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.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/02/14/clearwater-paper-corp-clw-given-average-rating-of-hold-by-brokerages.html.
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.
Receive News & Ratings for Clearwater Paper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clearwater Paper and related companies with MarketBeat.com's FREE daily email newsletter.