Clearwater Paper Corporation (NYSE:CLW)‘s stock had its “hold” rating reiterated by equities research analysts at KeyCorp in a research note issued to investors on Thursday, October 19th.
A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Clearwater Paper Corporation from a “hold” rating to a “sell” rating in a research note on Monday, October 9th. Royal Bank Of Canada decreased their target price on shares of Clearwater Paper Corporation from $63.00 to $60.00 and set a “sector perform” rating for the company in a research note on Friday, August 4th. Finally, BidaskClub lowered shares of Clearwater Paper Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $64.00.
Clearwater Paper Corporation (CLW) traded down 0.97% during midday trading on Thursday, hitting $45.85. The stock had a trading volume of 156,845 shares. Clearwater Paper Corporation has a 52 week low of $42.20 and a 52 week high of $68.40. The company’s 50 day moving average price is $46.26 and its 200-day moving average price is $46.84. The stock has a market capitalization of $753.45 million, a price-to-earnings ratio of 29.56 and a beta of 1.05.
Clearwater Paper Corporation (NYSE:CLW) last announced its quarterly earnings data on Thursday, October 19th. The basic materials company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.18. The company had revenue of $426.50 million during the quarter, compared to analyst estimates of $426.87 million. Clearwater Paper Corporation had a net margin of 1.50% and a return on equity of 7.38%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.14 EPS. Equities analysts anticipate that Clearwater Paper Corporation will post $2.29 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This report was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright legislation. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2017/10/29/clearwater-paper-corporations-clw-hold-rating-reaffirmed-at-keycorp.html.
In related news, insider Michael S. Gadd sold 1,546 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $50.04, for a total value of $77,361.84. Following the completion of the transaction, the insider now owns 17,464 shares of the company’s stock, valued at approximately $873,898.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.41% of the company’s stock.
A number of institutional investors have recently modified their holdings of CLW. Crossmark Global Holdings Inc. bought a new position in shares of Clearwater Paper Corporation during the 3rd quarter valued at about $256,000. Pictet Asset Management Ltd. boosted its holdings in shares of Clearwater Paper Corporation by 97.8% during the 3rd quarter. Pictet Asset Management Ltd. now owns 219,401 shares of the basic materials company’s stock valued at $10,806,000 after purchasing an additional 108,498 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Clearwater Paper Corporation by 39.1% during the 3rd quarter. First Trust Advisors LP now owns 41,259 shares of the basic materials company’s stock valued at $2,032,000 after purchasing an additional 11,596 shares during the last quarter. Personal Capital Advisors Corp boosted its holdings in shares of Clearwater Paper Corporation by 199.6% during the 3rd quarter. Personal Capital Advisors Corp now owns 33,082 shares of the basic materials company’s stock valued at $1,629,000 after purchasing an additional 22,041 shares during the last quarter. Finally, Shell Asset Management Co. boosted its holdings in shares of Clearwater Paper Corporation by 34.3% during the 3rd quarter. Shell Asset Management Co. now owns 34,446 shares of the basic materials company’s stock valued at $2,071,000 after purchasing an additional 8,806 shares during the last quarter. 84.44% of the stock is owned by institutional investors.
About Clearwater Paper Corporation
Clearwater Paper Corporation manufactures consumer tissue, away-from-home (AFH) tissue, parent roll tissue, bleached paperboard and pulp at manufacturing facilities across the nation. The Company operates through two segments: Consumer Products segment, and Pulp and Paperboard segment. The Company’s Consumer Products segment manufactures and sells a line of at-home tissue products, as well as AFH products.
Receive News & Ratings for Clearwater Paper Corporation Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Clearwater Paper Corporation and related companies with MarketBeat.com’s FREE daily email newsletter.