Clearwater Paper Corporation (NYSE:CLW – Get Free Report) has earned an average recommendation of “Hold” from the eight analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $18.50.
Several analysts have recently commented on the company. Truist Financial increased their target price on Clearwater Paper from $12.00 to $17.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. TD cut Clearwater Paper from a “buy” rating to a “hold” rating and cut their price target for the company from $19.00 to $17.00 in a report on Wednesday, April 29th. Bank of America assumed coverage on shares of Clearwater Paper in a research report on Thursday, July 2nd. They set a “buy” rating and a $19.00 price target on the stock. TD Cowen lowered shares of Clearwater Paper from a “buy” rating to a “hold” rating and set a $17.00 price objective on the stock. in a report on Wednesday, April 29th. Finally, Zacks Research upgraded shares of Clearwater Paper to a “hold” rating in a research report on Monday, July 6th.
Check Out Our Latest Stock Report on CLW
Clearwater Paper Stock Up 5.4%
Clearwater Paper (NYSE:CLW – Get Free Report) last released its quarterly 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). Clearwater Paper had a negative net margin of 3.24% and a negative return on equity of 7.95%. The business had revenue of $374.80 million for the quarter, compared to analyst estimates of $374.80 million. As a group, sell-side analysts predict that Clearwater Paper will post -2.95 EPS for the current fiscal year.
Institutional Trading of Clearwater Paper
Hedge funds have recently modified their holdings of the stock. Meeder Asset Management Inc. bought a new position in Clearwater Paper in the 4th quarter worth approximately $47,000. Group One Trading LLC lifted its holdings in Clearwater Paper by 184.4% during the 1st quarter. Group One Trading LLC now owns 3,572 shares of the basic materials company’s stock worth $51,000 after buying an additional 2,316 shares in the last quarter. Tower Research Capital LLC TRC boosted its position 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 last quarter. Versant Capital Management Inc increased its stake in shares of Clearwater Paper by 26.4% in the 2nd quarter. Versant Capital Management Inc now owns 4,627 shares of the basic materials company’s stock valued at $73,000 after buying an additional 965 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in shares of Clearwater Paper by 608.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 6,585 shares of the basic materials company’s stock valued at $179,000 after buying an additional 5,656 shares during the period. 89.98% of the stock is owned by institutional investors.
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.
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