Clearwater Paper (CLW) – Investment Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Clearwater Paper (NYSE: CLW) in the last few weeks:

  • 11/20/2018 – Clearwater Paper was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 11/15/2018 – Clearwater Paper was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $30.00 price target on the stock. According to Zacks, “Clearwater Paper,a standalone company,produces pulp and paperboard at six facilities across the country namely Lewiston, Idaho; Las Vegas, Nev.; Elwood, Ill.; and near McGehee, Ark. The company manufactures quality paperboard, consumer tissue, and wood products.It has direct access to the public capital markets .The company is a premier supplier of private label tissue to major retail grocery chains, and also produces bleached paperboard used by quality-conscious printers and packaging converters. “
  • 11/12/2018 – Clearwater Paper was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Clearwater Paper,a standalone company,produces pulp and paperboard at six facilities across the country namely Lewiston, Idaho; Las Vegas, Nev.; Elwood, Ill.; and near McGehee, Ark. The company manufactures quality paperboard, consumer tissue, and wood products.It has direct access to the public capital markets .The company is a premier supplier of private label tissue to major retail grocery chains, and also produces bleached paperboard used by quality-conscious printers and packaging converters. “
  • 11/9/2018 – Clearwater Paper had its price target lowered by analysts at Royal Bank of Canada from $32.00 to $31.00. They now have a “sector perform” rating on the stock.
  • 11/9/2018 – Clearwater Paper was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $29.00 price target on the stock. According to Zacks, “Clearwater Paper,a standalone company,produces pulp and paperboard at six facilities across the country namely Lewiston, Idaho; Las Vegas, Nev.; Elwood, Ill.; and near McGehee, Ark. The company manufactures quality paperboard, consumer tissue, and wood products.It has direct access to the public capital markets .The company is a premier supplier of private label tissue to major retail grocery chains, and also produces bleached paperboard used by quality-conscious printers and packaging converters. “

Shares of CLW opened at $30.73 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.10 and a quick ratio of 0.51. The company has a market cap of $500.84 million, a price-to-earnings ratio of 13.25, a P/E/G ratio of 2.42 and a beta of 1.29. Clearwater Paper Corp has a 52 week low of $21.55 and a 52 week high of $50.60.

Clearwater Paper (NYSE:CLW) last issued its quarterly earnings data on Thursday, November 8th. The basic materials company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.85. The firm had revenue of $426.46 million during the quarter, compared to analyst estimates of $434.38 million. Clearwater Paper had a return on equity of 8.27% and a net margin of 7.21%. During the same period in the previous year, the company posted $0.32 EPS. Analysts expect that Clearwater Paper Corp will post 2.52 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its holdings in Clearwater Paper by 4.7% during the 3rd quarter. BlackRock Inc. now owns 2,435,673 shares of the basic materials company’s stock worth $72,339,000 after purchasing an additional 108,439 shares in the last quarter. First Sabrepoint Capital Management LP purchased a new position in shares of Clearwater Paper in the 3rd quarter worth approximately $13,286,000. Pictet Asset Management Ltd. boosted its stake in shares of Clearwater Paper by 73.6% in the 3rd quarter. Pictet Asset Management Ltd. now owns 446,849 shares of the basic materials company’s stock worth $13,271,000 after buying an additional 189,477 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Clearwater Paper by 19.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 257,677 shares of the basic materials company’s stock worth $5,953,000 after buying an additional 41,418 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Clearwater Paper by 3.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 203,032 shares of the basic materials company’s stock worth $6,031,000 after buying an additional 7,254 shares during the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Clearwater Paper Corporation produces and sells produces and sells private label tissue and bleached paperboard products in the United States and internationally. It operates in two segments, Consumer Products, and Pulp and Paperboard. The Consumer Products segment manufactures and sells a line of at-home tissue products, including bathroom tissues, paper towels, facial tissues, and napkins; recycled fiber value grade products; and away-from-home products, such as conventional one- and two-ply bath tissues, two-ply paper towels, hard wound towels, and dispenser napkins.

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