Wall Street Zen Downgrades Clearwater Paper (NYSE:CLW) to Sell

Key Points

• Wall Street Zen downgraded Clearwater Paper from a "hold" to a "sell" rating, reflecting a more negative outlook on the stock's performance.
• Royal Bank of Canada also reduced its price target for Clearwater Paper from $37.00 to $36.00, maintaining an "outperform" rating for the stock.
• Clearwater Paper reported earnings of $0.22 per share for the last quarter, significantly missing analyst estimates of $0.73, indicating potential financial challenges.

Clearwater Paper (NYSE:CLW - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Sunday.

Separately, Royal Bank Of Canada dropped their price target 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 investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Clearwater Paper currently has a consensus rating of "Buy" and an average price target of $36.00.

Clearwater Paper Trading Up 0.3%

NYSE:CLW opened at $21.98 on Friday. Clearwater Paper has a 1-year low of $20.84 and a 1-year high of $33.56. The business's 50-day moving average price is $25.23 and its two-hundred day moving average price is $26.01. 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 firm has a market capitalization of $353.88 million, a price-to-earnings ratio of 1.82 and a beta of 0.12.

Clearwater Paper (NYSE:CLW - Get Free Report) last released its earnings results on Tuesday, July 29th. The basic materials company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.51). Clearwater Paper had a net margin of 12.98% and a negative return on equity of 4.11%. The company had revenue of $391.80 million during the quarter, compared to analyst estimates of $397.00 million.

Institutional Trading of Clearwater Paper

Several hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC grew its holdings 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 buying an additional 563 shares in the last quarter. Corient Private Wealth LLC bought a new position in shares of Clearwater Paper during the second quarter worth about $589,000. Vident Advisory LLC bought a new position in shares of Clearwater Paper during the second quarter worth about $394,000. BNP Paribas Financial Markets grew its holdings in shares of Clearwater Paper by 608.8% during the second quarter. BNP Paribas Financial Markets now owns 6,585 shares of the basic materials company's stock worth $179,000 after buying an additional 5,656 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in shares of Clearwater Paper during the second quarter worth about $512,000. 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.

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