Rayonier Advanced Materials Inc. (NYSE:RYAM) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Monday.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Thursday, July 20th. Vertical Group raised shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating and lifted their price target for the company from $18.00 to $19.00 in a research note on Tuesday, July 25th. Vertical Research raised shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Bank of America Corporation raised shares of Rayonier Advanced Materials from a “neutral” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Friday, May 26th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Rayonier Advanced Materials in a research note on Wednesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $19.33.

Rayonier Advanced Materials (NYSE:RYAM) opened at 13.45 on Monday. The firm has a market cap of $570.11 million, a price-to-earnings ratio of 16.32 and a beta of 4.28. Rayonier Advanced Materials has a one year low of $10.37 and a one year high of $17.60. The stock has a 50 day moving average of $15.34 and a 200 day moving average of $14.22.

Rayonier Advanced Materials (NYSE:RYAM) last announced its earnings results on Wednesday, August 2nd. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $201 million for the quarter, compared to the consensus estimate of $214 million. During the same period in the prior year, the business earned $0.46 EPS. Rayonier Advanced Materials’s quarterly revenue was down 6.1% on a year-over-year basis. Equities research analysts predict that Rayonier Advanced Materials will post $0.81 EPS for the current fiscal year.

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A number of large investors have recently bought and sold shares of RYAM. Vanguard Group Inc. increased its stake in Rayonier Advanced Materials by 6.3% in the first quarter. Vanguard Group Inc. now owns 6,896,195 shares of the basic materials company’s stock valued at $92,755,000 after buying an additional 409,971 shares during the period. Dimensional Fund Advisors LP increased its stake in Rayonier Advanced Materials by 24.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,411,284 shares of the basic materials company’s stock valued at $18,981,000 after buying an additional 275,545 shares during the period. Norges Bank bought a new stake in Rayonier Advanced Materials during the fourth quarter valued at $18,114,000. State Street Corp increased its stake in Rayonier Advanced Materials by 15.9% in the first quarter. State Street Corp now owns 1,075,593 shares of the basic materials company’s stock valued at $14,465,000 after buying an additional 147,343 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Rayonier Advanced Materials by 6.8% in the second quarter. Bank of New York Mellon Corp now owns 867,374 shares of the basic materials company’s stock valued at $13,636,000 after buying an additional 55,480 shares during the period. 86.71% of the stock is owned by hedge funds and other institutional investors.

About Rayonier Advanced Materials

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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Analyst Recommendations for Rayonier Advanced Materials (NYSE:RYAM)

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