Clearwater Paper Corporation (NYSE:CLW) has received an average recommendation of “Hold” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $60.00.

A number of equities research analysts recently weighed in on CLW shares. KeyCorp restated a “hold” rating on shares of Clearwater Paper Corporation in a report on Thursday, October 19th. Zacks Investment Research cut Clearwater Paper Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Royal Bank Of Canada lowered their price target on Clearwater Paper Corporation from $63.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, August 4th. Finally, BidaskClub cut Clearwater Paper Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 8th.

Clearwater Paper Corporation (CLW) opened at 46.15 on Wednesday. The stock has a 50 day moving average price of $46.22 and a 200 day moving average price of $46.64. Clearwater Paper Corporation has a 52-week low of $42.20 and a 52-week high of $68.40. The stock has a market cap of $758.38 million, a P/E ratio of 29.75 and a beta of 1.05.

Clearwater Paper Corporation (NYSE:CLW) last released its quarterly earnings results on Thursday, October 19th. The basic materials company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.18. The business had revenue of $426.50 million for the quarter, compared to analysts’ expectations of $426.87 million. Clearwater Paper Corporation had a return on equity of 7.38% and a net margin of 1.50%. The company’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 EPS. On average, equities research analysts forecast that Clearwater Paper Corporation will post $2.29 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its stake in Clearwater Paper Corporation by 0.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,372 shares of the basic materials company’s stock valued at $345,000 after buying an additional 68 shares in the last quarter. Texas Permanent School Fund lifted its stake in Clearwater Paper Corporation by 0.6% in the 2nd quarter. Texas Permanent School Fund now owns 11,996 shares of the basic materials company’s stock valued at $561,000 after buying an additional 76 shares in the last quarter. Stevens Capital Management LP lifted its stake in Clearwater Paper Corporation by 2.4% in the 2nd quarter. Stevens Capital Management LP now owns 8,575 shares of the basic materials company’s stock valued at $401,000 after buying an additional 205 shares in the last quarter. Paloma Partners Management Co lifted its stake in Clearwater Paper Corporation by 3.2% in the 1st quarter. Paloma Partners Management Co now owns 10,871 shares of the basic materials company’s stock valued at $608,000 after buying an additional 340 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Clearwater Paper Corporation by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,539 shares of the basic materials company’s stock valued at $119,000 after buying an additional 380 shares in the last quarter. Institutional investors and hedge funds own 84.55% of the company’s stock.

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About Clearwater Paper Corporation

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.

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