Clearwater Paper (NYSE:CLW) Earns Outperform Rating from Royal Bank of Canada

Clearwater Paper (NYSE:CLW)‘s stock had its “outperform” rating restated by research analysts at Royal Bank of Canada in a note issued to investors on Tuesday, Benzinga reports. They currently have a $37.00 price target on the basic materials company’s stock. Royal Bank of Canada’s target price suggests a potential upside of 27.41% from the stock’s previous close.

Separately, StockNews.com downgraded Clearwater Paper from a “buy” rating to a “hold” rating in a report on Thursday, August 8th.

Clearwater Paper Stock Up 3.6 %

CLW stock opened at $29.04 on Tuesday. Clearwater Paper has a one year low of $24.51 and a one year high of $57.13. The firm has a market cap of $482.94 million, a PE ratio of 33.77 and a beta of 0.34. The firm’s 50 day moving average price is $28.54 and its 200-day moving average price is $40.29. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.74 and a current ratio of 1.73.

Clearwater Paper (NYSE:CLW) last announced its earnings results on Tuesday, August 6th. The basic materials company reported ($0.42) EPS for the quarter. The business had revenue of $586.40 million during the quarter. Clearwater Paper had a net margin of 0.74% and a return on equity of 4.34%.

Clearwater Paper declared that its board has approved a stock buyback plan on Monday, November 4th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the basic materials company to purchase up to 23.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Institutional Trading of Clearwater Paper

Large investors have recently made changes to their positions in the business. Innealta Capital LLC acquired a new position in Clearwater Paper during the second quarter valued at approximately $52,000. GAMMA Investing LLC grew its holdings in shares of Clearwater Paper by 30.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,096 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 255 shares during the last quarter. nVerses Capital LLC acquired a new position in Clearwater Paper in the 3rd quarter worth about $74,000. SG Americas Securities LLC acquired a new position in shares of Clearwater Paper during the first quarter worth $132,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in Clearwater Paper in the second quarter valued at approximately $153,000. Institutional investors own 89.98% of the company’s stock.

Clearwater Paper Company Profile

Clearwater Paper Corporation manufactures and supplies bleached paperboards, and consumer and parent roll tissues in the United States and internationally. It operates through Pulp and Paperboard, and Consumer Products segments. The Pulp and Paperboard segment manufactures and markets bleached paperboard; Solid Bleached Sulfate paperboard that is used to produce folding cartons, liquid packaging, cups and plates, blister and carded packaging, and top sheet and commercial printing items; and hardwood and softwood pulp, as well as offers services that include custom sheeting, slitting, and cutting.