Resolute Forest Products - RFP Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Resolute Forest Products in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RFP shares.
View RFP analyst ratings or view top-rated stocks.

3 Wall Street research analysts have issued 12-month price objectives for Resolute Forest Products' stock. Their RFP share price forecasts range from $19.00 to $23.00. On average, they predict the company's share price to reach $20.33 in the next twelve months. This suggests a possible upside of 0.7% from the stock's current price.
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Resolute Forest Products' stock was trading at $15.27 at the start of the year. Since then, RFP shares have increased by 32.3% and is now trading at $20.20.
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Resolute Forest Products saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 2,610,000 shares, a drop of 31.5% from the August 15th total of 3,810,000 shares. Based on an average daily trading volume, of 1,350,000 shares, the days-to-cover ratio is presently 1.9 days. Currently, 5.9% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our RFP earnings forecast.

Resolute Forest Products Inc. (NYSE:RFP) issued its quarterly earnings data on Thursday, November, 4th. The basic materials company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.87 by $0.03. The basic materials company earned $817 million during the quarter. Resolute Forest Products had a net margin of 11.44% and a trailing twelve-month return on equity of 25.81%.

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 a variety of retail and institutional investors. Top institutional shareholders include Connor Clark & Lunn Investment Management Ltd. (2.19%), Donald Smith & CO. Inc. (1.64%), Private Management Group Inc. (1.62%), State Street Corp (0.76%), Cambria Investment Management L.P. (0.75%) and Northern Trust Corp (0.63%). Insiders that own company stock include Daniel Ouellet, Jacques P Vachon, John Lafave, Lori Kilgour, Luc Theriault, Remi G Lalonde, 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 $20.20.

Resolute Forest Products (NYSE:RFP) has a market capitalization of $1.55 billion and generates $3.66 billion in revenue each year. The basic materials company earns $307 million in net income (profit) each year or $5.32 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.