Clearwater Paper Corporation (NYSE:CLW) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Clearwater Paper Corporation has received a consensus "Moderate Buy" rating from five analysts, with one analyst recommending a sell and four recommending buy.
• Analysts have set an average twelve-month price objective for the stock at $32.00, with recent target prices ranging from $30.00 to $36.00.
• The company's stock price recently traded at $20.36 and has seen notable institutional interest, with institutional investors owning nearly 90% of the shares.

Clearwater Paper Corporation (NYSE:CLW - Get Free Report) has received a consensus rating of "Moderate Buy" from the five analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $32.00.

CLW has been the subject of several analyst reports. TD Securities set a $30.00 target price on shares of Clearwater Paper and gave the company a "buy" rating in a research note on Monday, September 22nd. Royal Bank Of Canada cut their target price on shares of Clearwater Paper from $37.00 to $36.00 and set an "outperform" rating for the company in a research note on Wednesday, July 30th. TD Cowen initiated coverage on shares of Clearwater Paper in a research note on Monday, September 22nd. They issued a "buy" rating and a $30.00 target price for the company. Wall Street Zen downgraded shares of Clearwater Paper from a "hold" rating to a "sell" rating in a research note on Friday, September 26th. Finally, Cowen initiated coverage on shares of Clearwater Paper in a research note on Monday, September 22nd. They issued a "buy" rating for the company.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC acquired a new position in shares of Clearwater Paper during the 1st quarter valued at about $239,000. Jacobs Levy Equity Management Inc. increased its stake in shares of Clearwater Paper by 109.0% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 111,396 shares of the basic materials company's stock valued at $2,826,000 after acquiring an additional 58,104 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Clearwater Paper by 21.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 233,474 shares of the basic materials company's stock valued at $5,923,000 after acquiring an additional 41,633 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Clearwater Paper by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 1,142,392 shares of the basic materials company's stock valued at $28,982,000 after acquiring an additional 20,936 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Clearwater Paper during the 2nd quarter valued at about $406,000. Institutional investors and hedge funds own 89.98% of the company's stock.

Clearwater Paper Price Performance

Shares of Clearwater Paper stock traded down $0.16 on Friday, hitting $20.36. The company's stock had a trading volume of 111,571 shares, compared to its average volume of 249,294. Clearwater Paper has a 52-week low of $20.24 and a 52-week high of $33.56. The company has a quick ratio of 0.87, a current ratio of 1.97 and a debt-to-equity ratio of 0.39. The firm has a fifty day moving average price of $22.19 and a 200-day moving average price of $25.46. The company has a market capitalization of $327.80 million, a P/E ratio of 1.69 and a beta of 0.17.

Clearwater Paper (NYSE:CLW - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The basic materials company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.51). Clearwater Paper had a negative return on equity of 4.11% and a net margin of 12.98%.The business had revenue of $391.80 million during the quarter, compared to analysts' expectations of $397.00 million.

About Clearwater Paper

Clearwater Paper Corporation manufactures and supplies bleached paperboards, and consumer and parent roll tissues in the United States and internationally. It operates through Pulp and Paperboard, and Consumer Products segments. The Pulp and Paperboard segment manufactures and markets bleached paperboard; Solid Bleached Sulfate paperboard that is used to produce folding cartons, liquid packaging, cups and plates, blister and carded packaging, and top sheet and commercial printing items; and hardwood and softwood pulp, as well as offers services that include custom sheeting, slitting, and cutting.

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