Clearwater Paper Corp. (NYSE:CLW) Given Consensus Rating of “Hold” by Brokerages
Clearwater Paper Corp. (NYSE:CLW) has been assigned an average rating of “Hold” from the nine research firms that are presently covering the company. Six equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $68.00.
Several research analysts recently weighed in on CLW shares. Sidoti started coverage on Clearwater Paper Corp. in a research note on Wednesday, June 22nd. They set a “buy” rating and a $80.00 target price for the company. Zacks Investment Research raised Clearwater Paper Corp. from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a report on Monday, July 25th. Vertical Group downgraded Clearwater Paper Corp. from a “buy” rating to a “hold” rating in a report on Friday, July 22nd. Vertical Research downgraded Clearwater Paper Corp. from a “buy” rating to a “hold” rating in a report on Friday, July 22nd. Finally, Macquarie reaffirmed an “outperform” rating and set a $75.00 target price (up from $66.00) on shares of Clearwater Paper Corp. in a report on Wednesday, June 8th.
Clearwater Paper Corp. (NYSE:CLW) traded down 1.10% during mid-day trading on Monday, reaching $63.96. The company’s stock had a trading volume of 66,942 shares. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 15.43 and a beta of 0.68. Clearwater Paper Corp. has a 1-year low of $32.00 and a 1-year high of $69.75. The firm has a 50-day moving average of $62.04 and a 200 day moving average of $59.69.
Clearwater Paper Corp. (NYSE:CLW) last announced its earnings results on Thursday, July 21st. The company reported $1.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.22. Clearwater Paper Corp. had a return on equity of 16.79% and a net margin of 4.23%. The business earned $436.70 million during the quarter, compared to analysts’ expectations of $437.09 million. Equities analysts expect that Clearwater Paper Corp. will post $3.78 earnings per share for the current year.
In related news, insider John Hertz sold 4,725 shares of the stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $62.52, for a total value of $295,407.00. Following the completion of the sale, the insider now directly owns 30,972 shares of the company’s stock, valued at approximately $1,936,369.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Palo Capital Inc. acquired a new stake in shares of Clearwater Paper Corp. during the second quarter valued at about $392,000. First Quadrant L P CA acquired a new stake in shares of Clearwater Paper Corp. during the second quarter valued at about $896,000. Acadian Asset Management LLC acquired a new stake in shares of Clearwater Paper Corp. during the second quarter valued at about $256,000. Dalton Greiner Hartman Maher & Co. increased its stake in shares of Clearwater Paper Corp. by 0.3% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 247,975 shares of the company’s stock valued at $16,210,000 after buying an additional 680 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Clearwater Paper Corp. by 94.4% in the second quarter. BNP Paribas Arbitrage SA now owns 5,933 shares of the company’s stock valued at $388,000 after buying an additional 2,881 shares in the last quarter. 86.42% of the stock is owned by hedge funds and other institutional investors.
Clearwater Paper Corp. Company Profile
Clearwater Paper Corporation manufactures quality consumer tissue, away-from-home (AFH), tissue, parent roll tissue, bleached paperboard and pulp at manufacturing facilities across the nation. The Company is a supplier of private label tissue to retailers and wholesale distributors, including grocery, drug, mass merchants and discount stores.
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