Resolute Forest Products’ (RFP) “Hold” Rating Reiterated at Royal Bank Of Canada

Resolute Forest Products Inc. (NYSE:RFP) (TSE:RFP)‘s stock had its “hold” rating reiterated by investment analysts at Royal Bank Of Canada in a research report issued on Tuesday. They presently have a $5.00 price target on the basic materials company’s stock. Royal Bank Of Canada’s target price would indicate a potential downside of 4.76% from the company’s previous close.

Separately, BidaskClub raised Resolute Forest Products from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $4.67.

Shares of Resolute Forest Products (NYSE:RFP) opened at 5.25 on Tuesday. Resolute Forest Products has a 52 week low of $3.70 and a 52 week high of $6.75. The company has a 50-day moving average price of $4.96 and a 200-day moving average price of $4.86. The stock’s market cap is $471.19 million.

Resolute Forest Products (NYSE:RFP) (TSE:RFP) last released its earnings results on Thursday, August 3rd. The basic materials company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.19). The company had revenue of $858.00 million for the quarter. Resolute Forest Products had a negative net margin of 4.33% and a negative return on equity of 0.98%. During the same quarter in the prior year, the company posted $0.07 earnings per share. Equities analysts anticipate that Resolute Forest Products will post ($0.09) EPS for the current year.

TRADEMARK VIOLATION NOTICE: This story was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another site, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The original version of this story can be read at https://ledgergazette.com/2017/10/10/resolute-forest-products-rfp-hold-rating-reiterated-at-royal-bank-of-canada.html.

A number of institutional investors have recently made changes to their positions in the business. Los Angeles Capital Management & Equity Research Inc. grew its position in Resolute Forest Products by 1.8% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 38,787 shares of the basic materials company’s stock valued at $171,000 after acquiring an additional 700 shares during the last quarter. Independence Advisors LLC bought a new position in Resolute Forest Products in the 2nd quarter valued at $263,000. Janney Montgomery Scott LLC grew its position in Resolute Forest Products by 3.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 54,379 shares of the basic materials company’s stock valued at $239,000 after acquiring an additional 2,023 shares during the last quarter. Credit Suisse AG grew its position in Resolute Forest Products by 7.0% in the 1st quarter. Credit Suisse AG now owns 44,563 shares of the basic materials company’s stock valued at $242,000 after acquiring an additional 2,908 shares during the last quarter. Finally, Tudor Investment Corp ET AL grew its position in Resolute Forest Products by 14.9% in the 1st quarter. Tudor Investment Corp ET AL now owns 22,638 shares of the basic materials company’s stock valued at $123,000 after acquiring an additional 2,935 shares during the last quarter. 87.71% of the stock is currently owned by institutional investors.

Resolute Forest Products Company Profile

Resolute Forest Products Inc operates in the forest products industry. It offers a range of forest products, including market pulp, tissue, wood product

Separately, BidaskClub raised Resolute Forest Products from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $4.67.

Shares of Resolute Forest Products (NYSE:RFP) opened at 5.25 on Tuesday. Resolute Forest Products has a 52 week low of $3.70 and a 52 week high of $6.75. The company has a 50-day moving average price of $4.96 and a 200-day moving average price of $4.86. The stock’s market cap is $471.19 million.

Resolute Forest Products (NYSE:RFP) (TSE:RFP) last released its earnings results on Thursday, August 3rd. The basic materials company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.19). The company had revenue of $858.00 million for the quarter. Resolute Forest Products had a negative net margin of 4.33% and a negative return on equity of 0.98%. During the same quarter in the prior year, the company posted $0.07 earnings per share. Equities analysts anticipate that Resolute Forest Products will post ($0.09) EPS for the current year.

TRADEMARK VIOLATION NOTICE: This story was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another site, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The original version of this story can be read at https://ledgergazette.com/2017/10/10/resolute-forest-products-rfp-hold-rating-reiterated-at-royal-bank-of-canada.html.

A number of institutional investors have recently made changes to their positions in the business. Los Angeles Capital Management & Equity Research Inc. grew its position in Resolute Forest Products by 1.8% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 38,787 shares of the basic materials company’s stock valued at $171,000 after acquiring an additional 700 shares during the last quarter. Independence Advisors LLC bought a new position in Resolute Forest Products in the 2nd quarter valued at $263,000. Janney Montgomery Scott LLC grew its position in Resolute Forest Products by 3.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 54,379 shares of the basic materials company’s stock valued at $239,000 after acquiring an additional 2,023 shares during the last quarter. Credit Suisse AG grew its position in Resolute Forest Products by 7.0% in the 1st quarter. Credit Suisse AG now owns 44,563 shares of the basic materials company’s stock valued at $242,000 after acquiring an additional 2,908 shares during the last quarter. Finally, Tudor Investment Corp ET AL grew its position in Resolute Forest Products by 14.9% in the 1st quarter. Tudor Investment Corp ET AL now owns 22,638 shares of the basic materials company’s stock valued at $123,000 after acquiring an additional 2,935 shares during the last quarter. 87.71% of the stock is currently owned by institutional investors.

Resolute Forest Products Company Profile

Resolute Forest Products Inc operates in the forest products industry. It offers a range of forest products, including market pulp, tissue, wood products, newsprint and specialty papers. As of December 31, 2016, it owned or operated over 40 pulp, paper, tissue and wood products facilities in the United States and Canada.

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