Vertical Research Downgrades Clearwater Paper Corp to Hold

Brokerage firm Vertical Research Downgrades its rating on Clearwater Paper Corp(NYSE:CLW). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Vertical Research was issued on Jul 22, 2016.

In a different note, Sidoti & Co. said it Initiates Coverage on Clearwater Paper Corp, according to a research note issued on Jun 22, 2016. The shares have been rated ‘Buy’ by the firm. On May 12, 2016, DA Davidson said it Downgrades its rating on Clearwater Paper Corp. The shares have been rated ‘Neutral’ by the firm.

Clearwater Paper Corp (CLW) made into the market gainers list on Thursdays trading session with the shares advancing 0.40% or 0.25 points. Due to strong positive momentum, the stock ended at $63.38, which is also near the day’s high of $63.84. The stock began the session at $63.17 and the volume stood at 1,22,192 shares. The 52-week high of the shares is $69.75 and the 52 week low is $32. The company has a current market capitalization of $1,084 M and it has 1,71,05,315 shares in outstanding.

Clearwater Paper Corp(CLW) last announced its earnings results on Jul 21, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $436.67M. Analysts had an estimated revenue of $443.45M. Earnings per share were $1.37. Analysts had estimated an EPS of $1.15.

Several Insider Transactions has been reported to the SEC. On Feb 26, 2016, John Hertz (Senior Vice President) purchased 5,180 shares at $38.54 per share price.Also, On Mar 2, 2015, Johnathan D Hunter (Vice President, Controller) sold 381 shares at $61.92 per share price.

Clearwater Paper Corporation is a producer of private label tissue and bleached paperboard products. The Company is engaged in manufacturing quality consumer tissue away-from-home (AFH) tissue parent roll tissue bleached paperboard and pulp. The Company operates in two segments: Consumer Products segment and Pulp and Paperboard segment. Consumer Products segment manufactures and sells a line of at-home tissue products as well as AFH products. Pulp and Paperboard segment manufactures and markets bleached paperboard for the packaging industry and are a producer of solid bleach sulfate (SBS) paperboard. The Company’s products are primarily wood pulp-based and are manufactured in the United States. The Company supplies private label tissue to retailers and wholesale distributors including grocery drug mass merchants and discount stores. In addition the Company’s bleached paperboard are used by printers and packaging converters.

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