Weiss Ratings Reaffirms Sell (D+) Rating for Clearwater Paper (NYSE:CLW)

Key Points

• Weiss Ratings has reaffirmed a "sell (D+)" rating for Clearwater Paper, indicating ongoing negative sentiment towards the stock.
• Despite the negative rating from Weiss Ratings, several analysts like TD Securities and Cowen have set "buy" ratings with price targets around $30.00.
• Clearwater Paper's stock price has been struggling, currently trading at $19.91 with a 12-month low of $19.57, reflecting significant downward pressure.

Clearwater Paper (NYSE:CLW - Get Free Report)'s stock had its "sell (d+)" rating restated by stock analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Other equities research analysts have also issued research reports about the stock. Wall Street Zen lowered shares of Clearwater Paper from a "hold" rating to a "sell" rating in a research note on Friday, September 26th. Cowen started coverage on shares of Clearwater Paper in a research note on Monday, September 22nd. They issued a "buy" rating on the stock. TD Securities set a $30.00 price objective on shares of Clearwater Paper and gave the stock a "buy" rating in a research note on Monday, September 22nd. Royal Bank Of Canada decreased 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 note on Wednesday, July 30th. Finally, TD Cowen began coverage on shares of Clearwater Paper in a report on Monday, September 22nd. They issued a "buy" rating and a $30.00 price objective on the stock. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.

Clearwater Paper Stock Performance

Shares of CLW traded up $0.28 during mid-day trading on Wednesday, reaching $19.91. 132,529 shares of the company's stock traded hands, compared to its average volume of 201,034. Clearwater Paper has a 12 month low of $19.57 and a 12 month high of $33.56. The stock has a market capitalization of $320.55 million, a P/E ratio of 1.65 and a beta of 0.17. The business's 50-day moving average price is $21.51 and its 200-day moving average price is $25.34. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.87 and a current ratio of 1.97.

Clearwater Paper (NYSE:CLW - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.51). The company had revenue of $391.80 million during the quarter, compared to the consensus estimate 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

Hedge funds and other institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Clearwater Paper by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,629 shares of the basic materials company's stock worth $244,000 after acquiring an additional 390 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of Clearwater Paper by 2.7% in the first quarter. SummerHaven Investment Management LLC now owns 17,056 shares of the basic materials company's stock valued at $433,000 after purchasing an additional 448 shares during the last quarter. Woodmont Investment Counsel LLC raised its holdings in shares of Clearwater Paper by 1.3% in the second quarter. Woodmont Investment Counsel LLC now owns 40,170 shares of the basic materials company's stock valued at $1,094,000 after purchasing an additional 500 shares during the last quarter. Invesco Ltd. increased its holdings in Clearwater Paper by 0.7% during the first quarter. Invesco Ltd. now owns 68,191 shares of the basic materials company's stock worth $1,730,000 after buying an additional 501 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in 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 during 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.

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