Clearwater Paper (NYSE:CLW) Price Target Raised to $42.00 at Royal Bank of Canada

Clearwater Paper (NYSE:CLW - Get Free Report) had its price objective lifted by Royal Bank of Canada from $41.00 to $42.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a "sector perform" rating on the basic materials company's stock. Royal Bank of Canada's target price would indicate a potential downside of 6.87% from the stock's previous close.

Separately, StockNews.com cut shares of Clearwater Paper from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 22nd.

Clearwater Paper Price Performance

NYSE:CLW traded up $4.41 on Tuesday, hitting $45.10. The company had a trading volume of 414,541 shares, compared to its average volume of 182,455. The stock has a market capitalization of $746.86 million, a price-to-earnings ratio of 7.19 and a beta of 0.52. The company has a current ratio of 1.97, a quick ratio of 0.85 and a debt-to-equity ratio of 0.69. The firm has a 50 day moving average of $40.45 and a two-hundred day moving average of $37.05. Clearwater Paper has a 52 week low of $29.22 and a 52 week high of $47.98.

Clearwater Paper (NYSE:CLW - Get Free Report) last issued its quarterly earnings data on Monday, April 29th. The basic materials company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.11 by $0.32. The business had revenue of $496.20 million during the quarter. Clearwater Paper had a net margin of 5.17% and a return on equity of 18.13%. During the same period in the previous year, the company earned $1.47 EPS.

Institutional Investors Weigh In On Clearwater Paper

Large investors have recently modified their holdings of the company. Invesco Ltd. boosted its stake in Clearwater Paper by 2.8% during the third quarter. Invesco Ltd. now owns 420,359 shares of the basic materials company's stock worth $15,238,000 after acquiring an additional 11,293 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Clearwater Paper by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 325,904 shares of the basic materials company's stock worth $11,772,000 after acquiring an additional 4,185 shares in the last quarter. American Century Companies Inc. boosted its stake in Clearwater Paper by 8.9% during the third quarter. American Century Companies Inc. now owns 284,146 shares of the basic materials company's stock worth $10,300,000 after acquiring an additional 23,231 shares in the last quarter. Wasatch Advisors LP bought a new position in Clearwater Paper during the fourth quarter worth $9,909,000. Finally, Assenagon Asset Management S.A. boosted its stake in Clearwater Paper by 31.5% during the first quarter. Assenagon Asset Management S.A. now owns 177,048 shares of the basic materials company's stock worth $7,742,000 after acquiring an additional 42,365 shares in the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

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.