Resolute Forest Products (RFP) Trading Down 29.3%

Resolute Forest Products Inc (TSE:RFP) (NYSE:RFP)’s share price dropped 29.3% on Thursday . The company traded as low as C$9.46 and last traded at C$9.95. Approximately 100,176 shares were traded during mid-day trading, an increase of 374% from the average daily volume of 21,135 shares. The stock had previously closed at C$14.08.

RFP has been the subject of a number of recent analyst reports. Royal Bank of Canada increased their price target on Resolute Forest Products to C$9.00 and gave the company a “sector perform” rating in a research report on Friday, November 3rd. TD Securities increased their price target on Resolute Forest Products to C$10.00 and gave the company a “hold” rating in a research report on Friday, November 3rd. Finally, Scotiabank increased their price target on Resolute Forest Products to C$10.00 and gave the company an “underperform” rating in a research report on Friday, November 3rd.

The firm has a market capitalization of $1,260.00, a PE ratio of -6.33 and a beta of 1.10.

Resolute Forest Products (TSE:RFP) (NYSE:RFP) last announced its quarterly earnings data on Thursday, November 2nd. The company reported C$0.43 EPS for the quarter.

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About Resolute Forest Products

Resolute Forest Products Inc operates in the forest products industry in the United States, Canada, Mexico, Brazil, and internationally. It operates through five segments: Market Pulp, Tissue, Wood Products, Newsprint, and Specialty Papers. The Market Pulp segment provides market pulp, recycled bleached Kraft pulp, and bleached hardwood Kraft pulp used to make a range of consumer products, such as tissue, packaging, specialty paper products, diapers, and other absorbent products.

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