Resolute Forest Products (RFP) Getting Somewhat Favorable Press Coverage, Study Shows

News articles about Resolute Forest Products (NYSE:RFP) (TSE:RFP) have trended somewhat positive recently, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Resolute Forest Products earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 44.5708725200822 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Several equities analysts recently issued reports on RFP shares. Royal Bank of Canada reduced their price objective on Resolute Forest Products from $10.00 to $9.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. Scotiabank reaffirmed a “sell” rating and set a $8.75 price objective on shares of Resolute Forest Products in a report on Wednesday, March 7th. CIBC cut Resolute Forest Products from an “outperform” rating to a “neutral” rating in a report on Friday, January 12th. Finally, TD Securities set a $11.50 price objective on Resolute Forest Products and gave the stock a “hold” rating in a report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $9.08.

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RFP stock traded up $0.02 during midday trading on Friday, hitting $9.22. 5,552 shares of the stock were exchanged, compared to its average volume of 402,914. The stock has a market cap of $807.26, a PE ratio of 68.85 and a beta of 1.57. 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 quick ratio of 1.23 and a current ratio of 2.48.

Resolute Forest Products (NYSE:RFP) (TSE:RFP) last issued its quarterly earnings data on Thursday, February 1st. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.47). The firm had revenue of $898.00 million for the quarter. Resolute Forest Products had a positive return on equity of 0.74% and a negative net margin of 2.39%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.03) earnings per share.

In related news, Director Randall C. Benson purchased 4,800 shares of the business’s stock in a transaction dated Tuesday, March 6th. The stock was bought at an average cost of $10.43 per share, with a total value of $50,064.00. Following the completion of the acquisition, the director now directly owns 8,134 shares in the company, valued at approximately $84,837.62. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 in the United States, Canada, Mexico, and internationally. The company operates in five segments: Market Pulp, Tissue, Wood Products, Newsprint, and Specialty Papers. The Market Pulp segment offers market, recycled bleached Kraft, and bleached hardwood Kraft pulp used to make a range of consumer products, including tissue, packaging, specialty paper products, diapers, and other absorbent products.

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

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