Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $72.00 on Clearwater Paper Corporation (NYSE:CLW) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.78 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Clearwater Paper Corporation (NYSE:CLW) stands at 14.60.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Clearwater Paper Corporation Co, the PEG ratio for coming 3-5 years is 3.21.
The technical analysis highlights that Clearwater Paper Corporation Co current is trading $-3.36 points away or -5.26% from its 50-day moving average of $63.86. Further it is trading $5.44 or +9.89% away its 200-day moving average of $55.06.
The 52-week high of Clearwater Paper Corporation (NYSE:CLW) was $69.75 while lowest point recorded in 52-week was $32.00. It implies if stock price makes a movement of over $-9.25, it will record a new 52-week high. In the case of +89.06% drop, it will touch a new 52-week low.
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