Resolute Forest (RFP) Gets a Hold Rating from TD Securities


In a report released today, Sean Steuart from TD Securities reiterated a Hold rating on Resolute Forest (NYSE: RFP), with a price target of $14.50. The company’s shares opened today at $12.70, close to its 52-week high of $12.81.

According to TipRanks.com, Steuart is ranked #852 out of 4853 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Resolute Forest with a $12.83 average price target, a 1.0% upside from current levels. In a report released yesterday, Scotiabank also reiterated a Hold rating on the stock with a $12 price target.

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Based on Resolute Forest’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $976 million and net profit of $72 million. In comparison, last year the company earned revenue of $858 million and had a GAAP net loss of $74 million.

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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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