Clearwater Paper (NYSE:CLW) Stock Rating Upgraded by Wall Street Zen

Key Points

• Clearwater Paper's stock rating was upgraded from "sell" to "hold" by Wall Street Zen, signaling a positive change in analyst sentiment.
• Royal Bank Of Canada reduced their price target for Clearwater Paper from $37.00 to $36.00 while maintaining an "outperform" rating.
• The company reported a loss per share of $0.22 for the last quarter, significantly missing the consensus estimate of $0.73.

Wall Street Zen upgraded shares of Clearwater Paper (NYSE:CLW - Free Report) from a sell rating to a hold rating in a research note released on Monday.

Separately, Royal Bank Of Canada dropped their target price on Clearwater Paper from $37.00 to $36.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $36.00.

Clearwater Paper Stock Up 2.1%

Shares of CLW traded up $0.44 during midday trading on Monday, reaching $21.81. 178,408 shares of the company were exchanged, compared to its average volume of 164,692. Clearwater Paper has a 1-year low of $20.84 and a 1-year high of $33.56. The stock has a 50-day moving average price of $24.14 and a 200-day moving average price of $25.73. The company has a current ratio of 1.97, a quick ratio of 0.87 and a debt-to-equity ratio of 0.39. The company has a market cap of $351.14 million, a price-to-earnings ratio of 1.81 and a beta of 0.12.

Clearwater Paper (NYSE:CLW - Get Free Report) last announced 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). The company had revenue of $391.80 million for the quarter, compared to analysts' expectations of $397.00 million. Clearwater Paper had a net margin of 12.98% and a negative return on equity of 4.11%.

Institutional Investors Weigh In On Clearwater Paper

A number of hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its holdings in Clearwater Paper by 34.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,185 shares of the basic materials company's stock worth $60,000 after buying an additional 563 shares in the last quarter. Corient Private Wealth LLC acquired a new stake in shares of Clearwater Paper during the second quarter valued at approximately $589,000. Vident Advisory LLC purchased a new stake in shares of Clearwater Paper in the second quarter valued at $394,000. BNP Paribas Financial Markets lifted its stake in Clearwater Paper by 608.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 6,585 shares of the basic materials company's stock worth $179,000 after acquiring an additional 5,656 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Clearwater Paper during the second quarter worth approximately $512,000. 89.98% of the stock is currently owned by institutional investors.

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.