Rayonier Advanced Materials (NYSE:RYAM) Stock Rating Upgraded by Wall Street Zen

Rayonier Advanced Materials (NYSE:RYAM) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Monday.

Other research analysts also recently issued reports about the company. Weiss Ratings restated a “sell (d-)” rating on shares of Rayonier Advanced Materials in a report on Tuesday, April 21st. Royal Bank Of Canada lowered their target price on Rayonier Advanced Materials from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Friday. Finally, Zacks Research downgraded Rayonier Advanced Materials from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $13.00.

Rayonier Advanced Materials Price Performance

Shares of RYAM stock opened at $8.21 on Monday. The company has a market capitalization of $553.88 million, a P/E ratio of -1.16 and a beta of 1.78. The company’s 50-day simple moving average is $8.33 and its two-hundred day simple moving average is $8.83. Rayonier Advanced Materials has a one year low of $3.35 and a one year high of $11.85. The company has a debt-to-equity ratio of 3.21, a current ratio of 1.37 and a quick ratio of 0.79.

Rayonier Advanced Materials (NYSE:RYAM) last posted its quarterly earnings results on Tuesday, May 5th. The basic materials company reported ($1.22) earnings per share for the quarter, missing the consensus estimate of ($0.62) by ($0.60). The company had revenue of $319.06 million for the quarter, compared to the consensus estimate of $302.63 million. Rayonier Advanced Materials had a negative net margin of 32.86% and a negative return on equity of 43.24%. As a group, equities analysts anticipate that Rayonier Advanced Materials will post -1.16 EPS for the current year.

Institutional Investors Weigh In On Rayonier Advanced Materials

A number of large investors have recently modified their holdings of RYAM. Nantahala Capital Management LLC boosted its stake in Rayonier Advanced Materials by 252.6% in the 4th quarter. Nantahala Capital Management LLC now owns 1,800,000 shares of the basic materials company’s stock worth $10,602,000 after purchasing an additional 1,289,490 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Rayonier Advanced Materials by 26.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,687,949 shares of the basic materials company’s stock worth $9,942,000 after buying an additional 348,589 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Rayonier Advanced Materials by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 1,548,346 shares of the basic materials company’s stock worth $9,122,000 after buying an additional 9,234 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Rayonier Advanced Materials by 177.3% in the third quarter. Millennium Management LLC now owns 1,359,752 shares of the basic materials company’s stock worth $9,817,000 after buying an additional 869,486 shares during the last quarter. Finally, Irenic Capital Management LP acquired a new stake in shares of Rayonier Advanced Materials during the first quarter worth $15,013,000. Hedge funds and other institutional investors own 68.64% of the company’s stock.

Rayonier Advanced Materials Company Profile

Rayonier Advanced Materials, Inc is a publicly traded specialty bioproducts company focused on the production of high-purity cellulose and engineered wood products. Headquartered in Jacksonville, Florida, the company operates a network of manufacturing facilities across North America, New Zealand and Europe. Its cellulose specialties business produces dissolving pulps and high-purity fibers that serve a range of end markets, including food and beverage, personal care, pharmaceuticals and textiles.