Resolute Forest Products Inc. found using ticker (RFP) have now 2 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 29.98 and 24.76 with a mean TP of 27.37. Given that the stocks previous close was at 19.9 this would imply there is a potential upside of 37.5%. The 50 day moving average now sits at 14.46 and the 200 day moving average is 13.34. The market capitalisation for the company is $1,544m. You can visit the company’s website by visiting: https://www.resolutefp.com
The potential market cap would be $2,123m based on the market concensus.
Resolute Forest Products Inc., together with its subsidiaries, operates in the forest products industry in the United States, Canada, Mexico, and internationally. The company operates through four segments: Market Pulp, Tissue, Wood Products, and Paper. The Market Pulp segment offers virgin and recycled bleached Kraft pulp, which is used to make a range of consumer products, including tissue, packaging, specialty paper products, diapers, and other absorbent products. The Tissue segment provides various tissue products, such as recycled and virgin paper products for the away-from-home and retail markets; and sells parent rolls. The Wood Products segment produces construction-grade and spruce-pine-fir lumber products, wood chips, bed frame components, finger joints, and furring strips for pulp and paper mills, as well as I-joists for the construction industry. The Paper segment offers newsprint to newspaper publishers, as well as to commercial printers for uses comprising inserts and flyers. This segment also provides various uncoated mechanical papers, including supercalendered and white papers, as well as uncoated freesheet papers. Its specialty papers are used in books, retail inserts, direct mail, coupons, magazines, catalogs, bags, and other commercial printing applications. This segment sells specialty papers to commercial printers, direct mailers, publishers, catalogers, and retailers. The company also produces electricity at cogeneration facilities and hydroelectric dams. Resolute Forest Products Inc. is headquartered in Montreal, Canada.
