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 year. 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.
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2 brokerages have issued twelve-month target prices for Resolute Forest Products' shares. Their RFP share price forecasts range from $23.00 to $23.00. On average, they expect the company's share price to reach $23.00 in the next year. This suggests a possible upside of 5.6% from the stock's current price.
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Resolute Forest Products' stock was trading at $21.59 on January 1st, 2023. Since then, RFP shares have increased by 0.8% and is now trading at $21.77.
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Resolute Forest Products saw a decrease in short interest in the month of January. As of January 15th, there was short interest totaling 1,570,000 shares, a decrease of 23.4% from the December 31st total of 2,050,000 shares. Based on an average trading volume of 482,400 shares, the days-to-cover ratio is presently 3.3 days. Currently, 3.5% of the company's stock are short sold.
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) released its quarterly earnings results on Thursday, November, 4th. The basic materials company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.87 by $0.03. The basic materials company had revenue of $817 million for 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 a variety of retail and institutional investors. Top institutional shareholders include Versor Investments LP (0.44%), ACR Alpine Capital Research LLC (0.12%), Ritholtz Wealth Management (0.08%), SummerHaven Investment Management LLC (0.05%), Strs Ohio (0.04%) and Exchange Traded Concepts LLC (0.02%). 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 $21.77.

Resolute Forest Products (NYSE:RFP) has a market capitalization of $1.67 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.