Rayonier Advanced Materials (RYAM) Cut to “Strong Sell” at ValuEngine

Rayonier Advanced Materials (NYSE:RYAM) was downgraded by ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued on Wednesday.

RYAM has been the subject of a number of other reports. Zacks Investment Research lowered Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. Bank of America cut their target price on Rayonier Advanced Materials from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, October 15th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $21.67.

Shares of RYAM stock opened at $13.82 on Wednesday. Rayonier Advanced Materials has a 12 month low of $11.65 and a 12 month high of $22.96. The company has a market cap of $696.98 million, a PE ratio of 14.25, a price-to-earnings-growth ratio of 0.23 and a beta of 3.60. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.32 and a quick ratio of 1.26.

Rayonier Advanced Materials (NYSE:RYAM) last issued its earnings results on Monday, November 5th. The basic materials company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.08). The firm had revenue of $544.00 million during the quarter, compared to analyst estimates of $556.46 million. Rayonier Advanced Materials had a net margin of 21.00% and a return on equity of 17.33%. The business’s revenue for the quarter was up 159.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 earnings per share. Equities analysts anticipate that Rayonier Advanced Materials will post 1.9 earnings per share for the current fiscal year.

In other news, Chairman Paul G. Boynton bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 12th. The stock was acquired at an average cost of $13.72 per share, for a total transaction of $137,200.00. Following the completion of the purchase, the chairman now owns 273,020 shares of the company’s stock, valued at approximately $3,745,834.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 3,000 shares of company stock valued at $47,500 over the last 90 days. 2.23% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Great West Life Assurance Co. Can raised its stake in Rayonier Advanced Materials by 3.9% during the second quarter. Great West Life Assurance Co. Can now owns 65,859 shares of the basic materials company’s stock worth $1,125,000 after acquiring an additional 2,497 shares in the last quarter. Aperio Group LLC raised its stake in Rayonier Advanced Materials by 19.9% during the second quarter. Aperio Group LLC now owns 26,321 shares of the basic materials company’s stock worth $450,000 after acquiring an additional 4,370 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in Rayonier Advanced Materials by 14.6% during the second quarter. State Board of Administration of Florida Retirement System now owns 40,654 shares of the basic materials company’s stock worth $695,000 after acquiring an additional 5,185 shares in the last quarter. Legal & General Group Plc raised its stake in Rayonier Advanced Materials by 5.8% during the second quarter. Legal & General Group Plc now owns 110,188 shares of the basic materials company’s stock worth $1,871,000 after acquiring an additional 6,020 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Rayonier Advanced Materials by 6.8% during the second quarter. Rhumbline Advisers now owns 125,460 shares of the basic materials company’s stock worth $2,144,000 after acquiring an additional 7,982 shares in the last quarter. Institutional investors and hedge funds own 96.62% of the company’s stock.

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, 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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