Clearwater Paper Corp (NYSE:CLW) has earned a consensus recommendation of “Buy” from the six analysts that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $33.33.
A number of equities analysts recently weighed in on CLW shares. KeyCorp restated a “hold” rating on shares of Clearwater Paper in a research report on Wednesday, June 10th. Cfra increased their price objective on shares of Clearwater Paper from $31.00 to $38.00 and gave the company a “strong-buy” rating in a research report on Wednesday, May 6th. Zacks Investment Research upgraded shares of Clearwater Paper from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Wednesday, April 29th. TheStreet upgraded shares of Clearwater Paper from a “d” rating to a “c-” rating in a research report on Wednesday, May 6th. Finally, Royal Bank of Canada upgraded shares of Clearwater Paper from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $20.00 to $35.00 in a research report on Wednesday, May 6th.
Shares of NYSE:CLW traded down $0.40 during midday trading on Friday, reaching $34.99. 4,289 shares of the company were exchanged, compared to its average volume of 228,760. The company has a current ratio of 1.79, a quick ratio of 0.97 and a debt-to-equity ratio of 2.13. The business’s fifty day moving average is $31.92 and its two-hundred day moving average is $25.21. Clearwater Paper has a one year low of $11.88 and a one year high of $38.83. The stock has a market cap of $586.41 million, a PE ratio of 707.94 and a beta of 1.85.
Clearwater Paper (NYSE:CLW) last issued its earnings results on Tuesday, May 5th. The basic materials company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.58. Clearwater Paper had a net margin of 0.05% and a return on equity of 1.59%. The firm had revenue of $477.90 million during the quarter, compared to analyst estimates of $447.00 million. As a group, sell-side analysts expect that Clearwater Paper will post 2.63 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in CLW. Acadian Asset Management LLC bought a new stake in shares of Clearwater Paper in the 1st quarter worth about $26,000. Fiduciary Counselling Inc. bought a new stake in shares of Clearwater Paper in the 1st quarter worth about $44,000. Advisor Group Holdings Inc. purchased a new position in Clearwater Paper in the 1st quarter worth about $47,000. Bank of Montreal Can increased its stake in Clearwater Paper by 31.2% in the 4th quarter. Bank of Montreal Can now owns 2,351 shares of the basic materials company’s stock worth $50,000 after buying an additional 559 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Clearwater Paper by 7.0% in the 4th quarter. Victory Capital Management Inc. now owns 8,072 shares of the basic materials company’s stock worth $172,000 after buying an additional 526 shares during the period. Hedge funds and other institutional investors own 82.14% of the company’s stock.
About Clearwater Paper
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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