Clearwater Paper Corporation (NYSE:CLW) Stock Rated "Hold" by Wall Street Brokerages

Key Points

• Clearwater Paper has a consensus “Hold” rating from eight analysts: six holds, one sell, and one buy. The average 12-month price target is $19.50.
• Institutional investors own approximately 89.98% of the company, with several funds increasing their positions during recent quarters.
• Clearwater Paper reported a quarterly loss of $1.75 per share, missing estimates of a $1.49 loss, while revenue matched expectations at $374.8 million. The stock recently opened at $18.70, within a 52-week range of $11.73 to $23.59.

Clearwater Paper Corporation (NYSE:CLW - Get Free Report) has been given a consensus rating of "Hold" by the eight research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $19.50.

Several analysts have recently commented on CLW shares. Wall Street Zen lowered shares of Clearwater Paper from a "hold" rating to a "sell" rating in a research report on Sunday, June 28th. Royal Bank Of Canada restated an "outperform" rating and set a $21.00 price objective on shares of Clearwater Paper in a research report on Wednesday, July 29th. Truist Financial lifted their price objective on Clearwater Paper from $12.00 to $17.00 and gave the stock a "hold" rating in a research report on Wednesday, July 15th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Clearwater Paper in a research note on Wednesday, August 5th. Finally, Zacks Research upgraded Clearwater Paper to a "hold" rating in a report on Monday, July 6th.

Institutional Trading of Clearwater Paper

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Corient Private Wealth LP boosted its holdings in shares of Clearwater Paper by 2.4% in the 2nd quarter. Corient Private Wealth LP now owns 23,100 shares of the basic materials company's stock valued at $362,000 after purchasing an additional 542 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Clearwater Paper by 26.4% during the 2nd quarter. Versant Capital Management Inc now owns 4,627 shares of the basic materials company's stock worth $73,000 after buying an additional 965 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Clearwater Paper by 110.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,069 shares of the basic materials company's stock worth $40,000 after buying an additional 1,087 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Clearwater Paper by 11.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 14,678 shares of the basic materials company's stock worth $211,000 after buying an additional 1,450 shares during the period. Finally, Group One Trading LLC purchased a new position in shares of Clearwater Paper in the 2nd quarter worth $25,000. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Clearwater Paper Price Performance

Clearwater Paper stock opened at $18.70 on Tuesday. Clearwater Paper has a 52 week low of $11.73 and a 52 week high of $23.59. The company has a quick ratio of 1.17, a current ratio of 2.29 and a debt-to-equity ratio of 0.45. The firm's 50-day simple moving average is $20.88 and its 200 day simple moving average is $17.44. The firm has a market capitalization of $301.63 million, a PE ratio of -6.15 and a beta of 0.33.

Clearwater Paper (NYSE:CLW - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The basic materials company reported ($1.75) EPS for the quarter, missing analysts' consensus estimates of ($1.49) by ($0.26). The business had revenue of $374.80 million during the quarter, compared to analyst estimates of $374.80 million. Clearwater Paper had a negative net margin of 3.24% and a negative return on equity of 7.95%. On average, equities research analysts predict that Clearwater Paper will post -2.33 EPS for the current fiscal year.

Clearwater Paper Company Profile

Clearwater Paper Corporation NYSE: CLW is a manufacturer of bleached paperboard products serving customers primarily in North America. Its paperboard is used in a range of consumer and commercial applications, including folding cartons, food and beverage packaging, liquid packaging, pharmaceutical packaging, and personal care products.

The company operates paperboard manufacturing facilities in the United States and supplies products to packaging converters, brand owners, and other industrial customers.

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.