Rayonier Advanced Materials (RYAM) Downgraded by ValuEngine to Strong Sell

ValuEngine lowered shares of Rayonier Advanced Materials (NYSE:RYAM) from a sell rating to a strong sell rating in a research note released on Wednesday morning.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Rayonier Advanced Materials from a hold rating to a buy rating and set a $23.00 target price on the stock in a report on Wednesday, September 26th. Bank of America lowered their target price on shares of Rayonier Advanced Materials from $26.00 to $24.00 and set a buy rating on the stock in a report on Monday, October 15th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. Rayonier Advanced Materials presently has a consensus rating of Hold and an average target price of $21.67.

Shares of Rayonier Advanced Materials stock opened at $13.52 on Wednesday. The firm has a market capitalization of $705.66 million, a price-to-earnings ratio of 6.84, a price-to-earnings-growth ratio of 0.23 and a beta of 3.60. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.26 and a current ratio of 2.32. Rayonier Advanced Materials has a 52-week low of $11.65 and a 52-week high of $22.96.

Rayonier Advanced Materials (NYSE:RYAM) last posted its earnings results on Monday, November 5th. The basic materials company reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.08). Rayonier Advanced Materials had a return on equity of 17.33% and a net margin of 21.00%. The firm had revenue of $544.00 million during the quarter, compared to the consensus estimate of $556.46 million. During the same period in the previous year, the company posted $0.18 EPS. The firm’s revenue for the quarter was up 159.0% compared to the same quarter last year. Analysts expect that Rayonier Advanced Materials will post 1.9 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 17th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Friday, December 14th. Rayonier Advanced Materials’s payout ratio is 28.87%.

In other news, Chairman Paul G. Boynton bought 10,000 shares of the stock in a transaction dated Monday, November 12th. The shares were acquired at an average price of $13.72 per share, with a total value of $137,200.00. Following the acquisition, the chairman now owns 273,020 shares in the company, valued at $3,745,834.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 3,000 shares of company stock worth $47,500. 2.23% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of RYAM. Principal Financial Group Inc. grew its holdings in shares of Rayonier Advanced Materials by 3.7% in the 1st quarter. Principal Financial Group Inc. now owns 431,517 shares of the basic materials company’s stock worth $9,265,000 after purchasing an additional 15,463 shares during the last quarter. Aperio Group LLC grew its holdings in shares of Rayonier Advanced Materials by 19.9% in the 2nd quarter. Aperio Group LLC now owns 26,321 shares of the basic materials company’s stock worth $450,000 after purchasing an additional 4,370 shares during the last quarter. New York State Teachers Retirement System grew its holdings in shares of Rayonier Advanced Materials by 9.3% in the 2nd quarter. New York State Teachers Retirement System now owns 114,659 shares of the basic materials company’s stock worth $1,960,000 after purchasing an additional 9,786 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Rayonier Advanced Materials by 91.0% in the 2nd quarter. First Trust Advisors LP now owns 95,126 shares of the basic materials company’s stock worth $1,626,000 after purchasing an additional 45,323 shares during the last quarter. Finally, Sigma Planning Corp bought a new stake in shares of Rayonier Advanced Materials in the 2nd quarter worth about $178,000. 96.62% of the stock is currently owned by institutional investors and hedge funds.

About Rayonier Advanced Materials

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.

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