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Tuesday, January 31, 2023

What Are The Chances Of Resolute Forest Products Inc. (NYSE: RFP) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Resolute Forest Products Inc. (RFP) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $21.45. The Resolute Forest Products Inc. has recorded 2,766 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Resolute, Paper Excellence Merger Receives Canadian Competition Bureau Approval.

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Stocks Info

As a NYSE listed company, RFP falls under the Basic Materials sector while operating within the Paper & Paper Products industry segment. At the end of the last regular session, the stock closed at $21.45 and fluctuated between $21.53 as its day high and $21.41 as its day low. The current market capitalization of Resolute Forest Products Inc. is $1.63B. A total of 0.66 million shares were traded on the day, compared to an average of 499.00K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, RFP has seen 7 BUY and 26 SELL insider trades, representing the acquisition of 21,641 and the disposition of 263,619 shares. Over the last 12 months, there were 19 BUYs and 52 SELLs from insiders. Insiders purchased 170,214 shares during that period but sold 444,339.

In the most recent transaction, Minguez Patrice sold 47,594 shares of RFP for 21.02 per share on Dec 15. After the transaction, the President, Tissue Group now owns 123,114 company shares. In a previous transaction on Dec 02, TREMBLAY Richard Joseph sold 9,054 shares at 21.01 per share. RFP shares that SVP, operations owns now total 178,086.

Among the insiders who sold shares, Ouellet Daniel disposed of 13,200 shares on Dec 02 at a per-share price of $21.13. This resulted in the SVP Human Resources holding 80,802 shares of RFP after the transaction. In another insider transaction, LAFAVE JOHN sold 16,340 shares at $21.10 per share on Dec 02. Company shares held by the Senior Vice President now total 130,462.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. RFP’s most recent ex-dividend date was 6/25/2021 when it declared a $1.00 quarterly dividend that was paid in cash on 7/7/2021. Previously, the company paid the dividend on 12/20/2018 with an ex-dividend date of 12/5/2018. The RFP stock dividend was $1.50 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for RFP in the last 3 months, the mean price target is $22.80 with high estimates of $23.00 and low estimates of $22.40. In terms of 52-week highs and lows, RFP has a high of $21.96 and a low of $11.00.

As of this writing, RFP has an earnings estimate of $1.17 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $1.25 per share and a lower estimate of $1.06. The company reported an EPS of $2.91 in the last quarter, which was 17.30% higher than expectations of $2.48.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 3 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RFP is Buy with a score of 4.00. A total of 0 analysts rated the stock as Buy while 0 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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