Rayonier Advanced Materials Inc (NYSE:RYAM) Receives $18.00 Average Price Target from Analysts

Rayonier Advanced Materials Inc (NYSE:RYAM) has earned a consensus rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $18.00.

Several equities research analysts have commented on the company. Zacks Investment Research upgraded Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 6th. Sidoti lowered Rayonier Advanced Materials from a “buy” rating to a “neutral” rating in a research note on Thursday. Bank of America lowered Rayonier Advanced Materials from a “buy” rating to an “underperform” rating in a research note on Thursday. ValuEngine upgraded Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, TheStreet lowered Rayonier Advanced Materials from a “b-” rating to a “c” rating in a research note on Monday, May 13th.

Shares of Rayonier Advanced Materials stock opened at $2.87 on Thursday. The company has a quick ratio of 1.03, a current ratio of 2.00 and a debt-to-equity ratio of 1.82. Rayonier Advanced Materials has a twelve month low of $2.81 and a twelve month high of $22.07. The company has a 50-day simple moving average of $5.39.

Rayonier Advanced Materials (NYSE:RYAM) last announced its quarterly earnings results on Wednesday, August 7th. The basic materials company reported ($0.35) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.17). Rayonier Advanced Materials had a net margin of 0.69% and a return on equity of 1.70%. The business had revenue of $488.00 million during the quarter, compared to analysts’ expectations of $497.01 million. During the same quarter in the prior year, the firm earned $0.60 EPS. Rayonier Advanced Materials’s revenue for the quarter was down 10.0% on a year-over-year basis. Analysts forecast that Rayonier Advanced Materials will post -0.45 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the business. LSV Asset Management increased its stake in Rayonier Advanced Materials by 1.3% during the 1st quarter. LSV Asset Management now owns 1,823,208 shares of the basic materials company’s stock worth $24,722,000 after buying an additional 23,050 shares in the last quarter. Norges Bank purchased a new stake in shares of Rayonier Advanced Materials in the fourth quarter valued at approximately $4,648,000. Raymond James Trust N.A. purchased a new stake in shares of Rayonier Advanced Materials in the first quarter valued at approximately $209,000. Hawkeye Capital Management LLC purchased a new stake in shares of Rayonier Advanced Materials in the first quarter valued at approximately $3,625,000. Finally, Quantinno Capital Management LP purchased a new stake in shares of Rayonier Advanced Materials in the first quarter valued at approximately $681,000. Institutional investors own 99.75% 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, 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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