Brokerages Set Clearwater Paper Corporation (NYSE:CLW) Price Target at $22.25

Shares of Clearwater Paper Corporation (NYSE:CLW) have been assigned a consensus rating of “Hold” from the five ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $22.25.

A number of analysts have recently commented on the company. TD Securities dropped their price objective on Clearwater Paper from $25.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, February 19th. Royal Bank Of Canada dropped their price target on Clearwater Paper from $25.00 to $23.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. Truist Financial cut their price objective on Clearwater Paper from $21.00 to $16.00 and set a “hold” rating on the stock in a report on Thursday, February 19th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Clearwater Paper in a report on Monday, December 29th.

Clearwater Paper Trading Up 1.2%

Shares of CLW stock opened at $14.84 on Monday. The firm’s 50-day simple moving average is $17.49 and its 200-day simple moving average is $18.81. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.43 and a quick ratio of 1.13. Clearwater Paper has a 1-year low of $13.84 and a 1-year high of $30.96. The firm has a market cap of $238.03 million, a P/E ratio of -13.25 and a beta of 0.23.

Clearwater Paper (NYSE:CLW) last issued its quarterly earnings results on Wednesday, February 18th. The basic materials company reported ($0.42) EPS for the quarter, topping the consensus estimate of ($0.50) by $0.08. The firm had revenue of $386.40 million during the quarter, compared to analyst estimates of $379.00 million. Clearwater Paper had a negative net margin of 1.20% and a negative return on equity of 2.11%.

Institutional Investors Weigh In On Clearwater Paper

Several large investors have recently made changes to their positions in the business. Millennium Management LLC lifted its holdings in shares of Clearwater Paper by 158.1% during the 4th quarter. Millennium Management LLC now owns 360,795 shares of the basic materials company’s stock valued at $6,278,000 after acquiring an additional 221,029 shares in the last quarter. UBS Group AG increased its holdings in Clearwater Paper by 228.3% in the 3rd quarter. UBS Group AG now owns 258,186 shares of the basic materials company’s stock valued at $5,360,000 after purchasing an additional 179,539 shares in the last quarter. Invenomic Capital Management LP raised its position in Clearwater Paper by 113.0% in the fourth quarter. Invenomic Capital Management LP now owns 320,212 shares of the basic materials company’s stock valued at $5,572,000 after purchasing an additional 169,880 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Clearwater Paper by 33.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 557,953 shares of the basic materials company’s stock worth $9,708,000 after purchasing an additional 139,013 shares in the last quarter. Finally, Readystate Asset Management LP boosted its position in shares of Clearwater Paper by 19.2% in the third quarter. Readystate Asset Management LP now owns 762,138 shares of the basic materials company’s stock worth $15,822,000 after buying an additional 122,688 shares during the period. Institutional investors and hedge funds own 89.98% of the company’s stock.

About Clearwater Paper

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.