Rayonier Advanced Materials Inc (NYSE:RYAM)’s stock price rose 5.5% on Tuesday . The stock traded as high as $3.13 and last traded at $3.06, approximately 882,671 shares were traded during trading. A decline of 2% from the average daily volume of 902,171 shares. The stock had previously closed at $2.90.

RYAM has been the topic of several recent analyst reports. Royal Bank of Canada set a $10.00 price target on Rayonier Advanced Materials and gave the stock a “buy” rating in a research report on Friday. DA Davidson lowered their price target on Rayonier Advanced Materials to $18.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Sidoti lowered Rayonier Advanced Materials from a “buy” rating to a “neutral” rating in a research report on Thursday, August 8th. ValuEngine raised Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, TheStreet lowered Rayonier Advanced Materials from a “b-” rating to a “c” rating in a research report on Monday, May 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.00.

The company has a market capitalization of $143.07 million, a PE ratio of 1.81 and a beta of 3.61. The company has a 50-day moving average of $5.09. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.09 and a current ratio of 2.00.

Rayonier Advanced Materials (NYSE:RYAM) last posted its earnings results on Wednesday, August 7th. The basic materials company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.17). The business had revenue of $488.00 million for the quarter, compared to analyst estimates of $497.01 million. Rayonier Advanced Materials had a return on equity of 1.70% and a net margin of 0.69%. The firm’s revenue was down 10.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 earnings per share. Analysts predict that Rayonier Advanced Materials Inc will post -0.45 EPS for the current year.

Hedge funds have recently bought and sold shares of the stock. LSV Asset Management increased its holdings in shares of Rayonier Advanced Materials by 1.3% during the 1st quarter. LSV Asset Management now owns 1,823,208 shares of the basic materials company’s stock worth $24,722,000 after acquiring an additional 23,050 shares during the last quarter. Norges Bank acquired a new position in shares of Rayonier Advanced Materials during the 4th quarter worth approximately $4,648,000. Raymond James Trust N.A. acquired a new position in Rayonier Advanced Materials in the 1st quarter valued at $209,000. Hawkeye Capital Management LLC acquired a new position in Rayonier Advanced Materials in the 1st quarter valued at $3,625,000. Finally, Quantinno Capital Management LP acquired a new position in Rayonier Advanced Materials in the 1st quarter valued at $681,000. 99.90% of the stock is currently owned by institutional investors and hedge funds.

Rayonier Advanced Materials Company Profile (NYSE:RYAM)

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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