Rayonier Advanced Materials Inc. (NYSE:RYAM) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Monday.

A number of other research analysts have also commented on RYAM. Royal Bank Of Canada restated a “buy” rating on shares of Rayonier Advanced Materials in a research note on Wednesday, May 3rd. Bank of America Corporation upgraded shares of Rayonier Advanced Materials from a “neutral” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Friday, May 26th. Vertical Research upgraded shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Friday, May 26th. TheStreet upgraded shares of Rayonier Advanced Materials from a “d” rating to a “c” rating in a research note on Tuesday, June 13th. Finally, BidaskClub lowered shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $19.33.

Rayonier Advanced Materials (NYSE RYAM) traded up 0.51% during midday trading on Monday, reaching $13.86. 748,198 shares of the company’s stock traded hands. The company has a market capitalization of $587.48 million, a PE ratio of 16.82 and a beta of 4.28. Rayonier Advanced Materials has a 1-year low of $10.37 and a 1-year high of $17.60. The firm’s 50 day moving average price is $15.53 and its 200-day moving average price is $14.22.

Rayonier Advanced Materials (NYSE:RYAM) last posted its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by $0.15. The business had revenue of $201 million during the quarter, compared to analyst estimates of $214 million. Rayonier Advanced Materials had a net margin of 5.71% and a return on equity of 24.17%. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 earnings per share. Equities analysts expect that Rayonier Advanced Materials will post $0.82 EPS for the current year.

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Several hedge funds have recently modified their holdings of RYAM. Comerica Bank increased its stake in shares of Rayonier Advanced Materials by 3.6% in the first quarter. Comerica Bank now owns 48,828 shares of the basic materials company’s stock valued at $644,000 after buying an additional 1,697 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Rayonier Advanced Materials by 3.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 41,328 shares of the basic materials company’s stock valued at $556,000 after buying an additional 1,414 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Rayonier Advanced Materials by 6.9% in the first quarter. Great West Life Assurance Co. Can now owns 59,753 shares of the basic materials company’s stock valued at $802,000 after buying an additional 3,852 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp increased its stake in shares of Rayonier Advanced Materials by 73.3% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 62,671 shares of the basic materials company’s stock valued at $843,000 after buying an additional 26,509 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of Rayonier Advanced Materials during the first quarter valued at $1,294,000. 86.71% of the stock is currently owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Rayonier Advanced Materials (NYSE:RYAM)

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