Clearwater Paper (NYSE:CLW) Upgraded at Wall Street Zen

Clearwater Paper (NYSE:CLW) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other equities research analysts also recently weighed in on CLW. Royal Bank Of Canada lowered their price target on Clearwater Paper from $20.00 to $19.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. TD Cowen cut Clearwater Paper from a “buy” rating to a “hold” rating and set a $17.00 price objective on the stock. in a report on Wednesday, April 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Clearwater Paper in a research note on Friday, May 8th. TD downgraded shares of Clearwater Paper from a “buy” rating to a “hold” rating and decreased their price target for the stock from $19.00 to $17.00 in a research note on Wednesday, April 29th. Finally, TD Securities downgraded Clearwater Paper from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Clearwater Paper currently has a consensus rating of “Hold” and an average price target of $17.00.

Clearwater Paper Trading Down 0.1%

Shares of Clearwater Paper stock opened at $16.78 on Friday. Clearwater Paper has a 1 year low of $11.73 and a 1 year high of $30.96. The firm has a market cap of $270.49 million, a PE ratio of -10.90 and a beta of 0.27. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.61 and a quick ratio of 1.26. The company has a 50 day simple moving average of $15.04 and a two-hundred day simple moving average of $16.10.

Clearwater Paper (NYSE:CLW) last issued its quarterly earnings results on Tuesday, April 28th. The basic materials company reported ($1.29) EPS for the quarter, topping analysts’ consensus estimates of ($1.32) by $0.03. The firm had revenue of $360.30 million for the quarter, compared to analyst estimates of $363.55 million. Clearwater Paper had a negative net margin of 1.63% and a negative return on equity of 3.94%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CLW. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Clearwater Paper by 4.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,629 shares of the basic materials company’s stock worth $244,000 after purchasing an additional 390 shares during the last quarter. Caxton Associates LLP purchased a new position in Clearwater Paper during the 1st quarter valued at approximately $204,000. Empowered Funds LLC increased its stake in Clearwater Paper by 3.0% in the 1st quarter. Empowered Funds LLC now owns 115,315 shares of the basic materials company’s stock worth $2,926,000 after acquiring an additional 3,368 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Clearwater Paper by 93.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 45,171 shares of the basic materials company’s stock worth $1,230,000 after acquiring an additional 21,803 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Clearwater Paper during the 2nd quarter worth approximately $304,000. Institutional investors own 89.98% of the company’s stock.

Clearwater Paper Company Profile

Clearwater Paper Corporation is an independent manufacturer of premium tissue and pulp and paperboard products for private-label and commercial customers in North America. The company operates through two core segments: Consumer Products, which produces bathroom tissue, paper towels and other away-from-home tissue products under private-label contracts; and Pulp & Paperboard, which supplies bleached paperboard used in folding cartons, foodservice packaging and specialty paper applications.

The Consumer Products segment services retail grocers, warehouse clubs, online merchants and janitorial distributors, leveraging multiple converting facilities to produce roll and folded tissue items for both household and institutional use.