Clearwater Paper Corp (NYSE:CLW) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $20.91 and last traded at $21.00, with a volume of 748 shares traded. The stock had previously closed at $21.85.

Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of Clearwater Paper from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Wednesday, January 9th. ValuEngine lowered shares of Clearwater Paper from a “buy” rating to a “hold” rating in a research report on Tuesday, December 25th. Royal Bank of Canada reissued a “sector perform” rating and issued a $29.00 price target on shares of Clearwater Paper in a research report on Wednesday, March 13th. DA Davidson dropped their price target on shares of Clearwater Paper to $44.00 and set a “buy” rating on the stock in a research report on Thursday, March 14th. Finally, TheStreet lowered shares of Clearwater Paper from a “c” rating to a “d” rating in a research report on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $34.25.

The stock has a market capitalization of $359.43 million, a PE ratio of 8.36, a price-to-earnings-growth ratio of 10.73 and a beta of 1.80. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.40 and a current ratio of 0.99.

Clearwater Paper (NYSE:CLW) last announced its earnings results on Tuesday, March 12th. The basic materials company reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.01. Clearwater Paper had a negative net margin of 8.34% and a positive return on equity of 7.55%. The business had revenue of $428.71 million for the quarter, compared to analyst estimates of $413.21 million. Equities analysts predict that Clearwater Paper Corp will post 0.42 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in CLW. Public Employees Retirement System of Ohio increased its position in Clearwater Paper by 8.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 4,440 shares of the basic materials company’s stock worth $108,000 after acquiring an additional 337 shares during the period. Metropolitan Life Insurance Co. NY increased its position in Clearwater Paper by 390.2% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,726 shares of the basic materials company’s stock worth $140,000 after acquiring an additional 4,558 shares during the period. Oregon Public Employees Retirement Fund bought a new position in Clearwater Paper during the fourth quarter worth $153,000. State Board of Administration of Florida Retirement System bought a new position in Clearwater Paper during the third quarter worth $238,000. Finally, Man Group plc bought a new position in Clearwater Paper during the third quarter worth $255,000. 87.63% of the stock is currently owned by institutional investors and hedge funds.

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Clearwater Paper Company Profile (NYSE:CLW)

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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