Resolute Forest Products Inc. (NYSE:RFP) has a beta value of 3.36 and has seen 1,532,131 shares traded in the last trading session. The company, currently valued at $1.08 Billion, closed the last trade at $13.52 per share which meant it gained $0.35 on the day or 2.66% during that session. The RFP stock price is -3.48% off its 52-week high price of $13.99 and 90.09% above the 52-week low of $1.34. If we look at the company’s 10-day average daily trading volume, we find that it stood at 830.42 Million shares traded. The 3-month trading volume is 535.16 Million shares.
The consensus among analysts is that Resolute Forest Products Inc. (RFP) is an Overweight stock at the moment, with a recommendation rating of 2.5. 1 analysts rate the stock as a Sell, while none rate it as Overweight. None out of 4 have rated it as a Hold, with 3 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $2.17.
Resolute Forest Products Inc. (NYSE:RFP) trade information
Sporting 2.66% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Apr 27 when the RFP stock price touched $17.18- or saw a rise of 21.3%. Year-to-date, Resolute Forest Products Inc. shares have moved 106.73%, while the 5-day performance has seen it change -14.1%. Over the past 30 days, the shares of Resolute Forest Products Inc. (NYSE:RFP) have changed 25.53%. Short interest in the company has seen 1.57 Million shares shorted with days to cover at 0.
Wall Street analysts have a consensus price target for the stock at $16.5, which means that the shares’ value could jump 22.04% from current levels. The projected low price target is $14 while the price target rests at a high of $20. In that case, then, we find that the current price level is +47.93% off the targeted high while a plunge would see the stock lose 3.55% from current levels.
Resolute Forest Products Inc. (RFP) estimates and forecasts
Figures show that Resolute Forest Products Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +207.97% over the past 6 months. Other than that, the company has, however Increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 968% and 76.4% for the next quarter. Revenue growth from the last financial year stood is estimated to be +25.5%.
2 analysts offering their estimates for the company have set an average revenue estimate of $967Million for the current quarter. 2 have an estimated revenue figure of $859.5 Million for the next quarter concluding in September 01, 2021. Year-ago sales stood $628Million for this quarter, and analysts expect sales will grow by 54% for the current quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +15.3% over the past 5 years. Earnings growth for 2021 is a modest +122.5% while over the next 5 years, the company’s earnings are expected to increase by 0.21%.
Resolute Forest Products Inc. (NYSE:RFP)’s Major holders
Insiders own 1.49% of the company shares, while shares held by institutions stand at 85.26% with a share float percentage of 86.55%. Investors are also buoyed by the number of investors in a company, with Resolute Forest Products Inc. having a total of 134 institutions that hold shares in the company. The top two institutional holders are Fairfax Financial Holdings Ltd/ Can with over 30.55 Million shares worth more than $199.79 Million. As of December 30, 2020, Fairfax Financial Holdings Ltd/ Can held 38.27% of shares outstanding.
The other major institutional holder is Chou Associates Management Inc., with the holding of over 4.57 Million shares as of December 30, 2020. The firm’s total holdings are worth over $29.9 Million and represent 5.73% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Aegis Value Inc. As of December 30, 2020, the former fund manager holds about 1.98% shares in the company for having 1577451 shares of worth $10.32 Million while later fund manager owns 1.35 Million shares of worth $8.84 Million as of December 30, 2020, which makes it owner of about 1.69% of company’s outstanding stock.