Rayonier Advanced Materials (NYSE:RYAM) Shares Up 6.7%

Shares of Rayonier Advanced Materials Inc (NYSE:RYAM) shot up 6.7% during mid-day trading on Monday . The company traded as high as $2.95 and last traded at $3.03, 21,147 shares traded hands during mid-day trading. A decline of 99% from the average session volume of 1,722,489 shares. The stock had previously closed at $2.84.

A number of equities research analysts have weighed in on RYAM shares. ValuEngine upgraded Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research upgraded Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 6th. TheStreet downgraded Rayonier Advanced Materials from a “b-” rating to a “c” rating in a research report on Monday, May 13th. DA Davidson cut their target price on Rayonier Advanced Materials to $18.00 and set a “buy” rating for the company in a research report on Friday, May 10th. Finally, Royal Bank of Canada set a $10.00 target price on Rayonier Advanced Materials and gave the stock a “buy” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Rayonier Advanced Materials presently has a consensus rating of “Hold” and a consensus target price of $17.00.

The stock has a market capitalization of $126.12 million, a price-to-earnings ratio of 1.79 and a beta of 3.61. The company has a quick ratio of 1.09, a current ratio of 2.00 and a debt-to-equity ratio of 1.82. The business has a 50-day simple moving average of $4.67 and a two-hundred day simple moving average of $9.95.



Rayonier Advanced Materials (NYSE:RYAM) last released its earnings results on Wednesday, August 7th. The basic materials company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.17). Rayonier Advanced Materials had a return on equity of 1.70% and a net margin of 0.69%. The firm had revenue of $488.00 million during the quarter, compared to analyst estimates of $497.01 million. During the same quarter last year, the company earned $0.60 earnings per share. The business’s revenue for the quarter was down 10.0% on a year-over-year basis. On average, analysts forecast that Rayonier Advanced Materials Inc will post -0.85 EPS for the current year.

Large investors have recently made changes to their positions in the company. Meeder Asset Management Inc. lifted its position in shares of Rayonier Advanced Materials by 248.1% during the 1st quarter. Meeder Asset Management Inc. now owns 1,852 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 1,320 shares during the last quarter. Investors Research Corp acquired a new stake in shares of Rayonier Advanced Materials during the 1st quarter valued at $26,000. Rockefeller Capital Management L.P. acquired a new stake in shares of Rayonier Advanced Materials during the 2nd quarter valued at $32,000. Bank of Montreal Can lifted its position in shares of Rayonier Advanced Materials by 222.2% during the 2nd quarter. Bank of Montreal Can now owns 7,044 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 4,858 shares during the last quarter. Finally, Gabelli Funds LLC acquired a new stake in shares of Rayonier Advanced Materials during the 2nd quarter valued at $65,000. Institutional investors own 97.27% of the company’s stock.

About Rayonier Advanced Materials (NYSE:RYAM)

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

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