Clearwater Paper (CLW) Lifted to Hold at ValuEngine

ValuEngine upgraded shares of Clearwater Paper (NYSE:CLW) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.

Other analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Clearwater Paper from a hold rating to a buy rating and set a $29.00 price target for the company in a research note on Friday, November 9th. Royal Bank of Canada dropped their price target on shares of Clearwater Paper from $32.00 to $31.00 and set a sector perform rating for the company in a research note on Friday, November 9th.

Shares of NYSE:CLW opened at $28.25 on Tuesday. 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 firm has a market capitalization of $464.65 million, a P/E ratio of 12.18, a P/E/G ratio of 2.25 and a beta of 1.29. Clearwater Paper has a 12-month low of $21.55 and a 12-month high of $50.60.

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

Several large investors have recently modified their holdings of CLW. Tower Research Capital LLC TRC increased its stake in shares of Clearwater Paper by 209.9% in the second quarter. Tower Research Capital LLC TRC now owns 4,360 shares of the basic materials company’s stock worth $101,000 after buying an additional 2,953 shares during the last quarter. Riverhead Capital Management LLC increased its stake in shares of Clearwater Paper by 67.7% in the second quarter. Riverhead Capital Management LLC now owns 5,200 shares of the basic materials company’s stock worth $120,000 after buying an additional 2,100 shares during the last quarter. Flinton Capital Management LLC increased its stake in shares of Clearwater Paper by 72.5% in the second quarter. Flinton Capital Management LLC now owns 5,338 shares of the basic materials company’s stock worth $123,000 after buying an additional 2,244 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Clearwater Paper in the third quarter worth $217,000. Finally, State Board of Administration of Florida Retirement System bought a new stake in shares of Clearwater Paper in the third quarter worth $238,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

About Clearwater Paper

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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