Rayonier Advanced Materials (NYSE:RYAM) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Rayonier Advanced Materials (NYSE:RYAMFree Report) from a sell rating to a hold rating in a report published on Saturday morning.

Several other equities research analysts have also commented on RYAM. Bank of America reduced their price objective on Rayonier Advanced Materials from $4.40 to $4.00 in a research note on Monday, July 10th. Royal Bank of Canada restated an outperform rating and issued a $6.00 price objective on shares of Rayonier Advanced Materials in a research note on Friday, September 8th.

View Our Latest Stock Report on Rayonier Advanced Materials

Rayonier Advanced Materials Price Performance

NYSE RYAM opened at $3.16 on Friday. The business’s fifty day moving average price is $3.90 and its 200-day moving average price is $4.80. The stock has a market capitalization of $206.48 million, a price-to-earnings ratio of 12.15 and a beta of 3.20. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.56 and a quick ratio of 1.02. Rayonier Advanced Materials has a 1-year low of $2.84 and a 1-year high of $9.84.

Rayonier Advanced Materials (NYSE:RYAMGet Free Report) last released its quarterly earnings results on Tuesday, August 8th. The basic materials company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.13). The firm had revenue of $385.00 million for the quarter. Rayonier Advanced Materials had a net margin of 1.05% and a return on equity of 0.98%. On average, equities analysts predict that Rayonier Advanced Materials will post -0.31 earnings per share for the current year.

Institutional Investors Weigh In On Rayonier Advanced Materials

Institutional investors have recently bought and sold shares of the business. Quarry LP purchased a new stake in Rayonier Advanced Materials in the 1st quarter worth $29,000. Point72 Asset Management L.P. purchased a new position in shares of Rayonier Advanced Materials during the fourth quarter valued at about $31,000. Price T Rowe Associates Inc. MD purchased a new position in shares of Rayonier Advanced Materials during the third quarter valued at about $32,000. Gladius Capital Management LP purchased a new position in shares of Rayonier Advanced Materials during the first quarter valued at about $34,000. Finally, Pathstone Family Office LLC purchased a new position in shares of Rayonier Advanced Materials during the third quarter valued at about $39,000. Hedge funds and other institutional investors own 79.68% of the company’s stock.

About Rayonier Advanced Materials

(Get Free Report)

Rayonier Advanced Materials Inc manufactures and sells cellulose specialty products in the United States, China, Canada, Japan, Europe, Latin America, other Asian countries, and internationally. The company operates through High Purity Cellulose, Paperboard, and High-Yield Pulp segments. Its products include cellulose specialties, which are natural polymers that are used as raw materials to manufacture a range of consumer-oriented products, such as liquid crystal displays, impact-resistant plastics, thickeners for food products, pharmaceuticals, cosmetics, cigarette filters, high-tenacity rayon yarn for tires and industrial hoses, food casings, paints, and lacquers.

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