Today: Today, Analysts Set Resolute Forest Products Inc. (RFP) Target Price at $5.54

Today, Analysts Set Resolute Forest Products Inc. (RFP) Target Price at $5.54

Shares of Resolute Forest Products Inc. (NYSE:RFP) (TSE:RFP) have been given a consensus recommendation of “Hold” by the six research firms that are currently covering the stock. Two analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $5.54.

Separately, TD Securities restated a “reduce” rating and set a $3.75 price objective (down previously from $5.00) on shares of Resolute Forest Products in a report on Sunday, November 6th.

A number of hedge funds and other institutional investors have recently modified their holdings of RFP. Stevens Capital Management LP purchased a new position in shares of Resolute Forest Products during the second quarter worth about $102,000. Citigroup Inc. boosted its position in shares of Resolute Forest Products by 3.0% in the second quarter. Citigroup Inc. now owns 20,225 shares of the company’s stock worth $107,000 after buying an additional 580 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of Resolute Forest Products by 5.2% in the second quarter. Mackenzie Financial Corp now owns 21,394 shares of the company’s stock worth $113,000 after buying an additional 1,049 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Resolute Forest Products by 16.2% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 21,619 shares of the company’s stock worth $114,000 after buying an additional 3,020 shares in the last quarter. Finally, A.R.T. Advisors LLC purchased a new position in shares of Resolute Forest Products during the second quarter worth about $128,000. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Resolute Forest Products (NYSE:RFP) opened at 4.60 on Monday. The stock’s 50 day moving average is $4.48 and its 200 day moving average is $5.19. Resolute Forest Products has a 52 week low of $3.70 and a 52 week high of $8.41. The firm’s market cap is $411.73 million.

Resolute Forest Products (NYSE:RFP) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. Resolute Forest Products had a negative net margin of 7.04% and a negative return on equity of 0.98%. The company earned $888 million during the quarter, compared to analysts’ expectations of $960 million. During the same quarter in the previous year, the company earned $0.15 EPS. Resolute Forest Products’s revenue was down 1.9% on a year-over-year basis. Equities research analysts expect that Resolute Forest Products will post $0.14 EPS for the current year.

Related posts

Leave a Comment