RBC Capital analyst Paul Quinn upgraded Clearwater Paper (CLW – Research Report) to a Buy yesterday and set a price target of $42.00. The company’s shares closed last Friday at $32.67.
Quinn covers the Basic Materials sector, focusing on stocks such as Clearwater Paper, Louisiana-Pacific, and Mercer International. According to TipRanks, Quinn has an average return of 20.2% and a 60.20% success rate on recommended stocks.
Clearwater Paper has an analyst consensus of Moderate Buy, with a price target consensus of $42.00.
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Based on Clearwater Paper’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $526.8 million and a GAAP net loss of $5.9 million. In comparison, last year the company earned a revenue of $489.8 million and had a net profit of $9.5 million
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CLW in relation to earlier this year.
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Clearwater Paper Corp. engages in the manufacturing and selling of private label tissue, paperboard, and pulp-based products. It operates through Consumer Products; and Pulp and Paperboard segments. The Consumer Products segment manufactures and sells a complete line of at-home tissue products, or retail products, and away-from-home tissue products, or non-retail products, and parent rolls. The Pulp and Paperboard segment produce and markets solid bleached sulfate paperboard for the high-end segment of the packaging industry as well as offers custom sheeting, slitting, and cutting of paperboard. The company was founded on December 9, 2008 and is headquartered in Spokane, WA.
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