Rayonier Advanced Materials Inc. (NYSE:RYAM)‘s stock had its “buy” rating reaffirmed by equities researchers at Royal Bank Of Canada in a report released on Monday. They presently have a $18.00 target price on the basic materials company’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 32.84% from the company’s current price.

A number of other equities analysts have also recently weighed in on RYAM. Vertical Research cut Rayonier Advanced Materials from a “buy” rating to a “hold” rating and set a $18.00 price target for the company. in a report on Thursday, June 1st. TheStreet raised Rayonier Advanced Materials from a “d” rating to a “c” rating in a report on Tuesday, June 13th. BidaskClub cut Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Zacks Investment Research raised Rayonier Advanced Materials from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Thursday, July 20th. Finally, Vertical Group raised Rayonier Advanced Materials from a “hold” rating to a “buy” rating and boosted their price target for the stock from $18.00 to $19.00 in a report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $18.50.

Rayonier Advanced Materials (NYSE:RYAM) opened at 13.55 on Monday. Rayonier Advanced Materials has a 12-month low of $11.87 and a 12-month high of $17.60. The stock’s 50 day moving average price is $13.73 and its 200-day moving average price is $14.13. The stock has a market capitalization of $586.39 million, a PE ratio of 16.29 and a beta of 4.29.

Rayonier Advanced Materials (NYSE:RYAM) last released its quarterly 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). Rayonier Advanced Materials had a return on equity of 24.17% and a net margin of 5.71%. The company had revenue of $201.00 million during the quarter, compared to analyst estimates of $214.00 million. During the same period last year, the firm earned $0.46 earnings per share. The business’s revenue was down 6.1% compared to the same quarter last year. Analysts expect that Rayonier Advanced Materials will post $0.72 earnings per share for the current year.

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In other Rayonier Advanced Materials news, Director Delyle W. Bloomquist acquired 5,600 shares of the stock in a transaction dated Monday, August 14th. The stock was acquired at an average price of $13.48 per share, with a total value of $75,488.00. Following the completion of the transaction, the director now directly owns 27,904 shares in the company, valued at $376,145.92. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.14% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its position 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 valued at $110,000 after purchasing an additional 399 shares during the period. State of Alaska Department of Revenue grew its position in shares of Rayonier Advanced Materials by 77.4% in the second quarter. State of Alaska Department of Revenue now owns 8,482 shares of the basic materials company’s stock valued at $133,000 after purchasing an additional 3,702 shares during the period. Mason Street Advisors LLC grew its position in shares of Rayonier Advanced Materials by 7.0% in the first quarter. Mason Street Advisors LLC now owns 10,118 shares of the basic materials company’s stock valued at $136,000 after purchasing an additional 663 shares during the period. GW&K Investment Management LLC purchased a new stake in shares of Rayonier Advanced Materials in the second quarter valued at $181,000. Finally, Karp Capital Management Corp purchased a new stake in shares of Rayonier Advanced Materials in the first quarter valued at $204,000. 93.47% of the stock is owned by institutional investors and hedge funds.

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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