the six analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $17.00.

CLW has been the topic of a number of recent research reports. Wall Street Zen cut Clearwater Paper from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Royal Bank Of Canada reduced their price objective on Clearwater Paper from $20.00 to $19.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. Truist Financial restated a “hold” rating and set a $12.00 price objective (down from $15.00) on shares of Clearwater Paper in a research note on Wednesday, April 29th. TD cut Clearwater Paper from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $19.00 to $17.00 in a research note on Wednesday, April 29th. Finally, TD Cowen cut Clearwater Paper from a “buy” rating to a “hold” rating and set a $17.00 price objective on the stock. in a research note on Wednesday, April 29th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of 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 purchasing an additional 390 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Clearwater Paper by 34.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,185 shares of the basic materials company’s stock worth $60,000 after acquiring an additional 563 shares in the last quarter. Verition Fund Management LLC lifted its stake in shares of Clearwater Paper by 4.1% in the fourth quarter. Verition Fund Management LLC now owns 15,900 shares of the basic materials company’s stock worth $277,000 after acquiring an additional 631 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of Clearwater Paper by 7.0% in the fourth 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, GSA Capital Partners LLP lifted its stake in shares of Clearwater Paper by 2.8% in the third quarter. GSA Capital Partners LLP now owns 34,571 shares of the basic materials company’s stock worth $718,000 after acquiring an additional 949 shares in the last quarter. Institutional investors and hedge funds own 89.98% of the company’s stock.

Clearwater Paper Price Performance

CLW stock opened at $13.59 on Friday. The stock has a 50-day moving average price of $14.10 and a two-hundred day moving average price of $16.37. Clearwater Paper has a 12-month low of $11.73 and a 12-month high of $30.96. The company has a current ratio of 2.61, a quick ratio of 1.26 and a debt-to-equity ratio of 0.44. The company has a market cap of $219.02 million, a PE ratio of -8.82 and a beta of 0.21.

Clearwater Paper (NYSE:CLW) last issued its quarterly earnings data on Tuesday, April 28th. The basic materials company reported ($1.29) EPS for the quarter, topping analysts’ consensus estimates of ($1.32) by $0.03. The company had revenue of $360.30 million for the quarter, compared to analysts’ expectations of $363.55 million. Clearwater Paper had a negative return on equity of 3.94% and a negative net margin of 1.63%.

Clearwater Paper Company Profile

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.