Clearwater Paper (NYSE:CLW) Research coverage has begun on StockNews.com
Stock market analysts at StockNews.com began to cover the shares of Clearwater Paper (NYSE: CLW – Get a rating) in a report released Wednesday. The company has placed a “buy” rating on shares of the basic materials company.
Other equity research analysts have also published research reports on the company. BMO Capital Markets raised its target price on Clearwater Paper from $40.00 to $47.00 and gave the company an “outperform” rating in a Thursday, Aug. 4 research note. Royal Bank of Canada upgraded Clearwater Paper from an “industry performance” rating to an “outperform” rating and raised its target price for the company from $40.00 to $45.00 in a rating of research from Wednesday, August 3. Finally, TheStreet upgraded Clearwater Paper from a “c” rating to a “b” rating in a Wednesday, August 3 research note.
Performance of Clearwater Paper Stocks
Clearwater Paper stock opened at $38.36 on Wednesday. The company has a debt ratio of 1.08, a current ratio of 1.86 and a quick ratio of 0.90. Clearwater Paper has a 12-month low of $25.07 and a 12-month high of $46.48. The company has a market capitalization of $642.18 million, a price-earnings ratio of 15.34 and a beta of 0.89. The stock’s 50-day moving average is $41.62 and its 200-day moving average is $35.45.
Clearwater Paper (NYSE: CLW – Get a rating) last reported results on Tuesday, August 2. The basic materials company reported earnings per share (EPS) of $1.11 for the quarter, missing analyst consensus estimates of $1.18 per ($0.07). Clearwater Paper had a net margin of 2.19% and a return on equity of 11.51%. The company posted revenue of $526.40 million in the quarter, versus analyst estimates of $509.00 million. During the same quarter last year, the company posted ($1.07) EPS. Stock analysts expect Clearwater Paper to post earnings per share of 4.1 for the current year.
Insider Buying and Selling at Clearwater Paper
In other Clearwater Paper news, Vice Chairman Michael S. Gadd sold 8,691 shares of the company in a trade that took place Thursday, August 4. The stock was sold at an average price of $42.02, for a total transaction of $365,195.82. Following the completion of the sale, the vice president now owns 69,866 shares of the company, valued at approximately $2,935,769.32. The sale was disclosed in a legal filing with the SEC, which is available via the SEC website. 1.77% of the shares are held by insiders.
Institutional entries and exits
Several hedge funds have recently changed their positions in CLW. Koshinski Asset Management Inc. acquired a new position in shares of Clearwater Paper in Q1 worth approximately $48,000. Strs Ohio increased its position in Clearwater Paper shares by 192.8% in the first quarter. Strs Ohio now owns 20,200 shares of the basic materials company worth $566,000 after acquiring 13,300 additional shares in the last quarter. Miracle Mile Advisors LLC increased its position in Clearwater Paper shares by 533.9% in Q1. Miracle Mile Advisors LLC now owns 37,400 shares of the basic materials company worth $1,048,000 after acquiring 31,500 additional shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Clearwater Paper in Q1 worth approximately $29,000. Finally, Victory Capital Management Inc. increased its position in Clearwater Paper shares by 238.1% in the 1st quarter. Victory Capital Management Inc. now owns 59,692 shares of the basic materials company worth $1,779,000 after acquiring 42,036 additional shares in the last quarter. Institutional investors and hedge funds hold 87.82% of the company’s shares.
Clearwater Paper Company Profile
Clearwater Paper Corporation manufactures and supplies bleached paperboard and bathroom tissue for consumers and parents in the United States and around the world. It operates through two segments, Pulp and Paperboard and Consumer Products. The Pulp and Paperboard segment offers folding cartons, liquid packaging, cups and plates, blister and paperboard packaging products, top sheet and commercial printing items, and softwood pulp products , as well as sheets, slits and custom die-cuts of cardboard products.
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