Clearwater Paper Corporation (NYSE:CLW) Stock Has Average Target Price of $19.50

Shares of Clearwater Paper Corporation (NYSE:CLW) have earned an average rating of “Hold” from the eight analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $19.83.

Several equities research analysts recently commented on CLW shares. Truist Financial boosted their price objective on shares of Clearwater Paper from $12.00 to $17.00 and gave the stock a “hold” rating in a research note on Wednesday, July 15th. Wall Street Zen cut shares of Clearwater Paper from a “hold” rating to a “sell” rating in a report on Sunday, June 28th. Royal Bank Of Canada raised their target price on shares of Clearwater Paper from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday. Zacks Research upgraded shares of Clearwater Paper to a “hold” rating in a report on Monday, July 6th. Finally, TD Securities reiterated a “hold” rating and set a $20.00 target price on shares of Clearwater Paper in a report on Wednesday, July 29th.

Clearwater Paper Price Performance

Shares of CLW stock opened at $18.64 on Tuesday. The company has a quick ratio of 1.17, a current ratio of 2.29 and a debt-to-equity ratio of 0.45. The stock has a market cap of $300.63 million, a price-to-earnings ratio of -6.13 and a beta of 0.33. The business’s fifty day moving average is $20.50 and its 200 day moving average is $17.61. Clearwater Paper has a twelve month low of $11.73 and a twelve month high of $23.59.

Clearwater Paper (NYSE:CLW) last released its earnings results on Tuesday, July 28th. The basic materials company reported ($1.75) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.49) by ($0.26). The business had revenue of $374.80 million during the quarter, compared to analysts’ expectations of $374.80 million. Clearwater Paper had a negative return on equity of 7.95% and a negative net margin of 3.24%. Research analysts expect that Clearwater Paper will post -2.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Group One Trading LLC bought a new stake in Clearwater Paper in the second quarter worth $25,000. Quantbot Technologies LP purchased a new stake in shares of Clearwater Paper in the second quarter worth $27,000. Farther Finance Advisors LLC increased its holdings in shares of Clearwater Paper by 110.7% during the third quarter. Farther Finance Advisors LLC now owns 2,069 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 1,087 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Clearwater Paper by 26.4% during the second quarter. Versant Capital Management Inc now owns 4,627 shares of the basic materials company’s stock valued at $73,000 after acquiring an additional 965 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new position in shares of Clearwater Paper during the second quarter valued at $210,000. Institutional investors own 89.98% of the company’s stock.

Clearwater Paper Company Profile

Clearwater Paper Corporation (NYSE: CLW) is a manufacturer of bleached paperboard products serving customers primarily in North America. Its paperboard is used in a range of consumer and commercial applications, including folding cartons, food and beverage packaging, liquid packaging, pharmaceutical packaging, and personal care products.

The company operates paperboard manufacturing facilities in the United States and supplies products to packaging converters, brand owners, and other industrial customers.