Resolute Forest Products (RFP) Shares Up 1.8%

Resolute Forest Products Inc (TSE:RFP) (NYSE:RFP) shot up 1.8% on Tuesday . The company traded as high as C$14.25 and last traded at C$14.24. 23,730 shares traded hands during mid-day trading, an increase of 34% from the average session volume of 17,672 shares. The stock had previously closed at C$13.99.

A number of brokerages have weighed in on RFP. Scotiabank boosted their price objective on Resolute Forest Products to C$10.00 and gave the company an “underperform” rating in a research note on Friday, November 3rd. Royal Bank of Canada boosted their price objective on Resolute Forest Products to C$9.00 and gave the company a “sector perform” rating in a research note on Friday, November 3rd. Finally, TD Securities boosted their price objective on Resolute Forest Products to C$10.00 and gave the company a “hold” rating in a research note on Friday, November 3rd.

The company has a market capitalization of $1,330.00, a price-to-earnings ratio of -9.11 and a beta of 1.10.

Resolute Forest Products (TSE:RFP) (NYSE:RFP) last released its earnings results on Thursday, November 2nd. The company reported C$0.43 earnings per share (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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