Rayonier Advanced Materials Inc (NYSE:RYAM) has been given an average rating of “Hold” by the six brokerages that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $22.33.
Several equities research analysts have recently commented on RYAM shares. DA Davidson cut their price objective on Rayonier Advanced Materials to $18.00 and set a “buy” rating for the company in a report on Friday, May 10th. TheStreet downgraded Rayonier Advanced Materials from a “b-” rating to a “c” rating in a report on Monday, May 13th. Finally, ValuEngine raised Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a report on Friday, March 1st.
NYSE RYAM opened at $6.50 on Friday. The company has a market capitalization of $334.65 million, a PE ratio of 3.85 and a beta of 3.85. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.08 and a quick ratio of 1.03. Rayonier Advanced Materials has a 12 month low of $6.18 and a 12 month high of $22.07.
Rayonier Advanced Materials (NYSE:RYAM) last released its quarterly earnings data on Wednesday, May 8th. The basic materials company reported ($0.52) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.66). The company had revenue of $483.00 million during the quarter, compared to analyst estimates of $509.84 million. Rayonier Advanced Materials had a net margin of 3.96% and a return on equity of 8.96%. The company’s quarterly revenue was down 7.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 EPS. On average, sell-side analysts forecast that Rayonier Advanced Materials will post -0.03 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 4.31%. The ex-dividend date is Thursday, June 13th. Rayonier Advanced Materials’s dividend payout ratio is 16.57%.
A number of institutional investors have recently made changes to their positions in RYAM. LSV Asset Management lifted its holdings in Rayonier Advanced Materials by 1.3% in the 1st quarter. LSV Asset Management now owns 1,823,208 shares of the basic materials company’s stock worth $24,722,000 after buying an additional 23,050 shares during the period. Blueshift Asset Management LLC purchased a new position in shares of Rayonier Advanced Materials in the 4th quarter valued at approximately $439,000. TIAA CREF Investment Management LLC lifted its stake in shares of Rayonier Advanced Materials by 130.3% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 252,389 shares of the basic materials company’s stock valued at $4,652,000 after purchasing an additional 142,803 shares during the period. BlackRock Inc. lifted its stake in shares of Rayonier Advanced Materials by 2.5% in the 4th quarter. BlackRock Inc. now owns 7,608,449 shares of the basic materials company’s stock valued at $81,030,000 after purchasing an additional 183,861 shares during the period. Finally, Sigma Planning Corp lifted its stake in shares of Rayonier Advanced Materials by 25.4% in the 4th quarter. Sigma Planning Corp now owns 14,392 shares of the basic materials company’s stock valued at $153,000 after purchasing an additional 2,913 shares during the period. 98.69% of the stock is owned by institutional investors and hedge funds.
Rayonier Advanced Materials Company Profile
Rayonier Advanced Materials Inc manufactures and sells cellulose specialty products in the United States, China, Japan, Europe, Latin America, other Asian countries, Canada, and internationally. The company operates through High Purity Cellulose, Forest Products, Pulp, and Paper segments. Its products include cellulose specialties, which are natural polymers that are used as raw materials to manufacture a range of consumer-oriented products, such as cigarette filters, liquid crystal displays, impact-resistant plastics, thickeners for food products, pharmaceuticals, cosmetics, high-tenacity rayon yarn for tires and industrial hoses, food casings, paints, and lacquers.
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