Shares of Resolute Forest Products Inc. (NYSE:RFP) have earned an average rating of “Hold” from the six ratings firms that are currently covering the firm. Two equities research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $5.96.

Several research analysts have recently issued reports on RFP shares. Zacks Investment Research cut shares of Resolute Forest Products from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 22nd. TD Securities reiterated a “reduce” rating and issued a $5.00 price target (up previously from $4.75) on shares of Resolute Forest Products in a report on Wednesday, August 10th.

Resolute Forest Products (NYSE:RFP) traded down 0.84% during mid-day trading on Monday, hitting $4.75. 50,132 shares of the stock traded hands. The firm’s 50-day moving average is $5.07 and its 200 day moving average is $5.46. Resolute Forest Products has a 52-week low of $3.79 and a 52-week high of $9.55. The firm’s market cap is $425.16 million.

Resolute Forest Products (NYSE:RFP) last issued its earnings results on Thursday, August 4th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.05. Resolute Forest Products had a negative net margin of 7.57% and a negative return on equity of 1.22%. The firm had revenue of $891 million for the quarter, compared to analysts’ expectations of $934 million. During the same quarter last year, the business earned $0.07 earnings per share. Equities analysts predict that Resolute Forest Products will post $0.01 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in RFP. Schwab Charles Investment Management Inc. raised its position in shares of Resolute Forest Products by 12.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 374,931 shares of the company’s stock valued at $1,984,000 after buying an additional 42,944 shares in the last quarter. A.R.T. Advisors LLC purchased a new position in shares of Resolute Forest Products during the second quarter valued at approximately $128,000. First Allied Advisory Services Inc. raised its position in shares of Resolute Forest Products by 14.5% in the second quarter. First Allied Advisory Services Inc. now owns 48,767 shares of the company’s stock valued at $248,000 after buying an additional 6,176 shares in the last quarter. Guggenheim Capital LLC purchased a new position in shares of Resolute Forest Products during the second quarter valued at approximately $304,000. Finally, Mackenzie Financial Corp raised 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 valued at $113,000 after buying an additional 1,049 shares in the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Resolute Forest Products Company Profile

Resolute Forest Products Inc offers a range of forest products, including market pulp, tissue, wood products, newsprint and specialty papers. The Company owns or operates over 40 pulp, paper, tissue and wood products facilities in the United States, Canada and South Korea, as well as power generation assets in Canada.

5 Day Chart for NYSE:RFP

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