The price-to-earnings ratio for Clearwater Paper Corp (NYSE: CLW) is above average at 7.08x. The 36-month beta value for CLW is also noteworthy at 0.54. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for CLW is 16.07M, and at present, short sellers hold a 3.00% of that float. The average trading volume of CLW on May 01, 2024 was 199.73K shares.
CLW) stock’s latest price update
Clearwater Paper Corp (NYSE: CLW)’s stock price has soared by 10.69 in relation to previous closing price of 40.69. Nevertheless, the company has seen a gain of 11.96% in its stock price over the last five trading days. Business Wire reported 2024-04-16 that SPOKANE, Wash.–(BUSINESS WIRE)–Clearwater Paper Corporation (NYSE: CLW) will release its first quarter 2024 results on Monday, April 29, 2024. President and Chief Executive Officer Arsen Kitch and Chief Financial Officer Sherri Baker will discuss the results during a conference call that day at 2 p.m. Pacific Time. Registration To register for the conference call, please use this link. After registering, confirmation will be sent through email, including dial-in details and unique conference.
CLW’s Market Performance
CLW’s stock has risen by 11.96% in the past week, with a monthly rise of 3.28% and a quarterly rise of 32.47%. The volatility ratio for the week is 4.39% while the volatility levels for the last 30 days are 2.72% for Clearwater Paper Corp The simple moving average for the past 20 days is 10.79% for CLW’s stock, with a 23.42% simple moving average for the past 200 days.
Analysts’ Opinion of CLW
Many brokerage firms have already submitted their reports for CLW stocks, with RBC Capital Mkts repeating the rating for CLW by listing it as a “Sector Perform.” The predicted price for CLW in the upcoming period, according to RBC Capital Mkts is $396 based on the research report published on October 31, 2023 of the previous year 2023.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see CLW reach a price target of $42, previously predicting the price at $38. The rating they have provided for CLW stocks is “Outperform” according to the report published on April 24th, 2023.
RBC Capital Mkts gave a rating of “Sector Perform” to CLW, setting the target price at $45 in the report published on November 01st of the previous year.
CLW Trading at 11.84% from the 50-Day Moving Average
After a stumble in the market that brought CLW to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 1.88% of gains for the given period.
Volatility was left at 2.72%, however, over the last 30 days, the volatility rate increased by 4.39%, as shares surge +5.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.43% upper at present.
During the last 5 trading sessions, CLW rose by +11.96%, which changed the moving average for the period of 200-days by +41.55% in comparison to the 20-day moving average, which settled at $40.77. In addition, Clearwater Paper Corp saw 24.70% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CLW starting from Gadd Michael S, who sale 6,182 shares at the price of $35.68 back on Aug 04 ’23. After this action, Gadd Michael S now owns 61,843 shares of Clearwater Paper Corp, valued at $220,574 using the latest closing price.
Barckley Rebecca Anne, the VP, Controller of Clearwater Paper Corp, sale 2,506 shares at $33.00 during a trade that took place back on May 23 ’23, which means that Barckley Rebecca Anne is holding 8,378 shares at $82,698 based on the most recent closing price.
Stock Fundamentals for CLW
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.16 for the gross margin
The net margin for Clearwater Paper Corp stands at 0.05. The total capital return value is set at 0.13. Equity return is now at value 17.36, with 6.38 for asset returns.
Based on Clearwater Paper Corp (CLW), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.4. The debt to equity ratio resting at 0.72. The interest coverage ratio of the stock is 5.69.
Currently, EBITDA for the company is 280.9 million with net debt to EBITDA at 1.56. When we switch over and look at the enterprise to sales, we see a ratio of 0.57. The receivables turnover for the company is 11.3for trailing twelve months and the total asset turnover is 1.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.97.
Conclusion
In summary, Clearwater Paper Corp (CLW) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
