Clearwater Paper (NYSE:CLW) PT Set at $30.00 by TD Securities

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

CLW has been the subject of several other research reports. TD Cowen assumed coverage on Clearwater Paper in a report on Monday. They issued a “buy” rating and a $30.00 price objective for the company. Wall Street Zen raised Clearwater Paper from a “sell” rating to a “hold” rating in a research report on Monday, September 15th. Royal Bank Of Canada decreased their price target on Clearwater Paper from $37.00 to $36.00 and set an “outperform” rating for the company in a research note on Wednesday, July 30th. Finally, Cowen assumed coverage on Clearwater Paper in a research note on Monday. They set a “buy” rating on the stock. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Clearwater Paper presently has an average rating of “Buy” and a consensus price target of $32.00.

Clearwater Paper Price Performance

NYSE CLW opened at $21.03 on Monday. The firm’s 50 day moving average is $23.18 and its 200-day moving average is $25.58. The company has a quick ratio of 0.87, a current ratio of 1.97 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $338.53 million, a PE ratio of 1.74 and a beta of 0.12. Clearwater Paper has a 12-month low of $20.84 and a 12-month high of $33.56.

Clearwater Paper (NYSE:CLW) last announced 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). Clearwater Paper had a negative return on equity of 4.11% and a net margin of 12.98%.The business had revenue of $391.80 million for the quarter, compared to analyst estimates of $397.00 million.

Institutional Trading of Clearwater Paper

Hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC increased its holdings in shares of Clearwater Paper by 34.7% during the 2nd 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 during the last quarter. Elite Financial Inc. acquired a new stake in Clearwater Paper during the 1st quarter valued at $74,000. GAMMA Investing LLC boosted its position in Clearwater Paper by 2,384.8% during the first quarter. GAMMA Investing LLC now owns 3,603 shares of the basic materials company’s stock worth $91,000 after purchasing an additional 3,458 shares during the period. CWM LLC increased its holdings in shares of Clearwater Paper by 2,215.1% in the second quarter. CWM LLC now owns 3,380 shares of the basic materials company’s stock valued at $92,000 after purchasing an additional 3,234 shares during the last quarter. Finally, Summit Securities Group LLC bought a new position in shares of Clearwater Paper in the first quarter valued at about $98,000. 89.98% of the stock is 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.