Rayonier Advanced Materials (NYSE:RYAM) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Rayonier Advanced Materials (NYSE:RYAM) from a hold rating to a buy rating in a research report report published on Monday morning.

Separately, Royal Bank of Canada boosted their price target on Rayonier Advanced Materials from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th.

Rayonier Advanced Materials Trading Down 2.0 %

Shares of RYAM stock opened at $7.50 on Monday. Rayonier Advanced Materials has a fifty-two week low of $3.15 and a fifty-two week high of $10.28. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.09 and a current ratio of 1.73. The stock’s fifty day moving average price is $7.98 and its two-hundred day moving average price is $7.93. The company has a market cap of $494.07 million, a PE ratio of -5.86 and a beta of 3.00.

Rayonier Advanced Materials (NYSE:RYAM) last released its quarterly earnings data on Tuesday, November 5th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.06. Rayonier Advanced Materials had a negative return on equity of 1.61% and a negative net margin of 5.21%. The company had revenue of $401.00 million during the quarter, compared to the consensus estimate of $412.20 million. During the same quarter in the prior year, the firm posted ($0.41) earnings per share. Equities analysts predict that Rayonier Advanced Materials will post -0.08 EPS for the current fiscal year.

Insider Transactions at Rayonier Advanced Materials

In other news, Director Eric Bowen bought 12,500 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average price of $8.04 per share, with a total value of $100,500.00. Following the acquisition, the director now owns 12,500 shares of the company’s stock, valued at approximately $100,500. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 3.26% of the company’s stock.

Hedge Funds Weigh In On Rayonier Advanced Materials

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio grew its holdings in shares of Rayonier Advanced Materials by 1.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 63,054 shares of the basic materials company’s stock worth $540,000 after acquiring an additional 1,139 shares during the period. Savant Capital LLC raised its stake in shares of Rayonier Advanced Materials by 7.9% in the fourth quarter. Savant Capital LLC now owns 31,821 shares of the basic materials company’s stock worth $263,000 after purchasing an additional 2,322 shares during the last quarter. nVerses Capital LLC lifted its stake in Rayonier Advanced Materials by 121.9% during the 3rd quarter. nVerses Capital LLC now owns 7,100 shares of the basic materials company’s stock valued at $61,000 after acquiring an additional 3,900 shares during the period. Rhumbline Advisers boosted its holdings in Rayonier Advanced Materials by 3.5% in the fourth quarter. Rhumbline Advisers now owns 131,544 shares of the basic materials company’s stock worth $1,085,000 after purchasing an additional 4,445 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of Rayonier Advanced Materials in the second quarter worth $29,000. 68.64% of the stock is currently owned by hedge funds and other institutional investors.

Rayonier Advanced Materials Company Profile

Rayonier Advanced Materials Inc manufactures and sells cellulose specialty products in the United States, China, Latin America, Canada, Japan, Europe, Latin America, other Asian countries, and internationally. It operates through High Purity Cellulose, Paperboard, and High-Yield Pulp segments. The company’s products include cellulose specialties, which are natural polymers that are used as raw materials to manufacture a range of consumer-oriented products, such as liquid crystal displays, impact-resistant plastics, thickeners for food products, pharmaceuticals, cosmetics, cigarette filters, high-tenacity rayon yarn for tires and industrial hoses, food casings, paints, and lacquers.