Clearwater Paper Corporation (NYSE:CLW) Receives $21.25 Average PT from Analysts

Shares of Clearwater Paper Corporation (NYSE:CLW) have earned an average rating of “Hold” from the five brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $21.25.

A number of brokerages have recently issued reports on CLW. Royal Bank Of Canada set a $20.00 target price on shares of Clearwater Paper in a research report on Thursday, April 16th. Truist Financial lowered their price target on shares of Clearwater Paper from $16.00 to $15.00 and set a “hold” rating for the company in a report on Wednesday, April 15th. Weiss Ratings restated a “sell (d+)” rating on shares of Clearwater Paper in a research report on Monday, December 29th. Finally, TD Securities reduced their price objective on Clearwater Paper from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, February 19th.

Clearwater Paper Price Performance

Shares of CLW stock opened at $14.58 on Tuesday. Clearwater Paper has a 52 week low of $12.44 and a 52 week high of $30.96. The stock has a market capitalization of $233.86 million, a PE ratio of -13.02 and a beta of 0.22. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.13 and a current ratio of 2.43. The stock’s fifty day moving average is $14.63 and its 200-day moving average is $17.05.

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

Hedge Funds Weigh In On Clearwater Paper

Several large investors have recently made changes to their positions in CLW. Optiver Holding B.V. bought a new stake in Clearwater Paper during the 3rd quarter worth about $44,000. Meeder Asset Management Inc. acquired a new position in Clearwater Paper during the 4th quarter valued at about $47,000. Tower Research Capital LLC TRC boosted its stake in shares of Clearwater Paper by 34.7% in the 2nd 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 during the last quarter. SG Americas Securities LLC bought a new position in shares of Clearwater Paper in the 3rd quarter valued at about $114,000. Finally, New York State Common Retirement Fund grew its position in shares of Clearwater Paper by 104.9% during the 3rd quarter. New York State Common Retirement Fund now owns 6,838 shares of the basic materials company’s stock worth $142,000 after buying an additional 3,500 shares during the period. Institutional investors and hedge funds 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.