Positive News Coverage Somewhat Unlikely to Affect Resolute Forest Products (RFP) Stock Price

Media stories about Resolute Forest Products (NYSE:RFP) (TSE:RFP) have trended positive on Tuesday, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Resolute Forest Products earned a media sentiment score of 0.28 on Accern’s scale. Accern also gave news articles about the basic materials company an impact score of 45.4559411946287 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news articles that may have impacted Accern Sentiment’s analysis:

Several research firms recently issued reports on RFP. BidaskClub upgraded shares of Resolute Forest Products from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. CIBC upgraded shares of Resolute Forest Products from a “sector underperform” rating to a “sector perform” rating in a research report on Monday, June 5th. Royal Bank Of Canada reiterated a “hold” rating and set a $5.00 price target on shares of Resolute Forest Products in a research report on Tuesday, May 23rd. Finally, TD Securities reiterated a “reduce” rating and set a $4.00 price target on shares of Resolute Forest Products in a research report on Monday, May 15th. 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 stock. The company currently has a consensus rating of “Hold” and an average target price of $4.67.

Resolute Forest Products (NYSE RFP) traded up 1.98% during mid-day trading on Tuesday, hitting $5.15. 127,085 shares of the company traded hands. The firm has a 50 day moving average of $4.78 and a 200 day moving average of $4.81. Resolute Forest Products has a one year low of $3.70 and a one year high of $6.75. The firm’s market capitalization is $462.21 million.

Resolute Forest Products (NYSE:RFP) (TSE:RFP) last issued its quarterly earnings data on Thursday, August 3rd. The basic materials company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.16 by ($0.19). The firm 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 period in the prior year, the company posted $0.07 earnings per share. Equities research analysts expect that Resolute Forest Products will post ($0.13) earnings per share for the current fiscal year.

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About Resolute Forest Products

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.

Insider Buying and Selling by Quarter for Resolute Forest Products (NYSE:RFP)

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