Why Clearwater Paper Corp’s (CLW) Stock Is Up 6.56%

By AAII Staff
February 27, 2024
Featured Tickers:
CLW

Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Clearwater Paper Corp before investing.

In this article, we go over a few key elements for understanding Clearwater Paper Corp’s stock price such as:

  • Clearwater Paper Corp’s current stock price and volume
  • Why Clearwater Paper Corp’s stock price changed recently
  • Upgrades and downgrades for CLW from analysts
  • CLW’s stock price momentum as measured by its relative strength

About Clearwater Paper Corp (CLW)

Before we jump into Clearwater Paper Corp’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Clearwater Paper Corporation is a manufacturer and supplier of bleached paperboard and consumer and parent roll tissue. The Company operates through two segments: Pulp and Paperboard and Consumer Products. The Pulp and Paperboard segment markets and manufactures bleached paperboard for the high-end segment of the packaging industry and is a producer of Solid Bleached Sulfate (SBS) paperboard. The Pulp and Paperboard segment produces hardwood and softwood pulp, which is primarily used as the basis for its paperboard products or transferred to its Consumer Products segment. The Consumer Products segment sells and produces a complete line of at-home tissue products. It supplies bleached paperboard to quality-conscious printers and packaging converters, and offer services that include custom sheeting, slitting and cutting. It also supplies private branded tissue to retailers, including grocery, clubs, mass merchants and discount stores.

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Clearwater Paper Corp’s Stock Price as of Market Close

As of February 27, 2024, 4:00 PM, CST, Clearwater Paper Corp’s stock price was $40.47.

Clearwater Paper Corp is up 6.56% from its previous closing price of $37.98.

During the last market session, Clearwater Paper Corp’s stock traded between $37.22 and $37.99. Currently, there are 17.25 million shares of Clearwater Paper Corp stock available for purchase.

Clearwater Paper Corp’s price-earnings (P/E) ratio is currently at 6.0, which is low compared to the Paper Products industry median of 7.9. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Clearwater Paper Corp Stock Price History

Clearwater Paper Corp’s (CLW) price is currently up 22.75% so far this month.

During the month of February, Clearwater Paper Corp’s stock price has reached a high of $40.98 and a low of $31.93.

Over the last year, Clearwater Paper Corp has hit prices as high as $39.40 and as low as $29.22. Year to date, Clearwater Paper Corp’s stock is up 7.04%.

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What Caused Clearwater Paper Corp Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

One of the most common factors that can drastically impact a stock’s price is analyst upgrades and downgrades. When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. However, as of February 26, 2024,, no analysts have changed their rating of Clearwater Paper Corp’s stock over the last month.

Additionally, you'll want to evaluate Clearwater Paper Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Clearwater Paper Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Clearwater Paper Corp’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Clearwater Paper Corp (CLW) by visiting AAII Stock Evaluator.

Relative Price Strength of Clearwater Paper Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of February 26, 2024, Clearwater Paper Corp has a weighted four-quarter relative price strength of -5.07%, which translates to a Momentum Score of 55 and is considered to be Average.

Want to learn more about how Clearwater Paper Corp is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Clearwater Paper Corp Stock Price: Bottom Line

As of February 27, 2024, Clearwater Paper Corp’s stock price is $40.47, which is up 6.56% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Clearwater Paper Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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