Brokerages Set Clearwater Paper Corporation (NYSE:CLW) PT at $27.75

Shares of Clearwater Paper Corporation (NYSE:CLW) have been assigned an average rating of “Hold” from the five analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $27.75.

A number of equities research analysts have issued reports on CLW shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Clearwater Paper in a research note on Monday, December 29th. Royal Bank Of Canada dropped their price objective on Clearwater Paper from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Wall Street Zen upgraded shares of Clearwater Paper from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Truist Financial began coverage on shares of Clearwater Paper in a research note on Tuesday, January 20th. They set a “hold” rating and a $21.00 target price for the company.

Clearwater Paper Trading Up 2.4%

Shares of CLW stock opened at $17.79 on Thursday. Clearwater Paper has a fifty-two week low of $16.44 and a fifty-two week high of $31.71. The stock has a market capitalization of $285.35 million, a P/E ratio of 2.12 and a beta of 0.20. The stock has a 50-day simple moving average of $18.23 and a 200 day simple moving average of $19.88. The company has a quick ratio of 0.88, a current ratio of 2.10 and a debt-to-equity ratio of 0.43.

Insider Activity at Clearwater Paper

In other news, VP Steve M. Bowden sold 8,889 shares of the company’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $18.14, for a total value of $161,246.46. Following the sale, the vice president directly owned 68,516 shares in the company, valued at approximately $1,242,880.24. This represents a 11.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 3.55% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CLW. Optiver Holding B.V. bought a new position in shares of Clearwater Paper in the 3rd quarter valued at about $44,000. Tower Research Capital LLC TRC increased its stake in Clearwater Paper by 34.7% in 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 purchasing an additional 563 shares in the last quarter. CWM LLC lifted its holdings 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 worth $92,000 after acquiring an additional 3,234 shares in the last quarter. SG Americas Securities LLC bought a new position in Clearwater Paper during the third quarter worth about $114,000. Finally, New York State Common Retirement Fund grew its stake in Clearwater Paper by 104.9% in the third quarter. New York State Common Retirement Fund now owns 6,838 shares of the basic materials company’s stock valued at $142,000 after acquiring an additional 3,500 shares during the period. Institutional investors own 89.98% of the company’s stock.

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.