Analysts Set Rayonier Advanced Materials Inc. (NYSE:RYAM) PT at $20.25

Rayonier Advanced Materials Inc. (NYSE:RYAM) has earned an average recommendation of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $19.67.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Thursday, July 20th. Royal Bank Of Canada boosted their price objective on shares of Rayonier Advanced Materials from $16.00 to $20.00 and gave the stock an “outperform” rating in a report on Tuesday, May 30th. BidaskClub lowered shares of Rayonier Advanced Materials from a “sell” rating to a “strong sell” rating in a report on Tuesday. ValuEngine upgraded shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a report on Monday. Finally, Bank of America Corporation upgraded shares of Rayonier Advanced Materials from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Friday, May 26th.

Shares of Rayonier Advanced Materials (NYSE RYAM) opened at 13.19 on Tuesday. Rayonier Advanced Materials has a one year low of $10.37 and a one year high of $17.60. The company has a market capitalization of $570.81 million, a price-to-earnings ratio of 15.85 and a beta of 4.28. The firm’s 50-day moving average price is $15.08 and its 200-day moving average price is $14.16.

Rayonier Advanced Materials (NYSE:RYAM) last released its earnings results on Wednesday, August 2nd. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by $0.15. Rayonier Advanced Materials had a net margin of 5.71% and a return on equity of 24.17%. The business had revenue of $201 million for the quarter, compared to analysts’ expectations of $214 million. During the same quarter in the previous year, the business posted $0.46 earnings per share. Rayonier Advanced Materials’s revenue for the quarter was down 6.1% on a year-over-year basis. Analysts anticipate that Rayonier Advanced Materials will post $0.81 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Thursday, September 14th. Rayonier Advanced Materials’s dividend payout ratio (DPR) is presently 35.00%.

A number of large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new stake in Rayonier Advanced Materials during the fourth quarter worth approximately $504,000. State Board of Administration of Florida Retirement System increased its stake in Rayonier Advanced Materials by 12.5% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 39,914 shares of the basic materials company’s stock worth $617,000 after buying an additional 4,445 shares during the period. State Street Corp increased its stake in shares of Rayonier Advanced Materials by 8.8% in the fourth quarter. State Street Corp now owns 928,250 shares of the basic materials company’s stock worth $14,350,000 after buying an additional 74,944 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Rayonier Advanced Materials by 47.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,135,739 shares of the basic materials company’s stock worth $17,559,000 after buying an additional 367,613 shares during the last quarter. Finally, Guggenheim Capital LLC increased its stake in shares of Rayonier Advanced Materials by 130.0% in the fourth quarter. Guggenheim Capital LLC now owns 116,857 shares of the basic materials company’s stock worth $1,807,000 after buying an additional 66,046 shares during the last quarter. 86.71% of the stock is owned by institutional investors and hedge funds.

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Rayonier Advanced Materials Company Profile

Rayonier Advanced Materials Inc is engaged in the production of cellulose specialties. The Company’s product lines include cellulose specialties and commodity products. Its products are used in manufacturing processes. The Company’s products are sold throughout the world to companies for use in various industrial applications, and to produce a range of products, including cigarette filters, foods, pharmaceuticals, textiles and electronics.

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