News articles about Resolute Forest Products (NYSE:RFP) (TSE:RFP) have trended somewhat positive recently, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Resolute Forest Products earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave headlines about the basic materials company an impact score of 44.8776069184335 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- Resolute Forest Products Inc (RFP) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Resolute Forest Products Inc (RFP) Director Randall C. Benson Acquires 4,800 Shares (americanbankingnews.com)
- Resolute Forest Products (RFP) Earns Sell Rating from Scotiabank (americanbankingnews.com)
- Donald Smith & CO. Inc. Sells 835,560 Shares of Resolute Forest Products Inc (RFP) (americanbankingnews.com)
Resolute Forest Products (NYSE RFP) traded up $0.10 during mid-day trading on Monday, reaching $8.35. The company had a trading volume of 105,282 shares, compared to its average volume of 442,342. The company has a market cap of $744.12, a PE ratio of -8.83 and a beta of 1.71. Resolute Forest Products has a fifty-two week low of $4.10 and a fifty-two week high of $12.15. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.48 and a quick ratio of 1.23.
RFP has been the topic of several analyst reports. TheStreet raised Resolute Forest Products from a “d+” rating to a “c-” rating in a research report on Wednesday, November 29th. TD Securities set a $11.50 price objective on Resolute Forest Products and gave the company a “hold” rating in a research report on Thursday, January 11th. CIBC cut Resolute Forest Products from an “outperform” rating to a “neutral” rating in a research report on Friday, January 12th. Royal Bank of Canada lowered their price objective on Resolute Forest Products from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research report on Friday, February 2nd. Finally, Scotiabank reaffirmed a “sell” rating and issued a $8.75 price objective on shares of Resolute Forest Products in a research report on Wednesday, March 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $9.08.
In other Resolute Forest Products news, Director Randall C. Benson acquired 4,800 shares of the stock in a transaction that occurred on Tuesday, March 6th. The shares were acquired at an average cost of $10.43 per share, with a total value of $50,064.00. Following the transaction, the director now owns 8,134 shares of the company’s stock, valued at approximately $84,837.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.
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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.
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