DA Davidson upgraded shares of Clearwater Paper Corp. (NYSE:CLW) from a neutral rating to a buy rating in a research note released on Monday morning. The brokerage currently has $72.00 target price on the stock. The analysts noted that the move was a valuation call.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Clearwater Paper Corp. from a hold rating to a buy rating and set a $69.00 target price on the stock in a report on Monday, July 25th. Vertical Research cut shares of Clearwater Paper Corp. from a buy rating to a hold rating in a report on Friday, July 22nd. Vertical Group cut shares of Clearwater Paper Corp. from a buy rating to a hold rating in a report on Friday, July 22nd. RBC Capital Markets restated a sector perform rating and issued a $60.00 target price (up previously from $56.00) on shares of Clearwater Paper Corp. in a report on Sunday, July 24th. Finally, Royal Bank Of Canada raised their target price on shares of Clearwater Paper Corp. from $56.00 to $60.00 and gave the stock a sector perform rating in a report on Friday, July 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Clearwater Paper Corp. presently has an average rating of Hold and an average price target of $69.33.

Clearwater Paper Corp. (NYSE:CLW) opened at 62.35 on Monday. The stock has a 50 day moving average of $59.50 and a 200 day moving average of $61.82. The company has a market cap of $1.04 billion, a PE ratio of 20.85 and a beta of 0.97. Clearwater Paper Corp. has a 12-month low of $32.00 and a 12-month high of $69.75.

Clearwater Paper Corp. (NYSE:CLW) last issued its earnings results on Thursday, October 20th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.07. Clearwater Paper Corp. had a return on equity of 11.76% and a net margin of 2.97%. The company earned $435.30 million during the quarter, compared to analysts’ expectations of $432.47 million. During the same quarter in the prior year, the business posted $1.28 EPS. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. Equities analysts expect that Clearwater Paper Corp. will post $3.57 earnings per share for the current year.

In other Clearwater Paper Corp. news, insider John Hertz sold 4,725 shares of the stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $62.52, for a total transaction of $295,407.00. Following the transaction, the insider now directly owns 30,972 shares of the company’s stock, valued at $1,936,369.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Michael S. Gadd sold 5,129 shares of the stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $54.82, for a total transaction of $281,171.78. Following the transaction, the insider now directly owns 22,513 shares in the company, valued at $1,234,162.66. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the stock. Cornerstone Capital Management Holdings LLC. bought a new position in Clearwater Paper Corp. during the third quarter valued at about $491,000. Panagora Asset Management Inc. increased its position in Clearwater Paper Corp. by 88.5% in the third quarter. Panagora Asset Management Inc. now owns 111,029 shares of the company’s stock valued at $7,180,000 after buying an additional 52,121 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in Clearwater Paper Corp. during the third quarter valued at about $737,000. HBK Investments L P bought a new position in Clearwater Paper Corp. during the third quarter valued at about $841,000. Finally, Two Sigma Advisers LP increased its position in Clearwater Paper Corp. by 37.1% in the third quarter. Two Sigma Advisers LP now owns 61,300 shares of the company’s stock valued at $3,964,000 after buying an additional 16,600 shares during the last quarter. 88.11% of the stock is currently owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:CLW

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