ValuEngine Upgrades Clearwater Paper (NYSE:CLW) to Hold

Clearwater Paper (NYSE:CLW) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a report issued on Wednesday, ValuEngine reports.

Several other brokerages have also issued reports on CLW. Royal Bank of Canada reduced their price objective on shares of Clearwater Paper from $24.00 to $22.00 and set a “sector perform” rating on the stock in a report on Thursday, May 2nd. KeyCorp restated a “hold” rating on shares of Clearwater Paper in a report on Wednesday, May 1st. Finally, Zacks Investment Research lowered shares of Clearwater Paper from a “hold” rating to a “sell” rating in a report on Monday, July 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $30.33.

Shares of NYSE CLW traded up $0.54 during trading on Wednesday, hitting $17.47. 75,261 shares of the company were exchanged, compared to its average volume of 115,602. Clearwater Paper has a 12-month low of $15.25 and a 12-month high of $35.27. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.94 and a quick ratio of 0.39. The company’s fifty day moving average is $18.50. The stock has a market cap of $324.69 million, a price-to-earnings ratio of 6.85 and a beta of 1.85.

Clearwater Paper (NYSE:CLW) last posted its quarterly earnings results on Wednesday, July 31st. The basic materials company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.16). Clearwater Paper had a positive return on equity of 7.76% and a negative net margin of 8.31%. The company had revenue of $451.99 million for the quarter, compared to analysts’ expectations of $448.35 million. On average, analysts anticipate that Clearwater Paper will post -0.3 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Macquarie Group Ltd. raised its holdings in Clearwater Paper by 1.2% in the 4th quarter. Macquarie Group Ltd. now owns 25,700 shares of the basic materials company’s stock valued at $626,000 after buying an additional 300 shares during the period. Public Employees Retirement System of Ohio grew its position in Clearwater Paper by 8.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 4,440 shares of the basic materials company’s stock valued at $108,000 after acquiring an additional 337 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in Clearwater Paper by 4.3% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 15,100 shares of the basic materials company’s stock valued at $279,000 after acquiring an additional 617 shares in the last quarter. Principal Financial Group Inc. grew its position in Clearwater Paper by 0.5% in the 4th quarter. Principal Financial Group Inc. now owns 133,640 shares of the basic materials company’s stock valued at $3,257,000 after acquiring an additional 728 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. grew its position in Clearwater Paper by 12.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 12,892 shares of the basic materials company’s stock valued at $314,000 after acquiring an additional 1,395 shares in the last quarter. Hedge funds and other institutional investors own 82.75% of the company’s stock.

Clearwater Paper Company Profile

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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