Clearwater Paper (NYSE:CLW) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Clearwater Paper shares rose above their 200-day moving average, reaching $18.97 and closing at $18.70 versus the $17.44 average.
• Analyst sentiment remains cautious: the stock has a consensus “Hold” rating and a $19.50 price target, with ratings ranging from Sell to Buy.
• The company reported a quarterly loss of $1.75 per share, missing expectations of a $1.49 loss, while revenue matched estimates at $374.8 million. Clearwater Paper has negative profitability metrics and analysts forecast a full-year loss of $2.33 per share.

Clearwater Paper Corporation (NYSE:CLW - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $17.44 and traded as high as $18.97. Clearwater Paper shares last traded at $18.70, with a volume of 68,418 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CLW. Wall Street Zen lowered shares of Clearwater Paper from a "hold" rating to a "sell" rating in a research report on Sunday, June 28th. Weiss Ratings reissued a "sell (d)" rating on shares of Clearwater Paper in a research report on Wednesday, August 5th. Zacks Research raised Clearwater Paper to a "hold" rating in a report on Monday, July 6th. TD Securities reaffirmed a "hold" rating and issued a $20.00 price target on shares of Clearwater Paper in a report on Wednesday, July 29th. Finally, Bank of America raised their price objective on Clearwater Paper from $24.00 to $25.00 and gave the stock a "neutral" rating in a research report on Friday, September 11th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $19.50.

Clearwater Paper Price Performance

The company has a debt-to-equity ratio of 0.45, a current ratio of 2.29 and a quick ratio of 1.17. The stock's 50 day simple moving average is $20.88 and its two-hundred day simple moving average is $17.44. The stock has a market cap of $301.63 million, a price-to-earnings ratio of -6.15 and a beta of 0.33.

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

Institutional Trading of Clearwater Paper

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LP raised its position in Clearwater Paper by 2.4% in the second quarter. Corient Private Wealth LP now owns 23,100 shares of the basic materials company's stock worth $362,000 after purchasing an additional 542 shares in the last quarter. Versant Capital Management Inc lifted its stake in Clearwater Paper by 26.4% during the second quarter. Versant Capital Management Inc now owns 4,627 shares of the basic materials company's stock worth $73,000 after purchasing an additional 965 shares during the period. Farther Finance Advisors LLC lifted its stake in Clearwater Paper by 110.7% during the third quarter. Farther Finance Advisors LLC now owns 2,069 shares of the basic materials company's stock worth $40,000 after purchasing an additional 1,087 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Clearwater Paper by 11.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 14,678 shares of the basic materials company's stock valued at $211,000 after purchasing an additional 1,450 shares in the last quarter. Finally, Group One Trading LLC acquired a new stake in Clearwater Paper during the second quarter valued at approximately $25,000. Institutional investors own 89.98% of the company's stock.

About Clearwater Paper

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.

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