Wall Street Zen Upgrades Clearwater Paper (NYSE:CLW) to "Hold"

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 report report published on Monday.

Separately, Royal Bank Of Canada reduced their price target on shares of 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 analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $36.00.

Clearwater Paper Price Performance

NYSE CLW traded down $0.78 on Monday, reaching $21.00. The company's stock had a trading volume of 475,196 shares, compared to its average volume of 168,361. The firm has a market cap of $338.10 million, a PE ratio of 1.74 and a beta of 0.12. The business has a 50-day moving average price of $23.64 and a 200 day moving average price of $25.65. Clearwater Paper has a 52 week low of $20.84 and a 52 week high of $33.56. 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 quarterly earnings results on Tuesday, July 29th. The basic materials company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.51). The firm had revenue of $391.80 million during the quarter, compared to analyst estimates of $397.00 million. Clearwater Paper had a net margin of 12.98% and a negative return on equity of 4.11%.

Hedge Funds Weigh In On Clearwater Paper

Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its position in shares of Clearwater Paper by 34.7% during the second 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 position in shares of Clearwater Paper during the first quarter worth approximately $74,000. GAMMA Investing LLC lifted its holdings in Clearwater Paper by 2,384.8% in the first quarter. GAMMA Investing LLC now owns 3,603 shares of the basic materials company's stock valued at $91,000 after buying an additional 3,458 shares during the period. CWM LLC boosted its stake in Clearwater Paper by 2,215.1% in the second quarter. CWM LLC now owns 3,380 shares of the basic materials company's stock valued at $92,000 after acquiring an additional 3,234 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new stake in Clearwater Paper during the 1st quarter worth $98,000. 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.