Clearwater Paper (NYSE:CLW) PT Set at $30.00 by TD Securities

Key Points

• TD Securities has set a price target of $30.00 for Clearwater Paper (NYSE:CLW), indicating a potential upside of 32.01% from its previous close, while maintaining a "buy" rating.
• Other research firms, including TD Cowen and Royal Bank Of Canada, have also issued "buy" ratings for the company, reflecting a consensus target price of $32.00.
• Clearwater Paper's recent earnings report showed EPS of $0.22, missing the consensus estimate, with a revenue of $391.80 million, also below analyst expectations.

Clearwater Paper (NYSE:CLW - Get Free Report) has been given a $30.00 price objective by stock analysts at TD Securities in a research note issued on Monday,BayStreet.CA reports. The firm currently has a "buy" rating on the basic materials company's stock. TD Securities' target price would indicate a potential upside of 32.01% from the stock's previous close.

Several other research firms have also commented on CLW. TD Cowen assumed coverage on shares of Clearwater Paper in a research note on Monday. They set a "buy" rating and a $30.00 target price for the company. Royal Bank Of Canada reduced their price target 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. Wall Street Zen upgraded shares of Clearwater Paper from a "sell" rating to a "hold" rating in a research report on Monday, September 15th. Finally, Cowen started coverage on shares of Clearwater Paper in a research report on Monday. They issued a "buy" rating for the company. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Clearwater Paper currently has an average rating of "Buy" and a consensus target price of $32.00.

Clearwater Paper Price Performance

NYSE:CLW traded up $1.69 during midday trading on Monday, hitting $22.73. 218,889 shares of the stock were exchanged, compared to its average volume of 250,938. Clearwater Paper has a one year low of $20.84 and a one year high of $33.56. The company has a market capitalization of $365.89 million, a price-to-earnings ratio of 1.88 and a beta of 0.12. The business has a 50-day moving average price of $23.64 and a two-hundred day moving average price of $25.66. The company has a current ratio of 1.97, a quick ratio of 0.87 and a debt-to-equity ratio of 0.39.

Clearwater Paper (NYSE:CLW - Get Free Report) last released its earnings results 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 net margin of 12.98% and a negative return on equity of 4.11%. The business had revenue of $391.80 million for the quarter, compared to analyst estimates of $397.00 million.

Institutional Trading of Clearwater Paper

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its holdings in shares of Clearwater Paper by 209.9% during the 4th quarter. BNP Paribas Financial Markets now owns 11,094 shares of the basic materials company's stock worth $330,000 after acquiring an additional 7,514 shares during the period. Bank of America Corp DE lifted its holdings in shares of Clearwater Paper by 120.4% during the 4th quarter. Bank of America Corp DE now owns 67,554 shares of the basic materials company's stock worth $2,011,000 after acquiring an additional 36,910 shares during the period. Deutsche Bank AG lifted its holdings in shares of Clearwater Paper by 58.3% during the 4th quarter. Deutsche Bank AG now owns 15,184 shares of the basic materials company's stock worth $452,000 after acquiring an additional 5,592 shares during the period. Two Sigma Investments LP lifted its holdings in shares of Clearwater Paper by 133.5% during the 4th quarter. Two Sigma Investments LP now owns 100,515 shares of the basic materials company's stock worth $2,992,000 after acquiring an additional 57,468 shares during the period. Finally, Two Sigma Advisers LP lifted its holdings in shares of Clearwater Paper by 65.5% during the 4th quarter. Two Sigma Advisers LP now owns 46,500 shares of the basic materials company's stock worth $1,384,000 after acquiring an additional 18,400 shares during the period. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Clearwater Paper Company Profile

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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