Scotiabank analyst Benoit Laprade reiterated a Hold rating on Resolute Forest (NYSE: RFP) yesterday and set a price target of $12. The company’s shares closed yesterday at $12.45, close to its 52-week high of $12.75.
According to TipRanks.com, Laprade is a 4-star analyst with an average return of 4.0% and a 69.2% success rate. Laprade covers the Consumer Goods sector, focusing on stocks such as Fibria Celulose SA, Methanex Corp, and Domtar Corp.
Resolute Forest has an analyst consensus of Hold, with a price target consensus of $12.
See today’s analyst top recommended stocks >>
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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
