Shares of Clearwater Paper Corp (NYSE:CLW) have earned an average rating of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $34.25.

CLW has been the subject of several recent analyst reports. ValuEngine lowered shares of Clearwater Paper from a “buy” rating to a “hold” rating in a research note on Tuesday, December 25th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $29.00 target price on shares of Clearwater Paper in a research note on Wednesday. Zacks Investment Research upgraded shares of Clearwater Paper from a “hold” rating to a “strong-buy” rating and set a $30.00 target price for the company in a research note on Thursday, November 15th. DA Davidson reduced their target price on shares of Clearwater Paper to $44.00 and set a “buy” rating for the company in a research note on Thursday. Finally, TheStreet lowered shares of Clearwater Paper from a “c” rating to a “d” rating in a research note on Wednesday.

CLW opened at $22.57 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.51 and a current ratio of 1.10. Clearwater Paper has a 1-year low of $21.12 and a 1-year high of $40.85. The firm has a market cap of $437.84 million, a price-to-earnings ratio of 8.85, a price-to-earnings-growth ratio of 3.89 and a beta of 1.80.

Clearwater Paper (NYSE:CLW) last released its quarterly earnings data on Tuesday, March 12th. The basic materials company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. Clearwater Paper had a negative net margin of 8.34% and a positive return on equity of 7.00%. The firm had revenue of $428.71 million for the quarter, compared to the consensus estimate of $413.21 million.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its stake 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 acquiring an additional 6,410 shares in the last quarter. Norges Bank bought a new position in Clearwater Paper during the fourth quarter valued at about $2,630,000. Dimensional Fund Advisors LP grew its position in Clearwater Paper by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,359,634 shares of the basic materials company’s stock valued at $33,135,000 after buying an additional 30,510 shares during the period. Public Employees Retirement System of Ohio grew its position in Clearwater Paper by 8.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 4,440 shares of the basic materials company’s stock valued at $108,000 after buying an additional 337 shares during the period. Finally, Macquarie Group Ltd. grew its position in Clearwater Paper by 1.2% during the fourth 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. Hedge funds and other institutional investors own 87.63% of the company’s stock.

About Clearwater Paper

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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