Rayonier Advanced Materials (NYSE:RYAM) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Rayonier Advanced Materials (NYSE:RYAM) from a sell rating to a hold rating in a research report sent to investors on Monday morning.

Several other analysts also recently commented on the stock. Royal Bank Of Canada dropped their target price on shares of Rayonier Advanced Materials from $14.00 to $13.00 and set an “outperform” rating on the stock in a report on Friday. Zacks Research cut shares of Rayonier Advanced Materials from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Rayonier Advanced Materials in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $13.00.

Rayonier Advanced Materials Stock Down 0.5%

Shares of Rayonier Advanced Materials stock opened at $8.19 on Monday. The company has a market capitalization of $552.06 million, a P/E ratio of -1.16 and a beta of 1.78. The company has a debt-to-equity ratio of 3.21, a current ratio of 1.37 and a quick ratio of 0.79. The business has a 50-day moving average of $8.30 and a two-hundred day moving average of $8.85. Rayonier Advanced Materials has a 1 year low of $3.35 and a 1 year high of $11.85.

Rayonier Advanced Materials (NYSE:RYAM) last released its quarterly earnings data on Tuesday, May 5th. The basic materials company reported ($1.22) earnings per share for the quarter, missing the consensus estimate of ($0.62) by ($0.60). Rayonier Advanced Materials had a negative net margin of 32.86% and a negative return on equity of 43.24%. The business had revenue of $319.06 million for the quarter, compared to the consensus estimate of $302.63 million. As a group, equities analysts predict that Rayonier Advanced Materials will post -1.16 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Tactive Advisors LLC boosted its position in Rayonier Advanced Materials by 18.0% during the fourth quarter. Tactive Advisors LLC now owns 13,325 shares of the basic materials company’s stock valued at $78,000 after purchasing an additional 2,032 shares during the last quarter. Deutsche Bank AG increased its position in shares of Rayonier Advanced Materials by 1.5% during the 4th quarter. Deutsche Bank AG now owns 151,944 shares of the basic materials company’s stock worth $895,000 after purchasing an additional 2,292 shares during the last quarter. Barclays PLC increased its position in shares of Rayonier Advanced Materials by 4.5% during the 4th quarter. Barclays PLC now owns 100,484 shares of the basic materials company’s stock worth $592,000 after purchasing an additional 4,348 shares during the last quarter. Intech Investment Management LLC raised its stake in shares of Rayonier Advanced Materials by 19.1% during the 4th quarter. Intech Investment Management LLC now owns 27,725 shares of the basic materials company’s stock worth $163,000 after purchasing an additional 4,438 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Rayonier Advanced Materials by 13.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 39,121 shares of the basic materials company’s stock worth $231,000 after purchasing an additional 4,714 shares in the last quarter. 68.64% of the stock is owned by institutional investors and hedge funds.

Rayonier Advanced Materials Company Profile

Rayonier Advanced Materials, Inc is a publicly traded specialty bioproducts company focused on the production of high-purity cellulose and engineered wood products. Headquartered in Jacksonville, Florida, the company operates a network of manufacturing facilities across North America, New Zealand and Europe. Its cellulose specialties business produces dissolving pulps and high-purity fibers that serve a range of end markets, including food and beverage, personal care, pharmaceuticals and textiles.