CIBC Reiterates a Hold Rating on Resolute Forest (RFP)


In a report released yesterday, Hamir Patel from CIBC reiterated a Hold rating on Resolute Forest (RFP), with a price target of $12. The company’s shares opened today at $7.85, close to its 52-week low of $7.27.

According to TipRanks.com, Patel is a 4-star analyst with an average return of 5.4% and a 51.2% success rate. Patel covers the Basic Materials sector, focusing on stocks such as West Fraser Timber Co Ltd, Cascades Inc, and Norbord Inc.

Resolute Forest has an analyst consensus of Hold, with a price target consensus of $12.

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Resolute Forest’s market cap is currently $706.4M and has a P/E ratio of 3.09. The company has a Price to Book ratio of 0.46.

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock.

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Resolute Forest Products, Inc. provides forest products. It owns and operates pulp & paper mills, and wood products facilities located in the United States, Canada and South Korea. The company operates its business through the following segments: Newsprint, Specialty Papers, Tissue, Market Pulp and Wood Products.

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