Shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) have received a consensus rating of “Buy” from the nine ratings firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $19.00.

A number of equities research analysts have weighed in on the stock. Vertical Group upgraded shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating and boosted their target price for the company from $18.00 to $19.00 in a research note on Tuesday, July 25th. ValuEngine upgraded shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. BidaskClub lowered shares of Rayonier Advanced Materials from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Vertical Research upgraded shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Sidoti assumed coverage on shares of Rayonier Advanced Materials in a research note on Thursday, August 17th. They set a “buy” rating and a $19.00 target price for the company.

Rayonier Advanced Materials (NYSE:RYAM) opened at 13.66 on Friday. The stock’s 50 day moving average price is $14.51 and its 200 day moving average price is $14.03. The company has a market capitalization of $591.15 million, a P/E ratio of 16.42 and a beta of 4.28. Rayonier Advanced Materials has a 52 week low of $10.37 and a 52 week high of $17.60.

Rayonier Advanced Materials (NYSE:RYAM) last announced its earnings results on Wednesday, August 2nd. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by $0.15. The company had revenue of $201 million for the quarter, compared to analysts’ expectations of $214 million. Rayonier Advanced Materials had a net margin of 5.71% and a return on equity of 24.17%. Rayonier Advanced Materials’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.46 earnings per share. Analysts anticipate that Rayonier Advanced Materials will post $0.77 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Thursday, September 14th. Rayonier Advanced Materials’s payout ratio is 35.00%.

In other Rayonier Advanced Materials news, Director Delyle W. Bloomquist acquired 5,600 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was purchased at an average price of $13.48 per share, with a total value of $75,488.00. Following the transaction, the director now directly owns 27,904 shares in the company, valued at approximately $376,145.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.06% of the company’s stock.

Several large investors have recently modified their holdings of the stock. State of Tennessee Treasury Department increased its stake in shares of Rayonier Advanced Materials by 20.6% in the first quarter. State of Tennessee Treasury Department now owns 40,743 shares of the basic materials company’s stock worth $548,000 after buying an additional 6,947 shares during the last quarter. Virginia Retirement Systems ET AL increased its stake in shares of Rayonier Advanced Materials by 30.0% in the first quarter. Virginia Retirement Systems ET AL now owns 77,100 shares of the basic materials company’s stock worth $1,037,000 after buying an additional 17,800 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Rayonier Advanced Materials by 22.8% in the first quarter. Parametric Portfolio Associates LLC now owns 268,862 shares of the basic materials company’s stock worth $3,616,000 after buying an additional 49,989 shares during the last quarter. Karp Capital Management Corp acquired a new stake in shares of Rayonier Advanced Materials during the first quarter worth about $204,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Rayonier Advanced Materials by 12,929.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,652 shares of the basic materials company’s stock worth $1,125,000 after buying an additional 83,010 shares during the last quarter. 88.70% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another publication, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/08/26/rayonier-advanced-materials-inc-ryam-receives-consensus-rating-of-buy-from-brokerages.html.

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.

Analyst Recommendations for Rayonier Advanced Materials (NYSE:RYAM)

Receive News & Stock Ratings for Rayonier Advanced Materials Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rayonier Advanced Materials Inc. and related stocks with our FREE daily email newsletter.