Rayonier Advanced Materials Inc. (NYSE:RYAM) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other equities analysts also recently weighed in on RYAM. TheStreet upgraded Rayonier Advanced Materials from a “d” rating to a “c” rating in a research report on Tuesday, June 13th. Vertical Research upgraded Rayonier Advanced Materials from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Friday, May 26th. Bank of America Corporation upgraded Rayonier Advanced Materials from a “neutral” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Friday, May 26th. Royal Bank Of Canada lifted their target price on Rayonier Advanced Materials from $16.00 to $20.00 and gave the company an “outperform” rating in a research report on Tuesday, May 30th. Finally, Zacks Investment Research upgraded Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $17.83.

Shares of Rayonier Advanced Materials (NYSE RYAM) traded up 3.49% during mid-day trading on Friday, reaching $15.70. The company had a trading volume of 360,896 shares. The firm has a 50 day moving average of $15.28 and a 200-day moving average of $14.30. The stock has a market capitalization of $678.57 million, a P/E ratio of 12.59 and a beta of 4.32. Rayonier Advanced Materials has a one year low of $10.37 and a one year high of $17.60.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 16th were given a $0.07 dividend. The ex-dividend date was Wednesday, June 14th. This represents a $0.28 annualized dividend and a dividend yield of 1.78%. Rayonier Advanced Materials’s payout ratio is 22.76%.

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Several institutional investors have recently made changes to their positions in RYAM. Russell Investments Group Ltd. acquired a new position in shares of Rayonier Advanced Materials during the fourth quarter valued at approximately $504,000. State Board of Administration of Florida Retirement System increased its position in shares of Rayonier Advanced Materials by 12.5% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 39,914 shares of the basic materials company’s stock valued at $617,000 after buying an additional 4,445 shares during the last quarter. Comerica Bank increased its position in shares of Rayonier Advanced Materials by 5.6% in the fourth quarter. Comerica Bank now owns 47,131 shares of the basic materials company’s stock valued at $767,000 after buying an additional 2,493 shares during the last quarter. State Street Corp increased its position in shares of Rayonier Advanced Materials by 8.8% in the fourth quarter. State Street Corp now owns 928,250 shares of the basic materials company’s stock valued at $14,350,000 after buying an additional 74,944 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Rayonier Advanced Materials by 47.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,135,739 shares of the basic materials company’s stock valued at $17,559,000 after buying an additional 367,613 shares during the last quarter. Institutional investors and hedge funds own 87.89% of the company’s stock.

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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