Clearwater Paper (NYSE:CLW) Given a $30.00 Price Target at TD Securities

TD Securities set a $30.00 price objective on Clearwater Paper (NYSE:CLW) in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has a buy rating on the basic materials company’s stock.

A number of other brokerages have also recently issued reports on CLW. Wall Street Zen upgraded shares of Clearwater Paper from a “sell” rating to a “hold” rating in a research report on Monday, September 15th. Cowen assumed coverage on shares of Clearwater Paper in a research report on Monday. They issued a “buy” rating for the company. TD Cowen assumed coverage on shares of Clearwater Paper in a research report on Monday. They issued a “buy” rating and a $30.00 price objective for the company. Finally, Royal Bank Of Canada lowered their price objective on shares of Clearwater Paper from $37.00 to $36.00 and set an “outperform” rating for the company in a research report on Wednesday, July 30th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Clearwater Paper has an average rating of “Buy” and a consensus target price of $32.00.

Clearwater Paper Price Performance

Shares of Clearwater Paper stock opened at $22.62 on Monday. 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 has a fifty-two week low of $20.84 and a fifty-two week high of $33.56. The firm has a fifty day moving average price of $23.50 and a two-hundred day moving average price of $25.65. The company has a market cap of $364.12 million, a PE ratio of 1.88 and a beta of 0.12.

Clearwater Paper (NYSE:CLW) last issued its quarterly earnings results on Tuesday, July 29th. The basic materials company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.51). The company had revenue of $391.80 million during 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 Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Clearwater Paper by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 1,142,392 shares of the basic materials company’s stock worth $28,982,000 after acquiring an additional 20,936 shares during the last quarter. Nuveen LLC bought a new position in Clearwater Paper in the first quarter valued at approximately $15,314,000. Readystate Asset Management LP lifted its stake in Clearwater Paper by 56.7% in the first 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 in the last quarter. Ameriprise Financial Inc. lifted its stake in Clearwater Paper by 7.1% in the second 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 in the last quarter. Finally, Anchor Capital Management Company LLC lifted its stake in Clearwater Paper by 14.9% in the second quarter. Anchor Capital Management Company LLC now owns 285,053 shares of the basic materials company’s stock valued at $7,765,000 after buying an additional 37,000 shares in the last quarter. Institutional investors own 89.98% of the company’s stock.

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.