KeyCorp Reaffirms Hold Rating for Clearwater Paper Corporation (CLW) – Dispatch Tribunal


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.

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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.




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