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

Shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) have been assigned an average recommendation of “Hold” from the nine analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $18.40.

A number of equities research analysts have recently weighed in on RYAM shares. Bank of America Corporation upgraded Rayonier Advanced Materials from a “neutral” rating to a “buy” rating and set a $20.00 price target for the company in a report on Friday, May 26th. Vertical Research downgraded Rayonier Advanced Materials from a “buy” rating to a “hold” rating and set a $18.00 price target for the company. in a report on Thursday, June 1st. Royal Bank Of Canada reiterated a “buy” rating on shares of Rayonier Advanced Materials in a report on Wednesday, May 3rd. TheStreet upgraded Rayonier Advanced Materials from a “d” rating to a “c” rating in a research report on Tuesday, June 13th. Finally, BidaskClub lowered Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th.

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Hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue raised its stake in shares of Rayonier Advanced Materials by 77.4% in the second quarter. State of Alaska Department of Revenue now owns 8,482 shares of the basic materials company’s stock valued at $133,000 after buying an additional 3,702 shares during the period. Mason Street Advisors LLC raised its stake in shares of Rayonier Advanced Materials by 7.0% in the first quarter. Mason Street Advisors LLC now owns 10,118 shares of the basic materials company’s stock worth $136,000 after buying an additional 663 shares during the period. GW&K Investment Management LLC bought a new stake in shares of Rayonier Advanced Materials during the second quarter worth about $181,000. Hartford Investment Management Co. raised its stake in shares of Rayonier Advanced Materials by 12.9% in the first quarter. Hartford Investment Management Co. now owns 14,870 shares of the basic materials company’s stock worth $200,000 after buying an additional 1,700 shares during the period. Finally, Karp Capital Management Corp bought a new stake in shares of Rayonier Advanced Materials during the first quarter worth about $204,000. Institutional investors and hedge funds own 88.12% of the company’s stock.

Rayonier Advanced Materials (NYSE RYAM) opened at 15.40 on Friday. The stock has a market cap of $665.60 million, a P/E ratio of 12.35 and a beta of 4.32. Rayonier Advanced Materials has a 1-year low of $10.37 and a 1-year high of $17.60. The company has a 50-day moving average of $15.28 and a 200 day moving average of $14.30.

Rayonier Advanced Materials (NYSE:RYAM) last issued its quarterly earnings results on Monday, May 1st. The basic materials company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.02. Rayonier Advanced Materials had a net margin of 7.27% and a return on equity of 37.41%. The firm had revenue of $201 million during the quarter, compared to the consensus estimate of $200.28 million. During the same quarter last year, the firm posted $0.36 earnings per share. Rayonier Advanced Materials’s revenue was down 7.8% compared to the same quarter last year. Analysts predict that Rayonier Advanced Materials will post $0.89 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 16th were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, June 14th. This represents a $0.28 annualized dividend and a dividend yield of 1.82%. Rayonier Advanced Materials’s dividend payout ratio (DPR) is 22.76%.

Rayonier Advanced Materials Company Profile

Rayonier Advanced Materials Inc is engaged in the production of cellulose specialties. The Company’s product lines include cellulose specialties and commodity products. Its products are used in manufacturing processes. The Company’s products are sold throughout the world to companies for use in various industrial applications, and to produce a range of products, including cigarette filters, foods, pharmaceuticals, textiles and electronics.

Analyst Recommendations for Rayonier Advanced Materials (NYSE:RYAM)

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