Media coverage about Rayonier Advanced Materials (NYSE:RYAM) has been trending positive on Saturday, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Rayonier Advanced Materials earned a daily sentiment score of 0.31 on Accern’s scale. Accern also gave headlines about the basic materials company an impact score of 46.7166600529134 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Several equities analysts recently weighed in on the stock. 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. ValuEngine cut shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Zacks Investment Research raised shares of Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 8th. TheStreet upgraded shares of Rayonier Advanced Materials from a “c” rating to a “b” rating in a report on Wednesday, December 13th. Finally, Vertical Research lowered shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $20.00.
Rayonier Advanced Materials (NYSE RYAM) traded down $0.07 during trading hours on Friday, hitting $18.18. 858,898 shares of the stock traded hands, compared to its average volume of 771,827. Rayonier Advanced Materials has a twelve month low of $11.88 and a twelve month high of $20.99. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.20 and a current ratio of 1.46. The company has a market cap of $789.80, a price-to-earnings ratio of 28.41, a P/E/G ratio of 2.07 and a beta of 4.03.
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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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