Rayonier Advanced Materials (NYSE:RYAM) Stock Rating Upgraded by StockNews.com

Rayonier Advanced Materials (NYSE:RYAM) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Separately, Royal Bank of Canada decreased their price objective on shares of Rayonier Advanced Materials from $12.00 to $11.00 and set an “outperform” rating for the company in a report on Friday, March 7th.

Rayonier Advanced Materials Price Performance

NYSE RYAM opened at $3.76 on Wednesday. Rayonier Advanced Materials has a fifty-two week low of $3.45 and a fifty-two week high of $10.28. The stock’s 50-day moving average is $5.05 and its two-hundred day moving average is $7.02. The firm has a market cap of $250.65 million, a P/E ratio of -2.93 and a beta of 2.63. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.73 and a quick ratio of 1.09.

Rayonier Advanced Materials (NYSE:RYAM) last issued its quarterly earnings data on Tuesday, May 6th. The basic materials company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.35). The company had revenue of $356.00 million during the quarter, compared to the consensus estimate of $375.80 million. Rayonier Advanced Materials had a negative net margin of 5.21% and a negative return on equity of 1.61%. On average, analysts anticipate that Rayonier Advanced Materials will post -0.08 earnings per share for the current fiscal year.

Institutional Trading of Rayonier Advanced Materials

Several hedge funds have recently added to or reduced their stakes in RYAM. New York State Teachers Retirement System acquired a new position in shares of Rayonier Advanced Materials during the first quarter worth approximately $34,000. Ieq Capital LLC bought a new position in Rayonier Advanced Materials during the fourth quarter worth $83,000. Entropy Technologies LP acquired a new position in Rayonier Advanced Materials during the 4th quarter valued at $84,000. Townsquare Capital LLC acquired a new position in Rayonier Advanced Materials during the 4th quarter valued at $85,000. Finally, Royce & Associates LP acquired a new stake in Rayonier Advanced Materials in the 1st quarter worth $103,000. Institutional investors own 68.64% of the company’s stock.

Rayonier Advanced Materials Company Profile

Rayonier Advanced Materials Inc manufactures and sells cellulose specialty products in the United States, China, Latin America, Canada, Japan, Europe, Latin America, other Asian countries, and internationally. It operates through High Purity Cellulose, Paperboard, and High-Yield Pulp segments. The company’s 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.