Rayonier Advanced Materials (RYAM) Receiving Somewhat Positive Media Coverage, Accern Reports

Media headlines about Rayonier Advanced Materials (NYSE:RYAM) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Rayonier Advanced Materials earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned media headlines about the basic materials company an impact score of 43.6209048553421 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:

Shares of Rayonier Advanced Materials (NYSE RYAM) traded down 1.00% on Wednesday, hitting $13.80. 440,910 shares of the stock were exchanged. The stock’s 50-day moving average is $13.77 and its 200-day moving average is $14.23. The stock has a market cap of $597.21 million, a price-to-earnings ratio of 16.59 and a beta of 4.27. Rayonier Advanced Materials has a 1-year low of $11.87 and a 1-year high of $17.60.

Rayonier Advanced Materials (NYSE:RYAM) last announced its earnings results on Wednesday, August 2nd. The basic materials company reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.15). The firm had revenue of $201.00 million during the quarter, compared to analysts’ expectations of $214.00 million. Rayonier Advanced Materials had a net margin of 5.71% and a return on equity of 24.17%. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 EPS. Analysts forecast that Rayonier Advanced Materials will post $0.65 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a $0.07 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.28 annualized dividend and a dividend yield of 2.01%. Rayonier Advanced Materials’s dividend payout ratio is currently 35.00%.

RYAM has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a report on Saturday, July 22nd. Vertical Research upgraded shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Vertical Group upgraded shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating and raised their price objective for the stock from $18.00 to $19.00 in a report on Tuesday, July 25th. BidaskClub lowered shares of Rayonier Advanced Materials from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $18.00 target price on shares of Rayonier Advanced Materials in a research report on Monday, September 25th. Two equities research analysts have rated the stock with a sell rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $18.50.

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In other news, Director Delyle W. Bloomquist bought 5,600 shares of the stock in a transaction dated Monday, August 14th. The stock was bought at an average price of $13.48 per share, for a total transaction of $75,488.00. Following the completion of the acquisition, the director now directly owns 27,904 shares in the company, valued at approximately $376,145.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.14% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Rayonier Advanced Materials (NYSE:RYAM)

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