Clearwater Paper (NYSE:CLW) Price Target Raised to $25.00

Clearwater Paper (NYSE:CLW) had its price objective upped by Bank of America from $24.00 to $25.00 in a research note issued to investors on Friday,Benzinga reports. Bank of America currently has a neutral rating on the basic materials company’s stock.

Several other equities research analysts have also recently weighed in on CLW. Royal Bank Of Canada reissued an “outperform” rating and issued a $21.00 price objective on shares of Clearwater Paper in a research report on Wednesday, July 29th. Truist Financial boosted their target price on shares of Clearwater Paper from $12.00 to $17.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th. TD Securities reiterated a “hold” rating and set a $20.00 target price on shares of Clearwater Paper in a research note on Wednesday, July 29th. Weiss Ratings reissued a “sell (d)” rating on shares of Clearwater Paper in a report on Wednesday, August 5th. Finally, Zacks Research upgraded shares of Clearwater Paper to a “hold” rating in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Clearwater Paper presently has an average rating of “Hold” and an average target price of $19.50.

Clearwater Paper Stock Performance

Shares of CLW opened at $20.23 on Friday. The company has a market capitalization of $326.36 million, a PE ratio of -6.66 and a beta of 0.22. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.29 and a quick ratio of 1.17. Clearwater Paper has a one year low of $11.73 and a one year high of $23.59. The company’s fifty day moving average price is $19.58 and its 200 day moving average price is $16.52.

Clearwater Paper (NYSE:CLW) last released its quarterly earnings results on Tuesday, July 28th. The basic materials company reported ($1.75) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.49) by ($0.26). Clearwater Paper had a negative net margin of 3.24% and a negative return on equity of 7.95%. The firm had revenue of $374.80 million for the quarter, compared to the consensus estimate of $374.80 million. As a group, analysts expect that Clearwater Paper will post -2.95 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Group One Trading LLC bought a new position in Clearwater Paper in the second quarter worth $25,000. Quantbot Technologies LP bought a new stake in Clearwater Paper in the 2nd quarter valued at $27,000. Tower Research Capital LLC TRC increased its holdings in Clearwater Paper by 34.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,185 shares of the basic materials company’s stock valued at $60,000 after buying an additional 563 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Clearwater Paper in the 4th quarter valued at $47,000. Finally, California State Teachers Retirement System lifted its holdings in shares of Clearwater Paper by 305.0% during the 2nd quarter. California State Teachers Retirement System now owns 3,418 shares of the basic materials company’s stock worth $54,000 after acquiring an additional 2,574 shares during the period. 89.98% of the stock is currently owned by institutional investors and hedge funds.

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.