Rayonier Advanced Materials Inc (NYSE:RYAM) Given Consensus Rating of “Hold” by Analysts

Shares of Rayonier Advanced Materials Inc (NYSE:RYAM) have received an average recommendation of “Hold” from the eight brokerages that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $11.00.

Several brokerages have recently commented on RYAM. Berenberg Bank downgraded shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating and lowered their target price for the company from $15.00 to $5.00 in a report on Wednesday, October 16th. ValuEngine upgraded shares of Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Royal Bank of Canada set a $10.00 target price on shares of Rayonier Advanced Materials and gave the company a “buy” rating in a report on Friday, August 9th. Sidoti downgraded shares of Rayonier Advanced Materials from a “buy” rating to a “neutral” rating in a report on Thursday, August 8th. Finally, Bank of America downgraded shares of Rayonier Advanced Materials from a “buy” rating to an “underperform” rating in a report on Thursday, August 8th.

In related news, CEO Paul G. Boynton acquired 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was acquired at an average price of $3.63 per share, for a total transaction of $363,000.00. Following the completion of the acquisition, the chief executive officer now owns 500,594 shares of the company’s stock, valued at approximately $1,817,156.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.09% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of RYAM. Denali Advisors LLC purchased a new stake in Rayonier Advanced Materials during the second quarter worth about $78,000. WINTON GROUP Ltd purchased a new stake in Rayonier Advanced Materials during the second quarter worth about $708,000. First Citizens Bank & Trust Co. purchased a new stake in Rayonier Advanced Materials during the second quarter worth about $73,000. Nisa Investment Advisors LLC increased its holdings in Rayonier Advanced Materials by 3,636.4% during the second quarter. Nisa Investment Advisors LLC now owns 12,330 shares of the basic materials company’s stock worth $80,000 after buying an additional 12,000 shares during the last quarter. Finally, First Hawaiian Bank increased its holdings in Rayonier Advanced Materials by 88.6% during the second quarter. First Hawaiian Bank now owns 23,730 shares of the basic materials company’s stock worth $154,000 after buying an additional 11,150 shares during the last quarter. Institutional investors and hedge funds own 90.32% of the company’s stock.

Shares of RYAM stock opened at $3.98 on Friday. The firm has a 50-day moving average of $4.30 and a 200-day moving average of $5.62. The company has a market cap of $251.58 million, a P/E ratio of 2.36 and a beta of 3.78. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.15 and a quick ratio of 1.22. Rayonier Advanced Materials has a one year low of $2.50 and a one year high of $15.66.

Rayonier Advanced Materials (NYSE:RYAM) last announced its earnings results on Monday, November 4th. The basic materials company reported ($0.29) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.16). The firm had revenue of $416.00 million during the quarter, compared to analysts’ expectations of $471.24 million. Rayonier Advanced Materials had a negative net margin of 1.99% and a negative return on equity of 5.65%. The business’s revenue for the quarter was down 17.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 EPS. As a group, research analysts expect that Rayonier Advanced Materials will post -1.28 earnings per share for the current fiscal year.

About Rayonier Advanced Materials

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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Analyst Recommendations for Rayonier Advanced Materials (NYSE:RYAM)

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