Clearwater Paper (NYSE:CLW) Lowered to "Sell" Rating by Wall Street Zen

Key Points

• Clearwater Paper has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, impacting investor sentiment.
• Despite the downgrade, the consensus rating among analysts remains "Buy" with a target price of $32.00.
• The company reported a net margin of 12.98% and earnings per share of $0.22, significantly missing expectations of $0.73.

Clearwater Paper (NYSE:CLW - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Friday.

Other equities research analysts also recently issued research reports about the stock. TD Securities set a $30.00 price objective on shares of Clearwater Paper and gave the company a "buy" rating in a research report on Monday. Royal Bank Of Canada reduced their price objective on shares of Clearwater Paper from $37.00 to $36.00 and set an "outperform" rating for the company in a research report on Wednesday, July 30th. Cowen began coverage on shares of Clearwater Paper in a research report on Monday. They issued a "buy" rating for the company. Finally, TD Cowen assumed coverage on shares of Clearwater Paper in a research report on Monday. They issued a "buy" rating and a $30.00 price objective for the company. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $32.00.

Clearwater Paper Stock Performance

NYSE CLW traded up $0.20 during trading hours on Friday, hitting $20.96. The company had a trading volume of 194,456 shares, compared to its average volume of 201,739. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.87 and a current ratio of 1.97. Clearwater Paper has a 1-year low of $20.67 and a 1-year high of $33.56. The company has a market cap of $337.57 million, a PE ratio of 1.74 and a beta of 0.12. The business has a 50 day moving average of $22.87 and a 200-day moving average of $25.54.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC increased its stake in shares of Clearwater Paper by 34.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,185 shares of the basic materials company's stock worth $60,000 after purchasing an additional 563 shares in the last quarter. Elite Financial Inc. acquired a new stake in Clearwater Paper during the first quarter worth approximately $74,000. CWM LLC boosted its position in Clearwater Paper by 2,215.1% during the second quarter. CWM LLC now owns 3,380 shares of the basic materials company's stock worth $92,000 after acquiring an additional 3,234 shares during the last quarter. GAMMA Investing LLC boosted its position in Clearwater Paper by 2,384.8% during the first quarter. GAMMA Investing LLC now owns 3,603 shares of the basic materials company's stock worth $91,000 after acquiring an additional 3,458 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new stake in Clearwater Paper during the first quarter worth approximately $98,000. 89.98% of the stock is owned by hedge funds and other institutional investors.

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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