Clearwater Paper (NYSE:CLW) Given New $42.00 Price Target at Royal Bank of Canada

Clearwater Paper (NYSE:CLW) had its price target boosted by Royal Bank of Canada from $41.00 to $42.00 in a research report released on Tuesday, Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the basic materials company’s stock.

Separately, StockNews.com cut shares of Clearwater Paper from a strong-buy rating to a buy rating in a research report on Thursday, February 22nd.

Clearwater Paper Price Performance

CLW stock opened at $45.22 on Tuesday. The stock has a 50-day simple moving average of $41.10 and a 200-day simple moving average of $37.27. The firm has a market cap of $754.27 million, a P/E ratio of 7.56 and a beta of 0.51. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.85 and a current ratio of 1.91. Clearwater Paper has a 1 year low of $29.22 and a 1 year high of $47.98.

Clearwater Paper (NYSE:CLW) last posted its quarterly earnings data on Monday, April 29th. The basic materials company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.32. The company had revenue of $496.20 million for the quarter. Clearwater Paper had a net margin of 4.92% and a return on equity of 17.35%. During the same quarter in the prior year, the business earned $1.47 EPS.

Hedge Funds Weigh In On Clearwater Paper

A number of institutional investors have recently made changes to their positions in CLW. GAMMA Investing LLC bought a new stake in shares of Clearwater Paper in the fourth quarter worth $29,000. Algert Global LLC bought a new stake in shares of Clearwater Paper in the 3rd quarter worth about $210,000. Diversified Trust Co acquired a new stake in shares of Clearwater Paper in the 1st quarter valued at about $213,000. Quadrature Capital Ltd bought a new position in shares of Clearwater Paper during the third quarter worth about $267,000. Finally, Jump Financial LLC acquired a new position in Clearwater Paper in the third quarter worth about $294,000. 89.98% of the stock is owned by institutional investors and hedge funds.

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.