Clearwater Paper Corp (NYSE:CLW) has been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $29.50.
Several analysts have recently weighed in on CLW shares. Royal Bank of Canada downgraded shares of Clearwater Paper from a “sector perform” rating to an “underperform” rating and decreased their price target for the company from $20.00 to $15.00 in a research note on Thursday, August 1st. KeyCorp reissued a “hold” rating on shares of Clearwater Paper in a report on Wednesday, May 1st. ValuEngine raised shares of Clearwater Paper from a “sell” rating to a “hold” rating in a report on Wednesday, July 31st. Finally, Zacks Investment Research lowered shares of Clearwater Paper from a “hold” rating to a “sell” rating in a report on Monday, July 1st.
A number of hedge funds have recently modified their holdings of CLW. United Services Automobile Association purchased a new stake in Clearwater Paper during the 2nd quarter valued at about $200,000. Pictet Asset Management Ltd. grew its stake in Clearwater Paper by 4.6% during the 2nd quarter. Pictet Asset Management Ltd. now owns 273,541 shares of the basic materials company’s stock valued at $5,058,000 after acquiring an additional 12,036 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in Clearwater Paper during the 2nd quarter valued at about $2,127,000. Morgan Stanley grew its stake in Clearwater Paper by 165.8% during the 2nd quarter. Morgan Stanley now owns 91,267 shares of the basic materials company’s stock valued at $1,688,000 after acquiring an additional 56,931 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new stake in Clearwater Paper during the 2nd quarter valued at about $377,000. 82.95% of the stock is currently owned by institutional investors.
Shares of Clearwater Paper stock traded up $0.09 on Monday, hitting $16.69. 176,915 shares of the company traded hands, compared to its average volume of 184,818. The stock’s 50 day moving average price is $18.37 and its 200-day moving average price is $21.43. The company has a current ratio of 0.95, a quick ratio of 0.43 and a debt-to-equity ratio of 1.71. Clearwater Paper has a 52 week low of $15.25 and a 52 week high of $35.27. The company has a market cap of $271.34 million, a PE ratio of 6.55 and a beta of 1.91.
Clearwater Paper (NYSE:CLW) last posted its quarterly earnings results on Wednesday, July 31st. The basic materials company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.16). Clearwater Paper had a negative net margin of 8.64% and a positive return on equity of 6.82%. The company had revenue of $451.99 million for the quarter, compared to the consensus estimate of $448.35 million. As a group, research analysts anticipate that Clearwater Paper will post -0.2 EPS for the current fiscal year.
Clearwater Paper Company Profile
Clearwater Paper Corporation produces and sells produces and sells private label tissue and bleached paperboard products in the United States and internationally. It operates in two segments, Consumer Products, and Pulp and Paperboard. The Consumer Products segment manufactures and sells a line of at-home tissue products, including bathroom tissues, paper towels, facial tissues, and napkins; recycled fiber value grade products; and away-from-home products, such as conventional one- and two-ply bath tissues, two-ply paper towels, hard wound towels, and dispenser napkins.
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