Shares of Clearwater Paper Corporation (NYSE:CLW) have been given a consensus recommendation of “Hold” by the eight analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $60.00.

A number of equities analysts have recently issued reports on CLW shares. Zacks Investment Research lowered shares of Clearwater Paper from a “hold” rating to a “sell” rating in a research report on Monday, October 9th. KeyCorp restated a “hold” rating on shares of Clearwater Paper in a report on Thursday, October 12th.

A number of hedge funds and other institutional investors have recently made changes to their positions in CLW. Riverhead Capital Management LLC lifted its holdings in Clearwater Paper by 80.3% in the second quarter. Riverhead Capital Management LLC now owns 2,164 shares of the basic materials company’s stock valued at $101,000 after buying an additional 964 shares during the period. Victory Capital Management Inc. lifted its holdings in Clearwater Paper by 17.6% in the second 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 during the period. Public Employees Retirement System of Ohio lifted its holdings in Clearwater Paper by 17.2% in the second quarter. Public Employees Retirement System of Ohio now owns 2,861 shares of the basic materials company’s stock valued at $134,000 after buying an additional 420 shares during the period. SG Americas Securities LLC acquired a new position in Clearwater Paper in the third quarter valued at approximately $182,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in Clearwater Paper in the third quarter valued at approximately $204,000. Institutional investors and hedge funds own 86.18% of the company’s stock.

Clearwater Paper (CLW) opened at $49.40 on Monday. Clearwater Paper has a 12-month low of $42.20 and a 12-month high of $66.68. The stock has a market cap of $811.81, a P/E ratio of 32.08, a PEG ratio of 3.21 and a beta of 1.02. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.43 and a current ratio of 1.11.

Clearwater Paper (NYSE:CLW) last announced its earnings results on Thursday, October 19th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.18. Clearwater Paper had a net margin of 1.50% and a return on equity of 7.38%. The company had revenue of $426.50 million for the quarter, compared to analyst estimates of $426.87 million. During the same period in the prior year, the business earned $0.14 earnings per share. Clearwater Paper’s quarterly revenue was down 2.0% on a year-over-year basis. research analysts anticipate that Clearwater Paper will post 2.22 EPS for the current fiscal year.

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Clearwater Paper 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.

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