Clearwater Paper Corporation (NYSE:CLW) Receives $32.00 Average Price Target from Analysts

Shares of Clearwater Paper Corporation (NYSE:CLW) have been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $30.00.

A number of equities analysts recently commented on CLW shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Clearwater Paper in a research note on Wednesday, October 8th. Royal Bank Of Canada cut their price target on Clearwater Paper from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday. TD Cowen assumed coverage on Clearwater Paper in a research note on Monday, September 22nd. They set a “buy” rating and a $30.00 price target on the stock. Wall Street Zen lowered Clearwater Paper from a “hold” rating to a “sell” rating in a research note on Friday, September 26th. Finally, TD Securities set a $30.00 price target on Clearwater Paper and gave the company a “buy” rating in a research note on Monday, September 22nd.

Institutional Trading of Clearwater Paper

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Clearwater Paper by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 1,142,392 shares of the basic materials company’s stock valued at $28,982,000 after acquiring an additional 20,936 shares during the period. Nuveen LLC acquired a new stake in Clearwater Paper during the 1st quarter valued at $15,314,000. Readystate Asset Management LP grew its holdings in Clearwater Paper by 56.7% during the 1st quarter. Readystate Asset Management LP now owns 580,856 shares of the basic materials company’s stock valued at $14,736,000 after buying an additional 210,141 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Clearwater Paper by 7.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 303,177 shares of the basic materials company’s stock valued at $8,259,000 after buying an additional 20,184 shares during the last quarter. Finally, Anchor Capital Management Company LLC lifted its stake in shares of Clearwater Paper by 14.9% during the 2nd quarter. Anchor Capital Management Company LLC now owns 285,053 shares of the basic materials company’s stock worth $7,765,000 after purchasing an additional 37,000 shares during the period. 89.98% of the stock is owned by hedge funds and other institutional investors.

Clearwater Paper Stock Down 0.2%

Shares of Clearwater Paper stock opened at $17.63 on Tuesday. The company has a current ratio of 2.10, a quick ratio of 0.87 and a debt-to-equity ratio of 0.43. The company’s fifty day simple moving average is $20.57 and its two-hundred day simple moving average is $24.69. The company has a market cap of $283.88 million, a P/E ratio of 2.10 and a beta of 0.17. Clearwater Paper has a 12-month low of $16.53 and a 12-month high of $33.56.

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

About Clearwater Paper

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.