Clearwater Paper Corp (NYSE:CLW) Receives $29.50 Consensus PT from Brokerages

Clearwater Paper Corp (NYSE:CLW) has been assigned an average rating of “Hold” from the six analysts that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $29.50.

CLW has been the topic of a number of analyst reports. Royal Bank of Canada cut Clearwater Paper from a “sector perform” rating to an “underperform” rating and dropped their price target for the stock from $20.00 to $15.00 in a research report on Thursday, August 1st. ValuEngine raised Clearwater Paper from a “sell” rating to a “hold” rating in a research report on Thursday, September 19th. Finally, Zacks Investment Research cut Clearwater Paper from a “hold” rating to a “sell” rating in a research report on Monday, July 1st.

Shares of CLW traded down $1.15 during mid-day trading on Tuesday, reaching $18.85. The company had a trading volume of 1,132 shares, compared to its average volume of 269,122. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.43 and a current ratio of 0.95. The firm has a 50-day moving average price of $17.25 and a 200 day moving average price of $18.44. Clearwater Paper has a 52 week low of $13.87 and a 52 week high of $35.27. The company has a market capitalization of $341.37 million, a price-to-earnings ratio of 7.41 and a beta of 1.98.

Clearwater Paper (NYSE:CLW) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.16). Clearwater Paper had a positive return on equity of 6.82% and a negative net margin of 8.64%. The company had revenue of $451.99 million during the quarter, compared to the consensus estimate of $448.35 million. As a group, research analysts forecast that Clearwater Paper will post -0.2 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in CLW. Quantamental Technologies LLC bought a new position in Clearwater Paper in the 2nd quarter valued at approximately $38,000. BNP Paribas Arbitrage SA lifted its position in Clearwater Paper by 78.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,428 shares of the basic materials company’s stock valued at $86,000 after acquiring an additional 1,940 shares in the last quarter. Parallax Volatility Advisers L.P. bought a new position in Clearwater Paper in the 2nd quarter valued at approximately $124,000. Victory Capital Management Inc. lifted its position in Clearwater Paper by 25.2% in the 1st quarter. Victory Capital Management Inc. now owns 9,370 shares of the basic materials company’s stock valued at $183,000 after acquiring an additional 1,886 shares in the last quarter. Finally, United Services Automobile Association bought a new position in Clearwater Paper in the 2nd quarter valued at approximately $200,000. 83.70% of the stock is currently owned by institutional investors and hedge funds.

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.

Read More: Market Perform

Receive News & Ratings for Clearwater Paper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clearwater Paper and related companies with MarketBeat.com's FREE daily email newsletter.