This slump shouldn’t be too much of a surprise to investors, as the Paper Products provider has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
RFP currently has a Zacks Rank #5 (Strong Sell).
Investors interested in the Basic Materials sector may consider a better-ranked stock like AngloGold Ashanti Ltd. (AU), North American Palladium Ltd. (PAL) and General Moly, Inc. (GMO). While, AngloGold and General Moly carry Zacks Rank #1 (Strong Buy), North American Palladium holds a Zacks Rank #2 (Buy).
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