Resolute Forest Products - RFP Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Resolute Forest Products in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" RFP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RFP, but not buy additional shares or sell existing shares.
View RFP analyst ratings or view top-rated stocks.

2 analysts have issued 12-month price targets for Resolute Forest Products' shares. Their RFP share price forecasts range from $23.00 to $23.00. On average, they predict the company's stock price to reach $23.00 in the next year. This suggests a possible upside of 6.8% from the stock's current price.
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Resolute Forest Products' stock was trading at $21.59 at the beginning of the year. Since then, RFP stock has decreased by 0.3% and is now trading at $21.53.
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Resolute Forest Products saw a decline in short interest during the month of January. As of January 15th, there was short interest totaling 1,570,000 shares, a decline of 23.4% from the December 31st total of 2,050,000 shares. Based on an average daily trading volume, of 482,400 shares, the short-interest ratio is currently 3.3 days. Approximately 3.5% of the shares of the company are sold short.
View Resolute Forest Products' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
View our RFP earnings forecast.

Resolute Forest Products Inc. (NYSE:RFP) posted its quarterly earnings data on Thursday, November, 3rd. The basic materials company reported $1.08 earnings per share (EPS) for the quarter. The basic materials company earned $974 million during the quarter. Resolute Forest Products had a net margin of 11.15% and a trailing twelve-month return on equity of 24.51%.

10 employees have rated Resolute Forest Products Chief Executive Officer Yves Laflamme on Glassdoor.com. Yves Laflamme has an approval rating of 49% among the company's employees. This puts Yves Laflamme in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Resolute Forest Products investors own include Hemp (HEMP), Babcock & Wilcox Enterprises (BW), International Business Machines (IBM), Petróleo Brasileiro S.A. - Petrobras (PBR), Block (SQ), WestRock (WRK), Enterprise Products Partners (EPD), Energy Transfer (ET), Glu Mobile (GLUU) and Pfizer (PFE).

Resolute Forest Products trades on the New York Stock Exchange (NYSE) under the ticker symbol "RFP."

Resolute Forest Products' stock is owned by many different institutional and retail investors. Top institutional investors include Ritholtz Wealth Management (0.08%), SummerHaven Investment Management LLC (0.05%), Strs Ohio (0.04%), Exchange Traded Concepts LLC (0.02%), Sequoia Financial Advisors LLC (0.01%) and D Orazio & Associates Inc. (0.01%). Insiders that own company stock include Daniel Ouellet, Hugues Simon, Jacques P Vachon, John Lafave, Lori Kilgour, Luc Theriault, Patrice Minguez, Richard Joseph Tremblay and Suzanne Blanchet.
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Shares of RFP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RFP stock can currently be purchased for approximately $21.53.

Resolute Forest Products (NYSE:RFP) has a market capitalization of $1.65 billion and generates $3.66 billion in revenue each year. The basic materials company earns $307 million in net income (profit) each year or $5.44 on an earnings per share basis.

The company employs 6,900 workers across the globe.

Resolute Forest Products' mailing address is 111 Robert-Bourassa Boulevard, MONTREAL A8, H3C 2MI. The official website for the company is www.resolutefp.com. The basic materials company can be reached via phone at (514) 875-2160, via email at ir@abibow.com, or via fax at 514-875-6284.