According to The Fly, resolute Forest Prod (TSX: RFP), the Consumer Goods sector company, was revisited by a Wall Street analyst today. Analyst Paul Quinn from RBC Capital reiterated a Hold rating
According to TipRanks.com, Quinn is a 5-star analyst with an average return of 17.6% and a 66.8% success rate. Quinn covers the Consumer Goods sector, focusing on stocks such as International Paper Co, Clearwater Paper, and Resolute Forest.
The word on The Street in general, suggests a Hold analyst consensus rating for Resolute Forest Prod with a C$15 average price target.
Based on Resolute Forest Prod’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$92.96 million. In comparison, last year the company had a net profit of C$30.08 million.
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.
The company’s shares closed on Thursday at C$17.89.
