Shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) have been assigned an average recommendation of “Buy” from the nine ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $19.50.

Several equities research analysts recently weighed in on the company. ValuEngine downgraded Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Zacks Investment Research raised Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 8th. Royal Bank Of Canada reissued a “buy” rating and set a $20.00 price objective on shares of Rayonier Advanced Materials in a report on Friday, November 3rd. Sidoti began coverage on Rayonier Advanced Materials in a report on Thursday, August 17th. They set a “buy” rating and a $19.00 price objective on the stock. Finally, BidaskClub lowered Rayonier Advanced Materials from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th.

Shares of Rayonier Advanced Materials (NYSE:RYAM) opened at $18.75 on Monday. The company has a current ratio of 1.46, a quick ratio of 1.20 and a debt-to-equity ratio of 2.19. Rayonier Advanced Materials has a twelve month low of $11.88 and a twelve month high of $19.09. The firm has a market capitalization of $811.44, a price-to-earnings ratio of 30.24, a P/E/G ratio of 5.86 and a beta of 4.40.

Rayonier Advanced Materials (NYSE:RYAM) last released its quarterly earnings data on Wednesday, November 1st. The basic materials company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.01. Rayonier Advanced Materials had a return on equity of 18.12% and a net margin of 4.98%. The company had revenue of $210.00 million for the quarter, compared to the consensus estimate of $200.66 million. During the same quarter last year, the business posted $0.44 EPS. Rayonier Advanced Materials’s revenue for the quarter was up 1.4% on a year-over-year basis. research analysts forecast that Rayonier Advanced Materials will post 0.64 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Thursday, December 14th. Rayonier Advanced Materials’s dividend payout ratio is currently 43.75%.

A number of large investors have recently made changes to their positions in the stock. Arizona State Retirement System raised its position in Rayonier Advanced Materials by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 22,605 shares of the basic materials company’s stock worth $355,000 after purchasing an additional 100 shares during the last quarter. Texas Permanent School Fund raised its position in Rayonier Advanced Materials by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 31,590 shares of the basic materials company’s stock worth $497,000 after purchasing an additional 264 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Rayonier Advanced Materials by 6.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,946 shares of the basic materials company’s stock worth $110,000 after purchasing an additional 399 shares during the last quarter. Victory Capital Management Inc. raised its position in Rayonier Advanced Materials by 8.1% during the 2nd quarter. Victory Capital Management Inc. now owns 23,400 shares of the basic materials company’s stock worth $368,000 after purchasing an additional 1,748 shares during the last quarter. Finally, Brandywine Global Investment Management LLC raised its position in Rayonier Advanced Materials by 9.7% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 23,409 shares of the basic materials company’s stock worth $368,000 after purchasing an additional 2,079 shares during the last quarter. 94.93% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Rayonier Advanced Materials (NYSE:RYAM)

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