Clearwater Paper (NYSE:CLW) Stock Rating Upgraded by Royal Bank of Canada

Royal Bank of Canada upgraded shares of Clearwater Paper (NYSE:CLW) from a sector perform rating to an outperform rating in a research report released on Friday, MarketBeat.com reports. The brokerage currently has $37.00 target price on the basic materials company’s stock, down from their previous target price of $48.00.

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

Clearwater Paper Price Performance

Shares of NYSE CLW opened at $28.84 on Friday. 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 has a one year low of $25.50 and a one year high of $57.13. The firm has a market capitalization of $480.99 million, a P/E ratio of 4.82 and a beta of 0.32. The company’s fifty day moving average is $29.97 and its two-hundred day moving average is $41.53.

Clearwater Paper (NYSE:CLW) last announced its quarterly earnings data on Tuesday, August 6th. The basic materials company reported ($0.42) EPS for the quarter. Clearwater Paper had a net margin of 2.16% and a return on equity of 11.56%. The company had revenue of $586.40 million during the quarter.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Innealta Capital LLC acquired a new stake in Clearwater Paper in the 2nd quarter valued at about $52,000. GAMMA Investing LLC grew its position in shares of Clearwater Paper by 30.3% in the second 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 purchased a new position in shares of Clearwater Paper during the 3rd quarter worth approximately $74,000. SG Americas Securities LLC acquired a new position in shares of Clearwater Paper during the 1st quarter worth approximately $132,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Clearwater Paper in the 2nd quarter valued at approximately $153,000. Hedge funds and other institutional investors own 89.98% of the company’s stock.

About Clearwater Paper

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.