Clearwater Paper Corp (CLW) Given Average Recommendation of “Hold” by Brokerages

Shares of Clearwater Paper Corp (NYSE:CLW) have earned a consensus recommendation of “Hold” from the six brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $51.50.

A number of research analysts have recently issued reports on the company. Royal Bank of Canada reduced their price objective on Clearwater Paper from $47.00 to $43.00 and set a “sector perform” rating on the stock in a research note on Tuesday. Zacks Investment Research raised Clearwater Paper from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 5th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Clearwater Paper in a research note on Thursday, October 19th.

Clearwater Paper (NYSE CLW) opened at $35.45 on Friday. Clearwater Paper has a 12 month low of $33.90 and a 12 month high of $61.40. The company has a market capitalization of $576.81, a price-to-earnings ratio of 16.25, a P/E/G ratio of 2.23 and a beta of 0.91. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.43.

Clearwater Paper (NYSE:CLW) last announced its quarterly earnings data on Monday, February 5th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.01). Clearwater Paper had a net margin of 5.63% and a return on equity of 7.12%. The company had revenue of $436.70 million for the quarter, compared to the consensus estimate of $431.04 million. During the same period last year, the business posted $0.82 earnings per share. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. equities analysts forecast that Clearwater Paper will post 3.15 EPS for the current year.

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Clearwater Paper by 1.5% during the second quarter. Vanguard Group Inc. now owns 1,540,226 shares of the basic materials company’s stock valued at $72,006,000 after buying an additional 22,090 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Clearwater Paper by 2.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,351,987 shares of the basic materials company’s stock valued at $66,586,000 after buying an additional 35,387 shares during the last quarter. State Street Corp grew its stake in shares of Clearwater Paper by 3.0% during the second quarter. State Street Corp now owns 426,527 shares of the basic materials company’s stock valued at $19,939,000 after buying an additional 12,257 shares during the last quarter. Wedge Capital Management L L P NC grew its stake in shares of Clearwater Paper by 4.1% during the fourth quarter. Wedge Capital Management L L P NC now owns 382,851 shares of the basic materials company’s stock valued at $17,381,000 after buying an additional 15,020 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Clearwater Paper by 56.7% during the second quarter. Northern Trust Corp now owns 351,814 shares of the basic materials company’s stock valued at $16,447,000 after buying an additional 127,309 shares during the last quarter. 85.14% of the stock is currently owned by hedge funds and other institutional investors.

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Clearwater Paper Company Profile

Clearwater Paper Corporation manufactures consumer tissue, away-from-home (AFH) tissue, parent roll tissue, bleached paperboard and pulp at manufacturing facilities across the nation. The Company operates through two segments: Consumer Products segment, and Pulp and Paperboard segment. The Company’s Consumer Products segment manufactures and sells a line of at-home tissue products, as well as AFH products.

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