Resolute Forest Products (RFP) Receiving Somewhat Positive Press Coverage, Report Finds

News coverage about Resolute Forest Products (NYSE:RFP) (TSE:RFP) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Resolute Forest Products earned a coverage optimism score of 0.24 on Accern’s scale. Accern also gave news stories about the basic materials company an impact score of 44.9189091746361 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:

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Shares of Resolute Forest Products stock traded up $0.30 during trading hours on Thursday, hitting $8.30. 396,533 shares of the company were exchanged, compared to its average volume of 416,911. Resolute Forest Products has a 1 year low of $4.10 and a 1 year high of $12.15. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.48 and a quick ratio of 1.23. The stock has a market capitalization of $757.65, a PE ratio of -8.83 and a beta of 1.71.

Resolute Forest Products (NYSE:RFP) (TSE:RFP) last released its quarterly earnings data on Thursday, February 1st. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.47). The business had revenue of $898.00 million during the quarter. Resolute Forest Products had a positive return on equity of 0.74% and a negative net margin of 2.39%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.03) EPS.

Several equities analysts have weighed in on the company. Royal Bank of Canada dropped their target price on Resolute Forest Products from $10.00 to $9.00 and set a “sector perform” rating for the company in a research report on Friday, February 2nd. Scotiabank reissued a “sell” rating and set a $8.75 price objective on shares of Resolute Forest Products in a research report on Wednesday, March 7th. TheStreet raised Resolute Forest Products from a “d+” rating to a “c-” rating in a research report on Wednesday, November 29th. CIBC cut Resolute Forest Products from an “outperform” rating to a “neutral” rating in a research note on Friday, January 12th. Finally, TD Securities set a $11.50 price objective on Resolute Forest Products and gave the company a “hold” rating in a research note on Thursday, January 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $9.08.

In other Resolute Forest Products news, Director Randall C. Benson acquired 4,800 shares of the business’s stock in a transaction on Tuesday, March 6th. The stock was purchased at an average price of $10.43 per share, for a total transaction of $50,064.00. Following the completion of the transaction, the director now owns 8,134 shares of the company’s stock, valued at approximately $84,837.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.10% of the company’s stock.

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Resolute Forest Products Company Profile

Resolute Forest Products Inc operates in the forest products industry in the United States, Canada, Mexico, and internationally. The company operates in five segments: Market Pulp, Tissue, Wood Products, Newsprint, and Specialty Papers. The Market Pulp segment offers market, recycled bleached Kraft, and bleached hardwood Kraft pulp used to make a range of consumer products, including tissue, packaging, specialty paper products, diapers, and other absorbent products.

Insider Buying and Selling by Quarter for Resolute Forest Products (NYSE:RFP)

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