Clearwater Paper Corporation (NYSE:CLW) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Other equities analysts have also issued research reports about the company. Zacks Investment Research raised Clearwater Paper Corporation from a “strong sell” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Wednesday, June 21st. Vertical Research raised Clearwater Paper Corporation from a “hold” rating to a “buy” rating in a research note on Monday, April 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $60.50.

Clearwater Paper Corporation (NYSE:CLW) traded down 0.67% on Friday, reaching $44.75. The company had a trading volume of 52,180 shares. The company has a market capitalization of $735.29 million, a price-to-earnings ratio of 19.55 and a beta of 1.06. Clearwater Paper Corporation has a 12 month low of $43.60 and a 12 month high of $69.75. The company’s 50 day moving average price is $45.85 and its 200-day moving average price is $55.03.

Clearwater Paper Corporation (NYSE:CLW) last issued its quarterly earnings results on Thursday, April 20th. The basic materials company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by $0.20. Clearwater Paper Corporation had a net margin of 2.23% and a return on equity of 10.34%. The firm had revenue of $437.53 million for the quarter, compared to analyst estimates of $433.26 million. During the same period last year, the company earned $1.09 EPS. The company’s revenue was up .1% compared to the same quarter last year. On average, equities analysts predict that Clearwater Paper Corporation will post $2.78 earnings per share for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. raised its position in Clearwater Paper Corporation by 51.6% in the first quarter. Victory Capital Management Inc. now owns 2,159 shares of the basic materials company’s stock valued at $121,000 after buying an additional 735 shares during the last quarter. ClariVest Asset Management LLC bought a new position in Clearwater Paper Corporation during the first quarter valued at $162,000. US Bancorp DE raised its position in Clearwater Paper Corporation by 1.0% in the first quarter. US Bancorp DE now owns 3,714 shares of the basic materials company’s stock valued at $208,000 after buying an additional 35 shares during the last quarter. Mason Street Advisors LLC raised its position in Clearwater Paper Corporation by 5.4% in the first quarter. Mason Street Advisors LLC now owns 3,850 shares of the basic materials company’s stock valued at $216,000 after buying an additional 196 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in Clearwater Paper Corporation by 5.2% in the first quarter. BNP Paribas Arbitrage SA now owns 4,473 shares of the basic materials company’s stock valued at $250,000 after buying an additional 220 shares during the last quarter. 86.20% of the stock is currently owned by hedge funds and other institutional investors.

Clearwater Paper Corporation Company Profile

Clearwater Paper Corporation manufactures consumer tissue, away-from-home (AFH) tissue, parent roll tissue, bleached paperboard and pulp at manufacturing facilities across the nation. The Company operates through two segments: Consumer Products segment, and Pulp and Paperboard segment. The Company’s Consumer Products segment manufactures and sells a line of at-home tissue products, as well as AFH products.

Analyst Recommendations for Clearwater Paper Corporation (NYSE:CLW)

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