Silvana Travaglini Sells 6,355 Shares of Resolute Forest Products Inc. (RFP) Stock

Resolute Forest Products Inc. (NYSE:RFP) (TSE:RFP) VP Silvana Travaglini sold 6,355 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $8.80, for a total value of $55,924.00. Following the transaction, the vice president now directly owns 30,342 shares of the company’s stock, valued at $267,009.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Resolute Forest Products Inc. (RFP) traded down $0.05 during trading hours on Wednesday, hitting $8.95. The stock had a trading volume of 232,500 shares, compared to its average volume of 232,897. Resolute Forest Products Inc. has a 52 week low of $4.05 and a 52 week high of $9.20. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.44 and a quick ratio of 1.20.

Resolute Forest Products (NYSE:RFP) (TSE:RFP) last issued its quarterly earnings data on Thursday, November 2nd. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.16. Resolute Forest Products had a negative return on equity of 0.30% and a negative net margin of 4.05%. The business had revenue of $885.00 million during the quarter. During the same period last year, the company earned $0.17 earnings per share. The business’s quarterly revenue was down .3% compared to the same quarter last year.

COPYRIGHT VIOLATION NOTICE: “Silvana Travaglini Sells 6,355 Shares of Resolute Forest Products Inc. (RFP) Stock” was first reported by Markets Daily and is owned by of Markets Daily. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.themarketsdaily.com/2017/11/15/silvana-travaglini-sells-6355-shares-of-resolute-forest-products-inc-rfp-stock.html.

A number of hedge funds have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. grew its holdings in Resolute Forest Products by 0.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 1,827,939 shares of the basic materials company’s stock worth $9,231,000 after buying an additional 11,868 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Resolute Forest Products by 4.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,903,907 shares of the basic materials company’s stock worth $14,664,000 after buying an additional 126,291 shares in the last quarter. Brandes Investment Partners LP bought a new position in Resolute Forest Products in the 3rd quarter worth approximately $144,000. Hillsdale Investment Management Inc. bought a new position in Resolute Forest Products in the 3rd quarter worth approximately $102,000. Finally, Schwab Charles Investment Management Inc. grew its holdings in Resolute Forest Products by 8.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 203,982 shares of the basic materials company’s stock worth $1,031,000 after buying an additional 16,610 shares in the last quarter. 87.50% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently commented on RFP shares. Royal Bank Of Canada reaffirmed a “hold” rating and set a $6.00 target price on shares of Resolute Forest Products in a report on Friday, October 20th. Scotiabank upped their target price on Resolute Forest Products from $5.25 to $7.75 and gave the company an “underperform” rating in a report on Friday, November 3rd. TD Securities raised Resolute Forest Products from a “reduce” rating to a “hold” rating and upped their target price for the company from $5.00 to $8.00 in a report on Friday, November 3rd. CIBC raised Resolute Forest Products from a “sector perform” rating to a “sector outperform” rating in a report on Friday, November 3rd. Finally, BidaskClub raised Resolute Forest Products from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $7.58.

About Resolute Forest Products

Resolute Forest Products Inc operates in the forest products industry. It offers a range of forest products, including market pulp, tissue, wood products, newsprint and specialty papers. As of December 31, 2016, it owned or operated over 40 pulp, paper, tissue and wood products facilities in the United States and Canada.

Receive News & Ratings for Resolute Forest Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Resolute Forest Products Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply