Resolute Forest Products (NYSE:RFP) (TSE:RFP) issued its quarterly earnings data on Thursday. The basic materials company reported ($0.25) EPS for the quarter, beating the consensus estimate of ($0.30) by $0.05, MarketWatch Earnings reports. Resolute Forest Products had a negative return on equity of 7.47% and a negative net margin of 3.19%. The company had revenue of $612.00 million for the quarter.
Shares of Resolute Forest Products stock opened at $3.03 on Friday. Resolute Forest Products has a one year low of $1.14 and a one year high of $6.42. The company has a current ratio of 3.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.71. The business’s 50 day moving average price is $2.37 and its 200 day moving average price is $2.40.
Several brokerages have commented on RFP. Scotiabank lowered Resolute Forest Products from a “sector perform” rating to an “underperform” rating and set a $3.25 price objective on the stock. in a report on Friday. They noted that the move was a valuation call. Royal Bank of Canada raised their target price on Resolute Forest Products from $3.00 to $4.00 and gave the company a “sector perform” rating in a research report on Friday. TD Securities raised their target price on Resolute Forest Products from $2.75 to $4.00 and gave the company a “hold” rating in a research report on Friday. Finally, CIBC downgraded Resolute Forest Products from a “sector outperform” rating to a “neutral” rating and raised their target price for the company from $2.75 to $3.75 in a research report on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $3.75.
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 through five segments: Market Pulp, Tissue, Wood Products, Newsprint, and Specialty Papers. The Market Pulp segment offers virgin and recycled bleached Kraft used to make a range of consumer products, including tissue, packaging, specialty paper products, diapers, and other absorbent products.
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