Stocks of Clearwater Paper Corp (NYSE:CLW) traded higher last session on Wall Street, up 1.65% to $30.24.
CLW stock price is now 9.41% away from the 50-day moving average and -18.61% away from the 200-day moving average. The market capitalization of the company currently stands at $501.01M.
With the price target reduced from $48 to $37, RBC Capital Mkts Upgraded its rating from Sector Perform to Outperform for Clearwater Paper Corp (NYSE: CLW). On October 31, 2023, RBC Capital Mkts Downgraded its previous ‘Outperform’ rating to ‘Sector Perform’ on the stock increasing its target price from $42 to quote $396, while the RBC Capital Mkts previously rated the stock as ‘Outperform’ on April 24, 2023.
A total of 3.75% of the company’s stock is owned by insiders.
During the past 12 months, Clearwater Paper Corp has had a low of $23.97 and a high of $57.13. As of last week, the company has a debt-to-equity ratio of 1.75, a current ratio of 1.78, and a quick ratio of 1.13. The fifty day moving average price for CLW is $27.6382 and a two-hundred day moving average price translates $37.15495 for the stock.
The latest earnings results from Clearwater Paper Corp (NYSE: CLW) was released for 2024-09-30. The net profit margin was 0.74% and return on equity was -0.26% for CLW. The company reported revenue of $393.3 million for the quarter, compared to $278.9 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 41.02 percent. For the current quarter, analysts expect CLW to generate $473M in revenue.
