Market Rating: KeyBanc Reports Initiation of Clearwater Paper (NYSE:CLW)

November 30, 2016 - By Nellie Frank

Market Rating: KeyBanc Reports Initiation of Clearwater Paper (NYSE:CLW)

How KeyBanc Rates Clearwater Paper (NYSE:CLW)

In a report issued to investors and clients on Wednesday, 30 November, professional analysts at KeyBanc has started coverage on shares of Clearwater Paper (NYSE:CLW). The broker issued “Sector Weight” rating on CLW stock.

Clearwater Paper Corp (NYSE:CLW) Ratings Coverage

Out of 3 analysts covering Clearwater Paper (NYSE:CLW), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. $65 is the highest target while $42 is the lowest. The $62.50 average target is 0.81% above today’s ($62) stock price. Clearwater Paper has been the topic of 7 analyst reports since September 18, 2015 according to StockzIntelligence Inc. The company was downgraded on Thursday, May 12 by DA Davidson. The firm has “Sector Perform” rating by RBC Capital Markets given on Tuesday, January 12. RBC Capital Markets maintained Clearwater Paper Corp (NYSE:CLW) on Thursday, February 11 with “Sector Perform” rating. The company was downgraded on Friday, July 22 by Vertical Research. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, July 22.

About 27,307 shares traded hands. Clearwater Paper Corp (NYSE:CLW) has risen 16.61% since April 27, 2016 and is uptrending. It has outperformed by 11.38% the S&P500.

Analysts await Clearwater Paper Corp (NYSE:CLW) to report earnings on February, 8. They expect $0.89 EPS, up 17.11% or $0.13 from last year’s $0.76 per share. CLW’s profit will be $14.79M for 17.42 P/E if the $0.89 EPS becomes a reality. After $0.13 actual EPS reported by Clearwater Paper Corp for the previous quarter, Wall Street now forecasts 584.62% EPS growth.

Insitutional Activity: The institutional sentiment decreased to 0.85 in 2016 Q2. Its down 0.28, from 1.13 in 2016Q1. The ratio worsened, as 16 funds sold all Clearwater Paper Corp shares owned while 51 reduced positions. 29 funds bought stakes while 47 increased positions. They now own 14.42 million shares or 0.59% less from 14.50 million shares in 2016Q1.

Wells Fargo Communications Mn accumulated 13,805 shares or 0% of the stock. Comerica Bancshares has invested 0.01% of its portfolio in Clearwater Paper Corp (NYSE:CLW). Panagora Asset Mngmt holds 58,908 shares or 0.02% of its portfolio. Moreover, Trexquant Investment Limited Partnership has 0.04% invested in Clearwater Paper Corp (NYSE:CLW) for 4,963 shares. Us Bankshares De holds 0% or 3,679 shares in its portfolio. Rothschild Asset holds 0.19% of its portfolio in Clearwater Paper Corp (NYSE:CLW) for 159,264 shares. Moreover, Glenmede Trust Na has 0% invested in Clearwater Paper Corp (NYSE:CLW) for 34 shares. Da Davidson & Company reported 64 shares or 0% of all its holdings. Acadian Asset Mgmt Lc, a Massachusetts-based fund reported 3,921 shares. Vanguard Gru has 1.45M shares for 0.01% of their US portfolio. Pnc Fincl Svcs, a Pennsylvania-based fund reported 659 shares. Employees Retirement System Of Texas has 0.04% invested in the company for 40,000 shares. Teachers Retirement System Of The State Of Kentucky has invested 0.01% of its portfolio in Clearwater Paper Corp (NYSE:CLW). Credit Suisse Ag last reported 24,169 shares in the company. Duncker Streett & Inc holds 216 shares or 0% of its portfolio.

Insider Transactions: Since September 1, 2016, the stock had 0 insider purchases, and 2 sales for $576,577 net activity. The insider HERTZ JOHN sold 4,725 shares worth $295,407. Gadd Michael S also sold $281,170 worth of Clearwater Paper Corp (NYSE:CLW) shares.

Clearwater Paper Corporation manufactures quality consumer tissue, away-from-home , tissue, parent roll tissue, bleached paperboard and pulp at manufacturing facilities across the nation. The company has a market cap of $1.03 billion. The Firm is a supplier of private label tissue to retailers and wholesale distributors, including grocery, drug, mass merchants and discount stores. It has a 20.93 P/E ratio. In addition, the Company produces bleached paperboard used by quality-conscious printers and packaging converters.

According to Zacks Investment Research, “Clearwater Paper,a standalone company,produces pulp and paperboard at six facilities across the country namely Lewiston, Idaho; Las Vegas, Nev.; Elwood, Ill.; and near McGehee, Ark. The company manufactures quality paperboard, consumer tissue, and wood products.It has direct access to the public capital markets .The company is a premier supplier of private label tissue to major retail grocery chains, and also produces bleached paperboard used by quality-conscious printers and packaging converters.”

CLW Company Profile

Clearwater Paper Corporation, incorporated on October 7, 2005, makes quality consumer tissue, away-from-home (AFH), tissue, parent roll tissue, bleached paperboard and pulp at manufacturing facilities across the nation. The Firm is a supplier of private label tissue to retailers and wholesale distributors, including grocery, drug, mass merchants and discount stores. In addition, the Company produces bleached paperboard used by quality-conscious printers and packaging converters. The Firm operates through two divisions: Consumer Products and Pulp and Paperboard.

More news for Clearwater Paper Corp (NYSE:CLW) were recently published by: Marketwatch.com, which released: “Clearwater Paper upgraded to buy from neutral at DA Davidson” on December 21, 2009. Prnewswire.com‘s article titled: “Dunn Paper Acquires Specialty Mills from Clearwater Paper Corporation” and published on December 30, 2014 is yet another important article.

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