Rayonier Advanced Materials (RYAM) Upgraded to “Buy” at ValuEngine

ValuEngine upgraded shares of Rayonier Advanced Materials (NYSE:RYAM) from a hold rating to a buy rating in a report published on Monday.

Several other analysts have also commented on the company. Berenberg Bank began coverage on Rayonier Advanced Materials in a research note on Thursday, July 12th. They issued a buy rating and a $25.00 price target on the stock. Zacks Investment Research raised Rayonier Advanced Materials from a hold rating to a buy rating and set a $22.00 price target on the stock in a research note on Friday, May 11th. Finally, Vertical Research raised Rayonier Advanced Materials from a hold rating to a buy rating in a research note on Wednesday, May 9th. Seven investment analysts have rated the stock with a buy rating, Rayonier Advanced Materials has an average rating of Buy and a consensus target price of $22.20.

Shares of RYAM stock opened at $20.25 on Monday. The company has a current ratio of 2.16, a quick ratio of 1.01 and a debt-to-equity ratio of 1.64. The firm has a market capitalization of $1.05 billion, a P/E ratio of 12.23, a P/E/G ratio of 0.43 and a beta of 3.41. Rayonier Advanced Materials has a one year low of $12.68 and a one year high of $22.96.

Rayonier Advanced Materials (NYSE:RYAM) last announced its quarterly earnings results on Thursday, August 2nd. The basic materials company reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.07. The business had revenue of $542.00 million for the quarter, compared to analyst estimates of $544.22 million. Rayonier Advanced Materials had a return on equity of 17.08% and a net margin of 23.97%. Rayonier Advanced Materials’s quarterly revenue was up 169.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.11 EPS. research analysts expect that Rayonier Advanced Materials will post 2.17 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Thursday, September 13th. Rayonier Advanced Materials’s dividend payout ratio is currently 28.87%.

In other Rayonier Advanced Materials news, SVP Michael R. Herman acquired 2,900 shares of Rayonier Advanced Materials stock in a transaction on Thursday, June 14th. The shares were bought at an average price of $17.12 per share, with a total value of $49,648.00. Following the completion of the purchase, the senior vice president now owns 123,914 shares in the company, valued at $2,121,407.68. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.23% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the business. Sigma Planning Corp acquired a new position in Rayonier Advanced Materials in the second quarter worth $178,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Rayonier Advanced Materials by 504.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,594 shares of the basic materials company’s stock valued at $185,000 after acquiring an additional 7,173 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Rayonier Advanced Materials during the second quarter valued at $188,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Rayonier Advanced Materials during the first quarter valued at $208,000. Finally, Gabelli Funds LLC acquired a new position in shares of Rayonier Advanced Materials during the first quarter valued at $208,000. 96.85% of the stock is currently owned by institutional investors.

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, and Pulp & 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.

Further Reading: What is a Leveraged Buyout (LBO)?

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Analyst Recommendations for Rayonier Advanced Materials (NYSE:RYAM)

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