Clearwater Paper Corporation (NYSE:CLW) Receives $22.25 Consensus Price Target from Analysts

Shares of Clearwater Paper Corporation (NYSE:CLW) have received an average rating of “Hold” from the five ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $22.25.

A number of equities research analysts have recently weighed in on CLW shares. TD Securities dropped their price objective on shares of Clearwater Paper from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Royal Bank Of Canada dropped their price target on Clearwater Paper from $25.00 to $23.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of Clearwater Paper in a report on Monday, December 29th. Finally, Truist Financial decreased their target price on Clearwater Paper from $21.00 to $16.00 and set a “hold” rating for the company in a report on Thursday, February 19th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Readystate Asset Management LP boosted its holdings in Clearwater Paper by 19.2% in the third quarter. Readystate Asset Management LP now owns 762,138 shares of the basic materials company’s stock valued at $15,822,000 after purchasing an additional 122,688 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Clearwater Paper by 33.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 557,953 shares of the basic materials company’s stock valued at $9,708,000 after buying an additional 139,013 shares during the period. Towle & Co. boosted its stake in shares of Clearwater Paper by 12.4% in the third quarter. Towle & Co. now owns 366,798 shares of the basic materials company’s stock worth $7,615,000 after buying an additional 40,575 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Clearwater Paper by 158.1% in the fourth quarter. Millennium Management LLC now owns 360,795 shares of the basic materials company’s stock worth $6,278,000 after buying an additional 221,029 shares during the last quarter. Finally, Invenomic Capital Management LP grew its holdings in Clearwater Paper by 113.0% during the fourth quarter. Invenomic Capital Management LP now owns 320,212 shares of the basic materials company’s stock worth $5,572,000 after acquiring an additional 169,880 shares during the period. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Clearwater Paper Stock Performance

CLW opened at $14.74 on Monday. The company has a market cap of $236.43 million, a P/E ratio of -13.16 and a beta of 0.23. The company has a quick ratio of 1.13, a current ratio of 2.43 and a debt-to-equity ratio of 0.42. The firm’s 50-day moving average price is $17.36 and its 200-day moving average price is $18.73. Clearwater Paper has a 52-week low of $13.84 and a 52-week high of $30.96.

Clearwater Paper (NYSE:CLW) last released its earnings results on Wednesday, February 18th. The basic materials company reported ($0.42) EPS for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.08. Clearwater Paper had a negative net margin of 1.20% and a negative return on equity of 2.11%. The company had revenue of $386.40 million during the quarter, compared to analysts’ expectations of $379.00 million.

About Clearwater Paper

Clearwater Paper Corporation is an independent manufacturer of premium tissue and pulp and paperboard products for private-label and commercial customers in North America. The company operates through two core segments: Consumer Products, which produces bathroom tissue, paper towels and other away-from-home tissue products under private-label contracts; and Pulp & Paperboard, which supplies bleached paperboard used in folding cartons, foodservice packaging and specialty paper applications.

The Consumer Products segment services retail grocers, warehouse clubs, online merchants and janitorial distributors, leveraging multiple converting facilities to produce roll and folded tissue items for both household and institutional use.