Clearwater Paper (CLW) Lowered to Sell at Zacks Investment Research

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Zacks Investment Research cut shares of Clearwater Paper (NYSE:CLW) from a hold rating to a sell rating in a report released on Monday, Zacks.com reports.

According to Zacks, “Clearwater Paper,a standalone company,produces pulp and paperboard at six facilities across the country namely Lewiston, Idaho; Las Vegas, Nev.; Elwood, Ill.; and near McGehee, Ark. The company manufactures quality paperboard, consumer tissue, and wood products.It has direct access to the public capital markets .The company is a premier supplier of private label tissue to major retail grocery chains, and also produces bleached paperboard used by quality-conscious printers and packaging converters. “

Other analysts also recently issued reports about the stock. Royal Bank of Canada restated a sector perform rating and set a $29.00 price target on shares of Clearwater Paper in a research report on Wednesday, March 13th. TheStreet downgraded shares of Clearwater Paper from a c rating to a d rating in a research report on Wednesday, March 13th. ValuEngine upgraded shares of Clearwater Paper from a sell rating to a hold rating in a research report on Monday, April 1st. Finally, 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. Clearwater Paper currently has an average rating of Hold and a consensus price target of $35.00.

Shares of NYSE:CLW opened at $19.46 on Monday. The stock has a market capitalization of $322.87 million, a P/E ratio of 7.63, a PEG ratio of 9.42 and a beta of 1.75. Clearwater Paper has a fifty-two week low of $18.95 and a fifty-two week high of $35.27. 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 issued its quarterly earnings data on Tuesday, March 12th. The basic materials company reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The firm had revenue of $428.71 million for the quarter, compared to the consensus estimate of $413.21 million. Clearwater Paper had a negative net margin of 8.34% and a positive return on equity of 7.55%. On average, research analysts expect that Clearwater Paper will post 0.42 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Strs Ohio raised its holdings in shares of Clearwater Paper by 8.7% in the 1st quarter. Strs Ohio now owns 24,900 shares of the basic materials company’s stock worth $485,000 after purchasing an additional 2,000 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Clearwater Paper by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 172,674 shares of the basic materials company’s stock worth $4,208,000 after purchasing an additional 6,410 shares in the last quarter. Norges Bank bought a new stake in shares of Clearwater Paper in the 4th quarter worth approximately $2,630,000. Dimensional Fund Advisors LP raised its holdings in shares of Clearwater Paper by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,359,634 shares of the basic materials company’s stock worth $33,135,000 after purchasing an additional 30,510 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of 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 worth $108,000 after purchasing an additional 337 shares in the last quarter. Institutional investors and hedge funds own 87.91% 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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