Shares of Rayonier Advanced Materials Inc (NYSE:RYAM) have been assigned a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $20.75.
RYAM has been the topic of a number of recent research reports. Vertical Research downgraded Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Zacks Investment Research downgraded Rayonier Advanced Materials from a “hold” rating to a “sell” rating in a report on Wednesday, February 21st. ValuEngine raised Rayonier Advanced Materials from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 1st. Bank of America lifted their price objective on Rayonier Advanced Materials from $23.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Finally, TheStreet raised Rayonier Advanced Materials from a “c” rating to a “b” rating in a report on Wednesday, December 13th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Miles Capital Inc. acquired a new stake in Rayonier Advanced Materials during the fourth quarter valued at approximately $290,000. Koch Industries Inc. acquired a new stake in Rayonier Advanced Materials during the fourth quarter valued at approximately $313,000. Trexquant Investment LP acquired a new stake in Rayonier Advanced Materials during the third quarter valued at approximately $217,000. Teacher Retirement System of Texas acquired a new stake in Rayonier Advanced Materials during the fourth quarter valued at approximately $367,000. Finally, Martingale Asset Management L P acquired a new stake in Rayonier Advanced Materials during the fourth quarter valued at approximately $392,000. 94.21% of the stock is currently owned by institutional investors.
RYAM stock opened at $21.33 on Friday. Rayonier Advanced Materials has a twelve month low of $11.88 and a twelve month high of $22.23. The stock has a market cap of $1,120.46, a P/E ratio of 21.99, a PEG ratio of 2.47 and a beta of 3.52. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.12 and a current ratio of 2.10.
Rayonier Advanced Materials (NYSE:RYAM) last released its earnings results on Tuesday, February 20th. The basic materials company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.35. Rayonier Advanced Materials had a return on equity of 16.99% and a net margin of 33.92%. The business had revenue of $349.00 million for the quarter, compared to the consensus estimate of $349.31 million. During the same period last year, the business earned $0.18 earnings per share. The firm’s revenue for the quarter was up 51.1% compared to the same quarter last year. sell-side analysts predict that Rayonier Advanced Materials will post 1.75 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 16th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Thursday, March 15th. Rayonier Advanced Materials’s payout ratio is 28.87%.
Rayonier Advanced Materials announced that its board has authorized a share repurchase plan on Tuesday, February 20th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the basic materials company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
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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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