RBC Capital Sticks to Its Hold Rating for Resolute Forest

By Ryan Adsit

In a report released today, Paul Quinn from RBC Capital reiterated a Hold rating on Resolute Forest (NYSE: RFP), with a price target of $5. The company’s shares opened today at $4.50.

According to TipRanks.com, Quinn is a top 100 analyst with an average return of 17.9% and a 74.0% success rate. Quinn covers the Consumer Goods sector, focusing on stocks such as Mercer International Inc, International Paper Co, and Meadwestvaco Corp.

Resolute Forest has an analyst consensus of Moderate Sell, with a price target consensus of $5.

The company has a one year high of $6.75 and a one year low of $3.70. Currently, Resolute Forest has an average volume of 268.6K.

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Resolute Forest Products, Inc. provides forest products. It owns and operates pulp and paper mills, and wood products facilities located in the United States, Canada and South Korea. The company operates its business through the following segments: Newsprint, Specialty Papers, Tissue, Market Pulp and Wood Products. It also produces lumber and other wood products for the residential-construction and home-renovation markets, as well as for specialized structural and industrial applications. Resolute Forest Products was founded on January 25, 2007 and is headquartered in Montreal, Canada.