Clearwater Paper Corporation (NYSE:CLW) Receives $22.25 Average Target Price from Analysts

Shares of Clearwater Paper Corporation (NYSE:CLW) have received an average rating of “Hold” from the five ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $22.25.

A number of brokerages have issued reports on CLW. Truist Financial lowered their price target on Clearwater Paper from $21.00 to $16.00 and set a “hold” rating on the stock in a research report on Thursday, February 19th. TD Securities cut their price objective on Clearwater Paper from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Clearwater Paper in a research note on Monday, December 29th. Finally, Royal Bank Of Canada reduced their target price 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.

Hedge Funds Weigh In On Clearwater Paper

A number of large investors have recently added to or reduced their stakes in CLW. Hsbc Holdings PLC acquired a new position in shares of Clearwater Paper during the 4th quarter worth about $341,000. Susquehanna Portfolio Strategies LLC raised its holdings in shares of Clearwater Paper by 185.4% during the fourth quarter. Susquehanna Portfolio Strategies LLC now owns 28,162 shares of the basic materials company’s stock valued at $490,000 after acquiring an additional 18,293 shares during the last quarter. Numerai GP LLC lifted its position in shares of Clearwater Paper by 3.0% in the fourth quarter. Numerai GP LLC now owns 60,535 shares of the basic materials company’s stock valued at $1,053,000 after acquiring an additional 1,772 shares in the last quarter. Millennium Management LLC lifted its position in shares of Clearwater Paper by 158.1% in the fourth 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. Finally, Man Group plc boosted its stake in shares of Clearwater Paper by 74.9% in the fourth quarter. Man Group plc now owns 71,272 shares of the basic materials company’s stock worth $1,240,000 after acquiring an additional 30,514 shares during the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Clearwater Paper Stock Down 0.4%

CLW opened at $14.12 on Friday. The company has a fifty day moving average of $15.76 and a two-hundred day moving average of $17.85. The stock has a market capitalization of $226.40 million, a price-to-earnings ratio of -12.60 and a beta of 0.23. Clearwater Paper has a fifty-two week low of $12.44 and a fifty-two week high of $30.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.13 and a current ratio of 2.43.

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

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.