ValuEngine upgraded shares of Clearwater Paper (NYSE:CLW) from a sell rating to a hold rating in a research report sent to investors on Thursday, ValuEngine reports.

Several other research analysts also recently weighed in on the stock. Royal Bank of Canada downgraded shares of Clearwater Paper from a sector perform rating to an underperform rating and lowered their price objective for the stock from $20.00 to $15.00 in a report on Thursday, August 1st. Zacks Investment Research downgraded shares of Clearwater Paper from a hold rating to a sell rating in a report on Monday, July 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. Clearwater Paper currently has an average rating of Hold and a consensus target price of $30.33.

Shares of Clearwater Paper stock traded up $0.24 during trading on Thursday, reaching $18.73. 54,259 shares of the company traded hands, compared to its average volume of 220,774. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.95 and a quick ratio of 0.43. The company has a 50 day moving average price of $16.80 and a 200-day moving average price of $18.87. Clearwater Paper has a 1-year low of $13.87 and a 1-year high of $35.27. The firm has a market capitalization of $295.29 million, a PE ratio of 7.35 and a beta of 1.96.

Clearwater Paper (NYSE:CLW) last released its quarterly earnings data on Wednesday, July 31st. The basic materials company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.16). Clearwater Paper had a positive return on equity of 6.82% and a negative net margin of 8.64%. The business had revenue of $451.99 million for the quarter, compared to analyst estimates of $448.35 million. Equities research analysts expect that Clearwater Paper will post -0.2 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. grew its position in Clearwater Paper by 4.3% during the second quarter. Crossmark Global Holdings Inc. now owns 15,100 shares of the basic materials company’s stock valued at $279,000 after buying an additional 617 shares during the period. Bank of New York Mellon Corp grew its position in Clearwater Paper by 0.7% during the second quarter. Bank of New York Mellon Corp now owns 222,619 shares of the basic materials company’s stock valued at $4,117,000 after buying an additional 1,517 shares during the period. Victory Capital Management Inc. grew its position in Clearwater Paper by 25.2% during the first quarter. Victory Capital Management Inc. now owns 9,370 shares of the basic materials company’s stock valued at $183,000 after buying an additional 1,886 shares during the period. BNP Paribas Arbitrage SA grew its position in Clearwater Paper by 78.0% during the first quarter. BNP Paribas Arbitrage SA now owns 4,428 shares of the basic materials company’s stock valued at $86,000 after buying an additional 1,940 shares during the period. Finally, Quantamental Technologies LLC bought a new position in Clearwater Paper during the second quarter valued at about $38,000. Hedge funds and other institutional investors own 83.70% 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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