Rayonier Advanced Materials (NYSE:RYAM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Rayonier Advanced Materials (NYSE:RYAM) from a sell rating to a hold rating in a research report sent to investors on Monday morning.

RYAM has been the topic of several other reports. Zacks Research lowered Rayonier Advanced Materials from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rayonier Advanced Materials in a research note on Tuesday, April 21st. Finally, Royal Bank Of Canada lowered their price objective on Rayonier Advanced Materials from $14.00 to $13.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $13.00.

Rayonier Advanced Materials Stock Performance

Shares of RYAM opened at $9.03 on Monday. The firm has a market cap of $608.65 million, a price-to-earnings ratio of -1.28 and a beta of 1.78. The company’s fifty day moving average is $8.28 and its 200-day moving average is $8.89. The company has a quick ratio of 0.79, a current ratio of 1.37 and a debt-to-equity ratio of 3.21. Rayonier Advanced Materials has a 12 month low of $3.35 and a 12 month high of $11.85.

Rayonier Advanced Materials (NYSE:RYAM) last released its quarterly earnings data on Tuesday, May 5th. The basic materials company reported ($1.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.62) by ($0.60). The business had revenue of $319.06 million during the quarter, compared to analyst estimates of $302.63 million. Rayonier Advanced Materials had a negative net margin of 32.86% and a negative return on equity of 43.24%. Equities analysts expect that Rayonier Advanced Materials will post -1.16 EPS for the current fiscal year.

Institutional Trading of Rayonier Advanced Materials

Several large investors have recently modified their holdings of the company. Irenic Capital Management LP acquired a new position in Rayonier Advanced Materials in the 1st quarter valued at $15,013,000. Quantinno Capital Management LP lifted its position in Rayonier Advanced Materials by 10.7% during the 1st quarter. Quantinno Capital Management LP now owns 89,211 shares of the basic materials company’s stock worth $988,000 after acquiring an additional 8,596 shares during the last quarter. SummitTX Capital L.P. acquired a new position in Rayonier Advanced Materials during the 1st quarter worth $2,341,000. Lazard Asset Management LLC bought a new stake in Rayonier Advanced Materials during the first quarter valued at about $2,150,000. Finally, Waverly Advisors LLC bought a new stake in Rayonier Advanced Materials during the first quarter valued at about $1,298,000. 68.64% of the stock is owned by institutional investors.

Rayonier Advanced Materials Company Profile

Rayonier Advanced Materials, Inc is a publicly traded specialty bioproducts company focused on the production of high-purity cellulose and engineered wood products. Headquartered in Jacksonville, Florida, the company operates a network of manufacturing facilities across North America, New Zealand and Europe. Its cellulose specialties business produces dissolving pulps and high-purity fibers that serve a range of end markets, including food and beverage, personal care, pharmaceuticals and textiles.