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Truist Financial Remains a Hold on Clearwater Paper (CLW)

Tipranks - Tipranks - Tue Apr 21, 6:50AM CDT

In a report released today, Michael Roxland from Truist Financial reiterated a Hold rating on Clearwater Paper, with a price target of $15.00.

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Roxland covers the Consumer Cyclical sector, focusing on stocks such as Packaging, Graphic Packaging, and International Paper Co. According to TipRanks, Roxland has an average return of 4.5% and a 57.00% success rate on recommended stocks.

Currently, the analyst consensus on Clearwater Paper is a Moderate Buy with an average price target of $18.33.

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Based on Clearwater Paper’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $386.4 million and a net profit of $36.1 million. In comparison, last year the company earned a revenue of $387.1 million and had a GAAP net loss of $108 million

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