Shares of Clearwater Paper Corporation (NYSE:CLW - Get Free Report) have been assigned an average rating of "Hold" from the eight brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $18.50.
A number of research analysts have weighed in on CLW shares. Truist Financial increased their target price on Clearwater Paper from $12.00 to $17.00 and gave the company a "hold" rating in a report on Wednesday, July 15th. TD Cowen downgraded Clearwater Paper from a "buy" rating to a "hold" rating and set a $17.00 price target for the company. in a research report on Wednesday, April 29th. Wall Street Zen lowered shares of Clearwater Paper from a "hold" rating to a "sell" rating in a research report on Sunday, June 28th. TD cut Clearwater Paper from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $19.00 to $17.00 in a research note on Wednesday, April 29th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Clearwater Paper in a research note on Wednesday, August 5th.
Read Our Latest Research Report on Clearwater Paper
Clearwater Paper Stock Down 0.5%
Shares of CLW opened at $21.64 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.29 and a quick ratio of 1.17. Clearwater Paper has a 1 year low of $11.73 and a 1 year high of $23.59. The stock has a 50 day simple moving average of $18.27 and a two-hundred day simple moving average of $16.12. The firm has a market cap of $349.05 million, a P/E ratio of -7.12 and a beta of 0.24.
Clearwater Paper (NYSE:CLW - Get Free Report) last posted its earnings results on Tuesday, July 28th. The basic materials company reported ($1.75) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.49) by ($0.26). Clearwater Paper had a negative return on equity of 7.95% and a negative net margin of 3.24%.The business had revenue of $374.80 million during the quarter, compared to the consensus estimate of $374.80 million. On average, analysts forecast that Clearwater Paper will post -2.95 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Clearwater Paper
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CLW. BlackRock Inc. purchased a new position in shares of Clearwater Paper in the 2nd quarter valued at about $19,788,000. Millennium Management LLC raised its holdings in shares of Clearwater Paper by 158.1% in the 4th quarter. Millennium Management LLC now owns 360,795 shares of the basic materials company's stock worth $6,278,000 after purchasing an additional 221,029 shares during the period. Man Group plc purchased a new stake in Clearwater Paper during the 2nd quarter worth $2,986,000. UBS Group AG lifted its position in shares of Clearwater Paper by 228.3% during the third quarter. UBS Group AG now owns 258,186 shares of the basic materials company's stock worth $5,360,000 after purchasing an additional 179,539 shares in the last quarter. Finally, Invenomic Capital Management LP boosted its stake in shares of Clearwater Paper by 113.0% during the 4th quarter. Invenomic Capital Management LP now owns 320,212 shares of the basic materials company's stock valued at $5,572,000 after buying an additional 169,880 shares during the last quarter. Institutional investors and hedge funds own 89.98% of the company's stock.
Clearwater Paper Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Clearwater Paper, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Clearwater Paper wasn't on the list.
While Clearwater Paper currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
