Clearwater Paper (NYSE:CLW) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Clearwater Paper (NYSE:CLW) from a sell rating to a hold rating in a research note released on Saturday.

Other equities research analysts also recently issued reports about the company. TD Securities set a $30.00 target price on Clearwater Paper and gave the stock a “buy” rating in a research note on Monday, September 22nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Clearwater Paper in a research note on Wednesday, October 8th. Cowen began coverage on shares of Clearwater Paper in a research report on Monday, September 22nd. They set a “buy” rating on the stock. TD Cowen began coverage on shares of Clearwater Paper in a report on Monday, September 22nd. They issued a “buy” rating and a $30.00 target price for the company. Finally, Royal Bank Of Canada dropped their target price on shares of Clearwater Paper from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Clearwater Paper presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

Clearwater Paper Price Performance

Shares of CLW opened at $18.17 on Friday. Clearwater Paper has a fifty-two week low of $16.53 and a fifty-two week high of $33.56. The firm’s 50-day simple moving average is $20.40 and its two-hundred day simple moving average is $24.60. The stock has a market cap of $291.45 million, a PE ratio of 2.16 and a beta of 0.16. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.88 and a current ratio of 2.10.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC purchased a new position in Clearwater Paper in the first quarter worth about $239,000. Jacobs Levy Equity Management Inc. lifted its stake in shares of Clearwater Paper by 109.0% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 111,396 shares of the basic materials company’s stock worth $2,826,000 after purchasing an additional 58,104 shares during the period. Vanguard Group Inc. lifted its stake in shares of 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 worth $28,982,000 after purchasing an additional 20,936 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Clearwater Paper by 21.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 233,474 shares of the basic materials company’s stock worth $5,923,000 after buying an additional 41,633 shares during the last quarter. Finally, Seven Six Capital Management LLC grew its position in Clearwater Paper by 30.0% during the first quarter. Seven Six Capital Management LLC now owns 86,959 shares of the basic materials company’s stock valued at $2,206,000 after buying an additional 20,050 shares during the period. 89.98% of the stock is owned by hedge funds and other institutional investors.

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.