Rayonier Advanced Materials (NYSE:RYAM) will be issuing its quarterly earnings data before the market opens on Tuesday, February 20th. Analysts expect the company to announce earnings of $0.14 per share for the quarter.
Shares of Rayonier Advanced Materials (NYSE:RYAM) opened at $17.97 on Tuesday. 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 12-month low of $11.88 and a 12-month high of $20.99. The company has a market capitalization of $769.46, a price-to-earnings ratio of 28.08, a P/E/G ratio of 2.02 and a beta of 4.03.
A number of research analysts have weighed in on RYAM shares. Royal Bank of Canada reissued a “buy” rating and issued a $20.00 target price on shares of Rayonier Advanced Materials in a report on Friday, November 3rd. Vertical Research downgraded Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. 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. Finally, TheStreet raised Rayonier Advanced Materials from a “c” rating to a “b” rating in a report on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $20.00.
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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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