Resolute Forest Products SVP Yves Laflamme Sells 4,852 Shares (RFP)
Resolute Forest Products (NYSE:RFP) SVP Yves Laflamme sold 4,852 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $20.36, for a total transaction of $98,786.72. Following the completion of the sale, the senior vice president now directly owns 45,457 shares of the company’s stock, valued at approximately $925,505. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
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 research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $15.50.
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 one year low of $12.36 and a one year high of $20.88. The stock has a 50-day moving average of $18.60 and a 200-day moving average of $15.26. 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 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.35 earnings per share. Resolute Forest Products’s revenue was up 2.0% compared to the same quarter last year. On average, analysts predict that Resolute Forest Products will post $1.40 earnings per share for the current fiscal year.
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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