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

Shares of Rayonier Advanced Materials Inc (NYSE:RYAM) have been given an average recommendation of “Hold” by the six analysts that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $24.50.

Several analysts have weighed in on RYAM shares. Bank of America dropped their price objective on Rayonier Advanced Materials from $26.00 to $24.00 and set a “buy” rating for the company in a report on Monday, October 15th. ValuEngine cut Rayonier Advanced Materials from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th. Finally, Zacks Investment Research cut Rayonier Advanced Materials from a “buy” rating to a “strong sell” rating in a report on Thursday, October 18th.

Shares of NYSE RYAM opened at $14.24 on Monday. The stock has a market cap of $742.43 million, a P/E ratio of 7.20, a P/E/G ratio of 0.42 and a beta of 3.56. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.26 and a current ratio of 2.32. Rayonier Advanced Materials has a 12-month low of $11.65 and a 12-month high of $22.96.

Rayonier Advanced Materials (NYSE:RYAM) last announced its quarterly earnings data on Monday, November 5th. The basic materials company reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.08). The firm had revenue of $544.00 million for the quarter, compared to the consensus estimate of $556.46 million. Rayonier Advanced Materials had a return on equity of 17.33% and a net margin of 21.00%. The business’s revenue for the quarter was up 159.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.18 earnings per share. On average, sell-side analysts forecast that Rayonier Advanced Materials will post 1.9 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Monday, December 17th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, December 14th. This represents a $0.28 dividend on an annualized basis and a yield of 1.97%. Rayonier Advanced Materials’s payout ratio is 28.87%.

In other news, Chairman Paul G. Boynton purchased 10,000 shares of Rayonier Advanced Materials stock in a transaction on Monday, November 12th. The stock was purchased at an average price of $13.72 per share, with a total value of $137,200.00. Following the transaction, the chairman now directly owns 273,020 shares in the company, valued at approximately $3,745,834.40. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last ninety days, insiders have sold 4,000 shares of company stock valued at $68,320. Insiders own 2.23% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. New York State Teachers Retirement System boosted its holdings in shares of Rayonier Advanced Materials by 9.3% in the 2nd quarter. New York State Teachers Retirement System now owns 114,659 shares of the basic materials company’s stock valued at $1,960,000 after buying an additional 9,786 shares during the last quarter. Shaker Investments LLC OH acquired a new stake in shares of Rayonier Advanced Materials in the 3rd quarter valued at approximately $267,000. Portolan Capital Management LLC boosted its holdings in shares of Rayonier Advanced Materials by 20.0% in the 2nd quarter. Portolan Capital Management LLC now owns 324,868 shares of the basic materials company’s stock valued at $5,552,000 after buying an additional 54,037 shares during the last quarter. OppenheimerFunds Inc. boosted its holdings in shares of Rayonier Advanced Materials by 43.9% in the 2nd quarter. OppenheimerFunds Inc. now owns 42,718 shares of the basic materials company’s stock valued at $730,000 after buying an additional 13,029 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in shares of Rayonier Advanced Materials by 11.1% in the 2nd quarter. Raymond James & Associates now owns 100,444 shares of the basic materials company’s stock valued at $1,717,000 after buying an additional 10,058 shares during the last quarter.

Rayonier Advanced Materials Company Profile

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, and Pulp & 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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