The stock of Resolute Forest Products Inc (NYSE:RFP) is a huge mover today! The stock decreased 2.75% or $0.13 on October 3, hitting $4.6. About 84,062 shares traded hands. Resolute Forest Products Inc (NYSE:RFP) has declined 2.95% since March 1, 2016 and is downtrending. It has underperformed by 15.17% the S&P500.
The move comes after 8 months negative chart setup for the $414.18M company. It was reported on Oct, 4 by Barchart.com. We have $4.05 PT which if reached, will make NYSE:RFP worth $49.70 million less.
Analysts await Resolute Forest Products Inc (NYSE:RFP) to report earnings on November, 3.
Resolute Forest Products Inc (NYSE:RFP) Ratings Coverage
Out of 3 analysts covering Resolute Forest Products (NYSE:RFP), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. Resolute Forest Products has been the topic of 5 analyst reports since October 21, 2015 according to StockzIntelligence Inc. On Thursday, February 18 the stock rating was downgraded by Dundee Securities to “Neutral”. RBC Capital Markets downgraded the shares of RFP in a report on Monday, April 25 to “Sector Perform” rating. TD Securities downgraded Resolute Forest Products Inc (NYSE:RFP) on Friday, April 1 to “Reduce” rating. RBC Capital Markets upgraded the shares of RFP in a report on Friday, February 5 to “Outperform” rating.
According to Zacks Investment Research, “Resolute Forest Products Inc. manufactures a diverse range of forest products including newsprint, commercial printing papers, market pulp and wood products. The Company owns or operates pulp and paper mills, wood products facilities located primarily in the United States, Canada and South Korea. It also sells pulpwood, saw timber, wood chips and recycles newspapers and magazines. Resolute Forest Products Inc., formerly known as, AbitibiBowater Inc., is headquartered in Montreal, Canada.”
More notable recent Resolute Forest Products Inc (NYSE:RFP) news were published by: Seekingalpha.com which released: “What’s Wrong With Resolute Forest Products” on August 09, 2016, also Fool.com with their article: “What Does the Canadian Warren Buffett See in Resolute Forest Products?” published on June 23, 2016, Twst.com published: “Resolute Forest Products Inc.: Resolute to Acquire Tembec Sawmill in …” on September 22, 2016. More interesting news about Resolute Forest Products Inc (NYSE:RFP) were released by: Moodys.com and their article: “Moody’s lowers Resolute’s liquidity rating to SGL-2; affirms Ba3 ratings” published on January 19, 2016 as well as Seekingalpha.com‘s news article titled: “Resolute Forest Products Is A Sleeping Giant” with publication date: April 16, 2016.
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