Clearwater Paper (NYSE:CLW) was downgraded by equities research analysts at Sidoti from a “buy” rating to a “neutral” rating in a report released on Friday, The Fly reports.
A number of other equities research analysts have also recently commented on CLW. Royal Bank of Canada dropped their price objective on shares of Clearwater Paper from $47.00 to $43.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 6th. Zacks Investment Research raised shares of Clearwater Paper from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Wednesday, March 14th. Finally, ValuEngine cut shares of Clearwater Paper from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Clearwater Paper presently has a consensus rating of “Hold” and an average price target of $38.50.
Shares of NYSE CLW opened at $40.45 on Friday. The company has a market cap of $663.67, a PE ratio of 17.44, a PEG ratio of 2.75 and a beta of 0.98. Clearwater Paper has a 12 month low of $33.80 and a 12 month high of $57.10. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.45 and a current ratio of 1.08.
Clearwater Paper (NYSE:CLW) last issued its quarterly earnings data on Thursday, April 19th. The basic materials company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.41). Clearwater Paper had a return on equity of 7.12% and a net margin of 5.63%. During the same quarter last year, the firm posted $0.64 EPS. analysts forecast that Clearwater Paper will post 2.93 EPS for the current fiscal year.
In related news, VP Michael S. Gadd sold 5,368 shares of Clearwater Paper stock in a transaction on Friday, February 16th. The shares were sold at an average price of $37.68, for a total value of $202,266.24. Following the sale, the vice president now owns 11,712 shares of the company’s stock, valued at approximately $441,308.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.72% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Elkfork Partners LLC acquired a new stake in Clearwater Paper in the 4th quarter valued at $113,000. MetLife Investment Advisors LLC acquired a new stake in Clearwater Paper in the 4th quarter valued at $356,000. Millennium Management LLC grew its stake in Clearwater Paper by 61.4% in the 4th quarter. Millennium Management LLC now owns 59,784 shares of the basic materials company’s stock valued at $2,714,000 after acquiring an additional 22,744 shares during the period. Two Sigma Investments LP grew its stake in Clearwater Paper by 35.3% in the 4th quarter. Two Sigma Investments LP now owns 72,273 shares of the basic materials company’s stock valued at $3,281,000 after acquiring an additional 18,843 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in Clearwater Paper by 57.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 66,477 shares of the basic materials company’s stock valued at $3,018,000 after acquiring an additional 24,232 shares during the period. 87.64% of the stock is currently owned by hedge funds and other institutional investors.
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Clearwater Paper Company Profile
Clearwater Paper Corporation produces and sells produces and sells private label tissue and bleached paperboard products in the United States and internationally. It operates in two segments, Consumer Products, and Pulp and Paperboard. The Consumer Products segment manufactures and sells a line of at-home tissue products, including bathroom tissues, paper towels, facial tissues, and napkins; recycled fiber value grade products; and away-from-home products, such as conventional one- and two-ply bath tissues, two-ply paper towels, hard wound towels, and dispenser napkins.
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