Clearwater Paper Corporation (NYSE:CLW) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Clearwater Paper Corporation (NYSE:CLW) have been assigned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $30.00.

Several research analysts have commented on the stock. Wall Street Zen upgraded shares of Clearwater Paper from a “sell” rating to a “hold” rating in a report on Saturday. TD Cowen assumed coverage on shares of Clearwater Paper in a report on Monday, September 22nd. They issued a “buy” rating and a $30.00 price objective for the company. Cowen assumed coverage on shares of Clearwater Paper in a report on Monday, September 22nd. They issued a “buy” rating for the company. Weiss Ratings restated a “sell (d+)” rating on shares of Clearwater Paper in a report on Wednesday, October 8th. Finally, TD Securities set a $30.00 price objective on shares of Clearwater Paper and gave the stock a “buy” rating in a report on Monday, September 22nd.

Clearwater Paper Stock Up 2.9%

Shares of Clearwater Paper stock opened at $18.17 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.88 and a current ratio of 2.10. Clearwater Paper has a 52-week low of $16.53 and a 52-week high of $33.56. The stock has a market capitalization of $291.45 million, a price-to-earnings ratio of 2.16 and a beta of 0.16. The company’s 50 day moving average price is $20.40 and its 200-day moving average price is $24.60.

Clearwater Paper (NYSE:CLW) last issued its earnings results on Thursday, March 7th. The basic materials company reported ($0.30) earnings per share (EPS) for the quarter. Clearwater Paper had a negative return on equity of 3.65% and a net margin of 9.14%.The firm had revenue of ($358.30) million during the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC lifted its position in Clearwater Paper by 34.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,185 shares of the basic materials company’s stock valued at $60,000 after buying an additional 563 shares during the period. Elite Financial Inc. purchased a new position in Clearwater Paper during the first quarter valued at $74,000. CWM LLC lifted its position in Clearwater Paper by 2,215.1% during the second quarter. CWM LLC now owns 3,380 shares of the basic materials company’s stock valued at $92,000 after buying an additional 3,234 shares during the period. Summit Securities Group LLC purchased a new position in Clearwater Paper during the first quarter valued at $98,000. Finally, SG Americas Securities LLC purchased a new position in Clearwater Paper during the third quarter valued at $114,000. 89.98% of the stock is currently owned by institutional investors.

About Clearwater Paper

Clearwater Paper Corporation manufactures and supplies bleached paperboards, and consumer and parent roll tissues in the United States and internationally. It operates through Pulp and Paperboard, and Consumer Products segments. The Pulp and Paperboard segment manufactures and markets bleached paperboard; Solid Bleached Sulfate paperboard that is used to produce folding cartons, liquid packaging, cups and plates, blister and carded packaging, and top sheet and commercial printing items; and hardwood and softwood pulp, as well as offers services that include custom sheeting, slitting, and cutting.