Wall Street Zen Downgrades Clearwater Paper (NYSE:CLW) to Sell

Clearwater Paper (NYSE:CLW) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

CLW has been the topic of a number of other reports. Cowen assumed coverage on Clearwater Paper in a research note on Monday, September 22nd. They issued a “buy” rating on the stock. TD Securities set a $30.00 price objective on Clearwater Paper and gave the company a “buy” rating in a research note on Monday, September 22nd. Royal Bank Of Canada cut their price objective on Clearwater Paper from $37.00 to $36.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 30th. Finally, TD Cowen assumed coverage on Clearwater Paper in a research note on Monday, September 22nd. They issued a “buy” rating and a $30.00 price objective on the stock. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, Clearwater Paper currently has an average rating of “Buy” and a consensus price target of $32.00.

Clearwater Paper Stock Up 1.0%

CLW opened at $20.96 on Friday. Clearwater Paper has a fifty-two week low of $20.67 and a fifty-two week high of $33.56. The business has a 50-day moving average of $22.87 and a 200-day moving average of $25.56. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.97 and a quick ratio of 0.87. The company has a market capitalization of $337.49 million, a PE ratio of 1.74 and a beta of 0.12.

Clearwater Paper (NYSE:CLW) last issued its quarterly earnings data 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). Clearwater Paper had a net margin of 12.98% and a negative return on equity of 4.11%. The company had revenue of $391.80 million during the quarter, compared to the consensus estimate of $397.00 million.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Nuveen LLC bought a new stake in shares of Clearwater Paper during the first quarter worth $15,314,000. CenterBook Partners LP bought a new stake in shares of Clearwater Paper during the first quarter worth $6,029,000. Readystate Asset Management LP raised its position in shares of Clearwater Paper by 56.7% during the first quarter. Readystate Asset Management LP now owns 580,856 shares of the basic materials company’s stock worth $14,736,000 after acquiring an additional 210,141 shares during the last quarter. First Eagle Investment Management LLC raised its position in shares of Clearwater Paper by 125.9% during the second quarter. First Eagle Investment Management LLC now owns 189,558 shares of the basic materials company’s stock worth $5,164,000 after acquiring an additional 105,645 shares during the last quarter. Finally, Anchor Capital Management Company LLC increased its holdings in shares of Clearwater Paper by 62.1% in the first quarter. Anchor Capital Management Company LLC now owns 248,053 shares of the basic materials company’s stock worth $6,293,000 after acquiring an additional 95,000 shares in the last quarter. 89.98% of the stock is owned by 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.