Resolute Forest Products SVP John Lafave Unloads 2,766 Shares (RFP)
Resolute Forest Products (NYSE:RFP) SVP John Lafave sold 2,766 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $20.84, for a total value of $57,643.44. Following the sale, the senior vice president now directly owns 38,903 shares in the company, valued at approximately $810,739. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Resolute Forest Products (NYSE:RFP) traded up 3.42% during mid-day trading on Friday, hitting $21.45. 610,092 shares of the company’s stock traded hands. Resolute Forest Products has a 52-week low of $12.36 and a 52-week high of $21.59. The stock has a 50-day moving average of $18.75 and a 200-day moving average of $15.32. The company’s market cap is $2.027 billion.
Resolute Forest Products (NYSE:RFP) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.05. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. Analysts expect that Resolute Forest Products will post $1.40 EPS for the current fiscal year.
Separately, analysts at Zacks upgraded shares of Resolute Forest Products from an “underperform” rating to a “neutral” rating in a research note on Tuesday, December 31st. They now have a $16.50 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $15.50.
Resolute Forest Products Inc, AbitibiBowater Inc, is a global forest products company. The Company’s products include newsprint, commercial printing papers, market pulp and wood products.
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