Clearwater Paper (NYSE:CLW) Stock Rating Upgraded by Wall Street Zen

Clearwater Paper (NYSE:CLW) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Monday.

Separately, Royal Bank Of Canada cut their price target on shares of Clearwater Paper from $37.00 to $36.00 and set an “outperform” rating on the stock in a report on Wednesday, July 30th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Clearwater Paper has a consensus rating of “Buy” and a consensus target price of $36.00.

Clearwater Paper Price Performance

Shares of NYSE:CLW opened at $21.42 on Monday. The company’s fifty day moving average price is $24.46 and its 200-day moving average price is $25.79. The firm has a market capitalization of $344.86 million, a price-to-earnings ratio of 1.78 and a beta of 0.12. Clearwater Paper has a one year low of $20.84 and a one year high of $33.56. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.97 and a quick ratio of 0.87.

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

Institutional Trading of Clearwater Paper

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CLW. Tower Research Capital LLC TRC increased its holdings in Clearwater Paper by 34.7% during the second 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. Elite Financial Inc. bought a new position in shares of Clearwater Paper during the first quarter worth $74,000. GAMMA Investing LLC raised its stake 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 valued at $91,000 after purchasing an additional 3,458 shares in the last quarter. CWM LLC raised its stake in Clearwater Paper by 2,215.1% during 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 in the last quarter. Finally, Summit Securities Group LLC purchased a new stake in Clearwater Paper during the first quarter valued at $98,000. 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.