In a report released on August 1, Paul Quinn from RBC Capital maintained a Buy rating on Clearwater Paper (CLW – Research Report), with a price target of $42.00. The company’s shares closed yesterday at $36.99.
According to TipRanks, Quinn is a 5-star analyst with an average return of 19.3% and a 59.49% success rate. Quinn covers the Basic Materials sector, focusing on stocks such as Canfor, Clearwater Paper, and Louisiana-Pacific.
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 June 30, the company reported a quarterly revenue of $524.6 million and a net profit of $29.7 million. In comparison, last year the company earned a revenue of $526.4 million and had a net profit of $14.7 million
Based on the recent corporate insider activity of 30 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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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