Clearwater Paper Corporation (NYSE:CLW) Stock Has Consensus Target Price of $19.50 According to Brokerages

by · The Cerbat Gem

Clearwater Paper Corporation (NYSE:CLW – Get Free Report) has been assigned a consensus rating of “Hold” from the eight research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $19.50.

Several equities research analysts have issued reports on the company. Wall Street Zen downgraded Clearwater Paper from a “hold” rating to a “sell” rating in a report on Sunday, June 28th. Zacks Research raised shares of Clearwater Paper to a “hold” rating in a research report on Monday, July 6th. Truist Financial increased their price objective on shares of Clearwater Paper from $12.00 to $17.00 and gave the company a “hold” rating in a research report on Wednesday, July 15th. TD Securities restated a “hold” rating and set a $20.00 target price on shares of Clearwater Paper in a research note on Wednesday, July 29th. Finally, Bank of America lifted their target price on shares of Clearwater Paper from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, September 11th.

Check Out Our Latest Report on CLW

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CLW. BlackRock Inc. bought a new stake in shares of Clearwater Paper in the second quarter valued at about $19,788,000. Readystate Asset Management LP grew its stake in shares of Clearwater Paper by 2.5% in the first quarter. Readystate Asset Management LP now owns 781,384 shares of the basic materials company’s stock valued at $11,236,000 after acquiring an additional 19,246 shares in the last quarter. Invenomic Capital Management LP increased its position in Clearwater Paper by 113.0% during the fourth quarter. Invenomic Capital Management LP now owns 320,212 shares of the basic materials company’s stock worth $5,572,000 after acquiring an additional 169,880 shares during the period. Renaissance Technologies LLC increased its position in Clearwater Paper by 107.4% during the first quarter. Renaissance Technologies LLC now owns 237,115 shares of the basic materials company’s stock worth $3,410,000 after acquiring an additional 122,815 shares during the period. Finally, Man Group plc bought a new position in Clearwater Paper during the second quarter worth about $2,986,000. Institutional investors own 89.98% of the company’s stock.

Clearwater Paper Stock Performance

Shares of CLW stock opened at $19.30 on Tuesday. The stock has a market cap of $311.39 million, a P/E ratio of -6.35 and a beta of 0.33. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.29 and a quick ratio of 1.17. The company has a fifty day moving average price of $20.66 and a two-hundred day moving average price of $17.55. Clearwater Paper has a one year low of $11.73 and a one year high of $23.59.

Clearwater Paper (NYSE:CLW – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The basic materials company reported ($1.75) EPS for the quarter, missing analysts’ consensus estimates of ($1.49) by ($0.26). The firm had revenue of $374.80 million during the quarter, compared to the consensus estimate of $374.80 million. Clearwater Paper had a negative net margin of 3.24% and a negative return on equity of 7.95%. As a group, equities analysts predict that Clearwater Paper will post -2.33 EPS for the current year.

Clearwater Paper Company Profile

(Get Free Report)

Clearwater Paper Corporation (NYSE: CLW) is a manufacturer of bleached paperboard products serving customers primarily in North America. Its paperboard is used in a range of consumer and commercial applications, including folding cartons, food and beverage packaging, liquid packaging, pharmaceutical packaging, and personal care products.

The company operates paperboard manufacturing facilities in the United States and supplies products to packaging converters, brand owners, and other industrial customers.

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