Shares of Resolute Forest Products Inc. (NYSE:RFP) fell 3.4% during mid-day trading on Monday . The company traded as low as $5.66 and last traded at $5.69, with a volume of 54,705 shares. The stock had previously closed at $5.89.

A number of brokerages have recently issued reports on RFP. Zacks Investment Research downgraded shares of Resolute Forest Products from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 22nd. Vetr upgraded shares of Resolute Forest Products from a “sell” rating to a “hold” rating and set a $5.88 price target for the company in a report on Monday, May 2nd. Royal Bank Of Canada downgraded shares of Resolute Forest Products from an “outperform” rating to a “sector perform” rating and set a $7.00 price target for the company. in a report on Monday, April 25th. Finally, TD Securities restated a “reduce” rating and set a $5.00 price target (up previously from $4.75) on shares of Resolute Forest Products in a report on Wednesday, August 10th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $7.03.

The company’s market capitalization is $516.46 million. The firm’s 50 day moving average is $5.62 and its 200-day moving average is $5.37.

Resolute Forest Products (NYSE:RFP) last issued its earnings results on Thursday, August 4th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.05. The company had revenue of $891 million for the quarter, compared to analyst estimates of $934 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. Analysts expect that Resolute Forest Products Inc. will post $0.07 earnings per share for the current fiscal year.

In other Resolute Forest Products news, Director Michael S. Rousseau purchased 20,000 shares of Resolute Forest Products stock in a transaction on Wednesday, June 15th. The shares were bought at an average price of $5.18 per share, with a total value of $103,600.00. Following the completion of the acquisition, the director now directly owns 59,032 shares of the company’s stock, valued at $305,785.76. The transaction was disclosed in a document filed with the SEC, which is available through this link.

An institutional investor recently raised its position in Resolute Forest Products stock. Schwab Charles Investment Management Inc. raised its stake in shares of Resolute Forest Products Inc. (NYSE:RFP) by 25.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 281,992 shares of the company’s stock after buying an additional 57,577 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.32% of Resolute Forest Products worth $2,135,000 as of its most recent SEC filing.

Resolute Forest Products Inc offers a range of forest products, including market pulp, tissue, wood products, newsprint and specialty papers. The Company owns or operates over 40 pulp, paper, tissue and wood products facilities in the United States, Canada and South Korea, as well as power generation assets in Canada.

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