Rayonier Advanced Materials (NYSE:RYAM) was downgraded by equities research analysts at Vertical Research from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.
A number of other analysts have also commented on RYAM. Royal Bank of Canada reissued a “buy” rating and issued a $20.00 price objective on shares of Rayonier Advanced Materials in a research report on Friday, November 3rd. TheStreet raised shares of Rayonier Advanced Materials from a “c” rating to a “b” rating in a research report on Wednesday, December 13th. Zacks Investment Research raised shares of Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, ValuEngine lowered shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Rayonier Advanced Materials currently has an average rating of “Buy” and a consensus target price of $20.00.
Rayonier Advanced Materials (RYAM) opened at $19.66 on Thursday. The firm has a market cap of $996.33, a P/E ratio of 36.41, a PEG ratio of 2.34 and a beta of 4.41. Rayonier Advanced Materials has a 1-year low of $11.88 and a 1-year high of $20.99. The company has a quick ratio of 1.20, a current ratio of 1.46 and a debt-to-equity ratio of 2.19.
Rayonier Advanced Materials (NYSE:RYAM) last released its quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The company had revenue of $210.00 million during the quarter, compared to analysts’ expectations of $200.66 million. Rayonier Advanced Materials had a net margin of 4.98% and a return on equity of 18.12%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.44 earnings per share. sell-side analysts expect that Rayonier Advanced Materials will post 0.61 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the company. California Public Employees Retirement System lifted its position in shares of Rayonier Advanced Materials by 6.6% in the second quarter. California Public Employees Retirement System now owns 142,400 shares of the basic materials company’s stock worth $2,239,000 after purchasing an additional 8,800 shares in the last quarter. Skylands Capital LLC bought a new stake in Rayonier Advanced Materials during the third quarter worth $1,366,000. Federated Investors Inc. PA raised its position in Rayonier Advanced Materials by 43.4% during the second quarter. Federated Investors Inc. PA now owns 116,550 shares of the basic materials company’s stock worth $1,832,000 after acquiring an additional 35,272 shares in the last quarter. Macquarie Group Ltd. bought a new stake in Rayonier Advanced Materials during the third quarter worth $374,000. Finally, Schwab Charles Investment Management Inc. raised its position in Rayonier Advanced Materials by 47.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 241,230 shares of the basic materials company’s stock worth $3,793,000 after acquiring an additional 77,993 shares in the last quarter. 95.15% of the stock is currently owned by institutional investors and hedge funds.
Rayonier Advanced Materials Company Profile
Rayonier Advanced Materials Inc is engaged in the production of cellulose specialties. The Company’s product lines include cellulose specialties and commodity products. Its products are used in manufacturing processes. The Company’s products are sold throughout the world to companies for use in various industrial applications, and to produce a range of products, including cigarette filters, foods, pharmaceuticals, textiles and electronics.
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