BidaskClub cut shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) from a sell rating to a strong sell rating in a research report released on Tuesday, August 8th.
Several other research firms have also commented on RYAM. TheStreet raised Rayonier Advanced Materials from a d rating to a c rating in a research report on Tuesday, June 13th. Vertical Research downgraded Rayonier Advanced Materials from a buy rating to a hold rating and set a $18.00 target price on the stock. in a research note on Thursday, June 1st. Vertical Group upgraded Rayonier Advanced Materials from a hold rating to a buy rating and lifted their target price for the company from $18.00 to $19.00 in a research note on Tuesday, July 25th. Royal Bank Of Canada restated a buy rating on shares of Rayonier Advanced Materials in a research note on Wednesday, May 3rd. Finally, Zacks Investment Research downgraded Rayonier Advanced Materials from a hold rating to a strong sell rating in a research note on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating and six have assigned a buy rating to the company. Rayonier Advanced Materials currently has an average rating of Buy and a consensus price target of $18.83.
Rayonier Advanced Materials (NYSE RYAM) traded up 2.96% during mid-day trading on Tuesday, hitting $13.90. The company had a trading volume of 581,758 shares. The company has a 50-day moving average price of $14.77 and a 200 day moving average price of $14.03. Rayonier Advanced Materials has a 52-week low of $10.37 and a 52-week high of $17.60. The company has a market capitalization of $601.54 million, a P/E ratio of 16.71 and a beta of 4.28.
Rayonier Advanced Materials (NYSE:RYAM) last issued its earnings results on Wednesday, August 2nd. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.26 by $0.15. Rayonier Advanced Materials had a return on equity of 24.17% and a net margin of 5.71%. The business had revenue of $201 million for the quarter, compared to analyst estimates of $214 million. During the same period last year, the business posted $0.46 EPS. Rayonier Advanced Materials’s revenue was down 6.1% on a year-over-year basis. On average, analysts forecast that Rayonier Advanced Materials will post $0.81 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.01%. Rayonier Advanced Materials’s dividend payout ratio (DPR) is 35.00%.
In other Rayonier Advanced Materials news, Director Delyle W. Bloomquist bought 5,600 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was purchased at an average cost of $13.48 per share, for a total transaction of $75,488.00. Following the completion of the purchase, the director now owns 27,904 shares of the company’s stock, valued at approximately $376,145.92. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.06% of the company’s stock.
Large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its stake in Rayonier Advanced Materials by 6.1% in the second quarter. PNC Financial Services Group Inc. now owns 6,946 shares of the basic materials company’s stock worth $110,000 after buying an additional 399 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Rayonier Advanced Materials by 77.4% in the second quarter. State of Alaska Department of Revenue now owns 8,482 shares of the basic materials company’s stock valued at $133,000 after buying an additional 3,702 shares during the last quarter. Mason Street Advisors LLC increased its stake in shares of Rayonier Advanced Materials by 7.0% in the first quarter. Mason Street Advisors LLC now owns 10,118 shares of the basic materials company’s stock valued at $136,000 after buying an additional 663 shares during the last quarter. GW&K Investment Management LLC bought a new stake in shares of Rayonier Advanced Materials during the second quarter valued at $181,000. Finally, MARSHALL WACE ASIA Ltd bought a new stake in shares of Rayonier Advanced Materials during the first quarter valued at $198,000. 88.70% of the stock is owned by hedge funds and other institutional investors.
Rayonier Advanced Materials Company Profile
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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