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Shares of Clearwater Paper Corp. (NYSE:CLW) hit a new 52-week high during trading on Wednesday, American Banking News reports. The stock traded as high as $54.91 and last traded at $54.47, with a volume of 104,090 shares trading hands. The stock had previously closed at $52.83.

A number of analysts have recently weighed in on CLW shares. Analysts at RBC Capital initiated coverage on shares of Clearwater Paper Corp. in a research note to investors on Monday. They set an “outperform” rating and a $70.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Clearwater Paper Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, January 10th. They now have a $56.20 price target on the stock. Finally, analysts at Zacks upgraded shares of Clearwater Paper Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, November 13th. They now have a $53.20 price target on the stock. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $61.24.

Clearwater Paper Corp. has a 52-week low of $44.64 and a 52-week high of $53.91. The stock has a 50-day moving average of $51.71 and a 200-day moving average of $50.14. The company has a market cap of $1.147 billion and a price-to-earnings ratio of 27.29.

Clearwater Paper Corporation is a producer of private label tissue and paperboard products. The Company manufactures consumer tissue, away-from-home tissue (NYSE:CLW), parent rolls machine-glazed tissue, bleached paperboard and pulp at 15 manufacturing locations in the United States and Canada.

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