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

Clearwater Paper Corp (NYSE:CLW) has been assigned an average recommendation of “Hold” from the six analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $51.50.

A number of research analysts recently commented on CLW shares. Zacks Investment Research raised Clearwater Paper from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 5th. KeyCorp reaffirmed a “hold” rating on shares of Clearwater Paper in a report on Thursday, October 19th. Finally, Royal Bank of Canada reduced their target price on Clearwater Paper from $47.00 to $43.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 6th.

Shares of Clearwater Paper (NYSE:CLW) traded up $0.95 on Friday, reaching $37.10. The company had a trading volume of 183,756 shares, compared to its average volume of 113,941. The stock has a market capitalization of $594.07, a P/E ratio of 6.27, a P/E/G ratio of 2.25 and a beta of 0.91. Clearwater Paper has a 1 year low of $33.80 and a 1 year high of $60.95. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.45.

Clearwater Paper (NYSE:CLW) last issued its quarterly earnings results on Monday, February 5th. The basic materials company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.01). The business had revenue of $436.70 million during the quarter, compared to analysts’ expectations of $431.04 million. Clearwater Paper had a net margin of 5.63% and a return on equity of 7.12%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 EPS. sell-side analysts anticipate that Clearwater Paper will post 3.2 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in CLW. Nationwide Fund Advisors lifted its holdings in Clearwater Paper by 67.7% during the 2nd quarter. Nationwide Fund Advisors now owns 20,899 shares of the basic materials company’s stock worth $977,000 after buying an additional 8,437 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Clearwater Paper by 0.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 7,372 shares of the basic materials company’s stock worth $345,000 after buying an additional 68 shares during the last quarter. Thrivent Financial For Lutherans lifted its holdings in Clearwater Paper by 5.9% during the 2nd quarter. Thrivent Financial For Lutherans now owns 9,890 shares of the basic materials company’s stock worth $462,000 after buying an additional 550 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in Clearwater Paper by 3.9% during the 2nd quarter. New York State Common Retirement Fund now owns 18,500 shares of the basic materials company’s stock worth $865,000 after buying an additional 699 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Clearwater Paper by 56.7% during the 2nd quarter. Northern Trust Corp now owns 351,814 shares of the basic materials company’s stock worth $16,447,000 after purchasing an additional 127,309 shares during the period. 85.16% of the stock is currently owned by institutional investors.

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About Clearwater Paper

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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