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

RYAM has been the topic of a number of other research reports. Zacks Investment Research raised shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Thursday, July 20th. BidaskClub cut shares of Rayonier Advanced Materials from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Vertical Research raised shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $18.00 target price on shares of Rayonier Advanced Materials in a research note on Friday, October 27th. Finally, Vertical Group raised shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating and boosted their target price for the stock from $18.00 to $19.00 in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $18.83.

Shares of Rayonier Advanced Materials (RYAM) opened at $16.76 on Thursday. The firm has a market cap of $725.32, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 5.28 and a beta of 4.26. Rayonier Advanced Materials has a one year low of $11.88 and a one year high of $17.60. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.20 and a current ratio of 1.46.

Rayonier Advanced Materials (NYSE:RYAM) last posted its earnings results on Wednesday, November 1st. The basic materials company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $210.00 million for the quarter, compared to analysts’ expectations of $200.66 million. Rayonier Advanced Materials had a net margin of 4.98% and a return on equity of 18.12%. The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 earnings per share. sell-side analysts expect that Rayonier Advanced Materials will post 0.64 EPS for the current year.

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In other Rayonier Advanced Materials news, Director Delyle W. Bloomquist acquired 5,600 shares of Rayonier Advanced Materials stock in a transaction that occurred on Monday, August 14th. The shares were bought at an average price of $13.48 per share, with a total value of $75,488.00. Following the completion of the purchase, the director now directly owns 27,904 shares in the company, valued at approximately $376,145.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.06% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its position in Rayonier Advanced Materials by 6.1% during the second quarter. PNC Financial Services Group Inc. now owns 6,946 shares of the basic materials company’s stock valued at $110,000 after acquiring an additional 399 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Rayonier Advanced Materials by 77.4% during 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 acquiring an additional 3,702 shares during the last quarter. Quantbot Technologies LP boosted its position in Rayonier Advanced Materials by 1,613.9% during the third quarter. Quantbot Technologies LP now owns 10,129 shares of the basic materials company’s stock valued at $138,000 after acquiring an additional 9,538 shares during the last quarter. Smith Asset Management Group LP bought a new stake in Rayonier Advanced Materials during the third quarter valued at $146,000. Finally, Crossmark Global Holdings Inc. bought a new stake in Rayonier Advanced Materials during the third quarter valued at $176,000. 93.19% of the stock is currently owned by 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.

Analyst Recommendations for Rayonier Advanced Materials (NYSE:RYAM)

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