Rayonier Advanced Materials Inc. (NYSE:RYAM)‘s stock had its “buy” rating reissued by research analysts at Royal Bank Of Canada in a research note issued on Monday. They currently have a $18.00 target price on the basic materials company’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 29.50% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on RYAM. Bank of America Corporation raised Rayonier Advanced Materials from a “neutral” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Friday, May 26th. Vertical Research raised Rayonier Advanced Materials from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Friday, May 26th. TheStreet raised Rayonier Advanced Materials from a “d” rating to a “c” rating in a report on Tuesday, June 13th. BidaskClub downgraded Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, Zacks Investment Research raised Rayonier Advanced Materials from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Thursday, July 20th. Two equities research analysts have rated the stock with a sell rating and six have assigned a buy rating to the stock. Rayonier Advanced Materials presently has an average rating of “Buy” and an average price target of $18.50.

Shares of Rayonier Advanced Materials (RYAM) traded down 2.050% during mid-day trading on Monday, hitting $13.615. The stock had a trading volume of 248,251 shares. Rayonier Advanced Materials has a 52 week low of $10.37 and a 52 week high of $17.60. The stock has a 50 day moving average of $14.77 and a 200-day moving average of $14.03. The stock has a market capitalization of $589.20 million, a P/E ratio of 16.364 and a beta of 4.28.

Rayonier Advanced Materials (NYSE:RYAM) last issued its earnings results on Wednesday, August 2nd. The basic materials company reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 period in the prior year, the business posted $0.46 EPS. On average, equities research analysts predict that Rayonier Advanced Materials will post $0.81 earnings per share for the current year.

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In other news, Director Delyle W. Bloomquist acquired 5,600 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were bought at an average price of $13.48 per share, with a total value of $75,488.00. Following the acquisition, the director now directly owns 27,904 shares in the company, valued at approximately $376,145.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.14% of the company’s stock.

Several large investors have recently added to or reduced their stakes in RYAM. Virginia Retirement Systems ET AL increased its position in shares of Rayonier Advanced Materials by 30.0% in the first quarter. Virginia Retirement Systems ET AL now owns 77,100 shares of the basic materials company’s stock valued at $1,037,000 after buying an additional 17,800 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Rayonier Advanced Materials by 22.8% in the first quarter. Parametric Portfolio Associates LLC now owns 268,862 shares of the basic materials company’s stock valued at $3,616,000 after buying an additional 49,989 shares during the last quarter. Karp Capital Management Corp bought a new position in shares of Rayonier Advanced Materials during the first quarter valued at approximately $204,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Rayonier Advanced Materials by 12,929.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,652 shares of the basic materials company’s stock valued at $1,125,000 after buying an additional 83,010 shares during the last quarter. Finally, Comerica Bank increased its position 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. 88.70% of the stock is currently owned by institutional investors.

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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