Rayonier Advanced Materials (RYAM) Downgraded to “Hold” at Vertical Research

Vertical Research lowered shares of Rayonier Advanced Materials (NYSE:RYAM) from a buy rating to a hold rating in a research note issued to investors on Thursday.

Several other brokerages have also recently weighed in on RYAM. Royal Bank of Canada reaffirmed a buy rating and issued a $20.00 price target on shares of Rayonier Advanced Materials in a research note on Friday, November 3rd. TheStreet raised Rayonier Advanced Materials from a c rating to a b rating in a research note on Wednesday, December 13th. Zacks Investment Research raised Rayonier Advanced Materials from a strong sell rating to a hold rating in a research note on Wednesday, November 8th. Finally, ValuEngine cut Rayonier Advanced Materials from a buy rating to a hold rating in a research note on Thursday, November 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $20.00.

Shares of Rayonier Advanced Materials (NYSE:RYAM) traded down $1.27 during trading on Thursday, hitting $19.28. The company had a trading volume of 954,400 shares, compared to its average volume of 865,067. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.20 and a current ratio of 1.46. The company has a market capitalization of $996.33, a P/E ratio of 35.70, a PEG ratio of 2.34 and a beta of 4.41. Rayonier Advanced Materials has a one year low of $11.88 and a one year high of $20.99.

Rayonier Advanced Materials (NYSE:RYAM) last issued its quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The company had revenue of $210.00 million for the quarter, compared to analysts’ expectations of $200.66 million. Rayonier Advanced Materials had a return on equity of 18.12% and a net margin of 4.98%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 earnings per share. equities analysts predict that Rayonier Advanced Materials will post 0.61 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a $0.07 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.28 annualized dividend and a yield of 1.45%. Rayonier Advanced Materials’s payout ratio is 51.85%.

A number of hedge funds have recently modified their holdings of RYAM. Arizona State Retirement System grew its stake in shares of Rayonier Advanced Materials by 0.4% in the second quarter. Arizona State Retirement System now owns 22,605 shares of the basic materials company’s stock worth $355,000 after acquiring an additional 100 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Rayonier Advanced Materials by 6.1% in the second quarter. PNC Financial Services Group Inc. now owns 6,946 shares of the basic materials company’s stock worth $110,000 after acquiring an additional 399 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Rayonier Advanced Materials by 8.1% in the second quarter. Victory Capital Management Inc. now owns 23,400 shares of the basic materials company’s stock worth $368,000 after acquiring an additional 1,748 shares during the last quarter. Brandywine Global Investment Management LLC grew its stake in shares of Rayonier Advanced Materials by 9.7% in the second quarter. Brandywine Global Investment Management LLC now owns 23,409 shares of the basic materials company’s stock worth $368,000 after acquiring an additional 2,079 shares during the last quarter. Finally, Mckinley Capital Management LLC Delaware grew its stake in shares of Rayonier Advanced Materials by 1.5% in the third quarter. Mckinley Capital Management LLC Delaware now owns 211,762 shares of the basic materials company’s stock worth $2,901,000 after acquiring an additional 3,230 shares during the last quarter. 95.15% of the stock is currently owned by institutional investors.

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About Rayonier Advanced Materials

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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