Clearwater Paper Corp (NYSE:CLW) Receives $33.33 Consensus PT from Analysts

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Clearwater Paper Corp (NYSE:CLW) has received a consensus rating of “Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $33.33.

A number of equities analysts have commented on the company. Royal Bank of Canada raised Clearwater Paper from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $20.00 to $35.00 in a research note on Wednesday, May 6th. KeyCorp reissued a “hold” rating on shares of Clearwater Paper in a research note on Wednesday, June 10th. ValuEngine lowered Clearwater Paper from a “hold” rating to a “sell” rating in a research note on Thursday. TheStreet raised Clearwater Paper from a “d” rating to a “c-” rating in a research note on Wednesday, May 6th. Finally, Zacks Investment Research raised Clearwater Paper from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Wednesday, April 29th.

Institutional investors and hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC acquired a new position in shares of Clearwater Paper during the first quarter valued at $26,000. Fiduciary Counselling Inc. acquired a new position in shares of Clearwater Paper during the first quarter valued at $44,000. Advisor Group Holdings Inc. acquired a new position in shares of Clearwater Paper during the first quarter valued at $47,000. Bank of Montreal Can lifted its stake in shares of Clearwater Paper by 31.2% during the fourth quarter. Bank of Montreal Can now owns 2,351 shares of the basic materials company’s stock valued at $50,000 after acquiring an additional 559 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Clearwater Paper by 7.0% during the fourth quarter. Victory Capital Management Inc. now owns 8,072 shares of the basic materials company’s stock valued at $172,000 after acquiring an additional 526 shares during the period. 82.14% of the stock is currently owned by institutional investors and hedge funds.

NYSE:CLW traded up $0.12 during trading hours on Friday, reaching $35.89. The company had a trading volume of 4,521 shares, compared to its average volume of 217,294. The stock has a 50-day moving average of $32.16 and a two-hundred day moving average of $25.35. Clearwater Paper has a one year low of $11.88 and a one year high of $38.83. The firm has a market capitalization of $602.49 million, a PE ratio of 714.54 and a beta of 1.88. The company has a quick ratio of 0.97, a current ratio of 1.79 and a debt-to-equity ratio of 2.13.

Clearwater Paper (NYSE:CLW) last posted its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.58. The company had revenue of $477.90 million for the quarter, compared to analyst estimates of $447.00 million. Clearwater Paper had a return on equity of 1.59% and a net margin of 0.05%. As a group, sell-side analysts expect that Clearwater Paper will post 2.63 earnings per share for the current year.

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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