Vertical Research Downgrades Rayonier Advanced Materials (RYAM) to Hold

Rayonier Advanced Materials (NYSE:RYAM) was downgraded by investment analysts at Vertical Research from a “buy” rating to a “hold” rating in a research note issued on Thursday, The Fly reports.

RYAM has been the topic of several other reports. Royal Bank of Canada reissued a “buy” rating and set a $20.00 price objective on shares of Rayonier Advanced Materials in a research report on Friday, November 3rd. TheStreet raised shares of Rayonier Advanced Materials from a “c” rating to a “b” rating in a research report on Wednesday, December 13th. Zacks Investment Research raised shares of Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, ValuEngine downgraded shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $18.83.

Shares of Rayonier Advanced Materials (NYSE:RYAM) traded up $0.21 during trading hours on Thursday, hitting $20.55. 1,114,700 shares of the company’s stock were exchanged, compared to its average volume of 820,400. Rayonier Advanced Materials has a 52 week low of $11.88 and a 52 week high of $20.99. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.20 and a current ratio of 1.46. The stock has a market cap of $1,070.00, a P/E ratio of 38.06, a PEG ratio of 2.31 and a beta of 4.41.

Rayonier Advanced Materials (NYSE:RYAM) last announced its quarterly earnings data on Wednesday, November 1st. The basic materials company reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.01. The company had revenue of $210.00 million for the quarter, compared to the consensus estimate of $200.66 million. Rayonier Advanced Materials had a net margin of 4.98% and a return on equity of 18.12%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 EPS. research analysts expect that Rayonier Advanced Materials will post 0.61 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. State Street Corp grew its holdings in Rayonier Advanced Materials by 15.9% in the first quarter. State Street Corp now owns 1,075,593 shares of the basic materials company’s stock valued at $14,465,000 after purchasing an additional 147,343 shares during the period. California Public Employees Retirement System lifted its position in Rayonier Advanced Materials by 6.6% during the second quarter. California Public Employees Retirement System now owns 142,400 shares of the basic materials company’s stock valued at $2,239,000 after buying an additional 8,800 shares in the last quarter. Skylands Capital LLC acquired a new position in Rayonier Advanced Materials during the third quarter valued at approximately $1,366,000. Spark Investment Management LLC acquired a new position in Rayonier Advanced Materials during the first quarter valued at approximately $3,304,000. Finally, Federated Investors Inc. PA lifted its position in Rayonier Advanced Materials by 43.4% during the second quarter. Federated Investors Inc. PA now owns 116,550 shares of the basic materials company’s stock valued at $1,832,000 after buying an additional 35,272 shares in the last quarter. Hedge funds and other institutional investors own 95.15% of the company’s stock.

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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.

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