Wall Street Zen Upgrades Rayonier Advanced Materials (NYSE:RYAM) to “Hold”

Rayonier Advanced Materials (NYSE:RYAM) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Monday.

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

Rayonier Advanced Materials Trading Up 5.3%

NYSE RYAM opened at $8.61 on Monday. The firm has a market cap of $580.86 million, a P/E ratio of -1.22 and a beta of 1.78. The company has a debt-to-equity ratio of 3.21, a current ratio of 1.37 and a quick ratio of 0.79. The stock’s 50-day moving average is $8.29 and its 200-day moving average is $8.87. Rayonier Advanced Materials has a one year low of $3.35 and a one year 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 for the quarter, missing the consensus estimate of ($0.62) by ($0.60). Rayonier Advanced Materials had a negative net margin of 32.86% and a negative return on equity of 43.24%. The business had revenue of $319.06 million for the quarter, compared to the consensus estimate of $302.63 million. Sell-side analysts anticipate that Rayonier Advanced Materials will post -1.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Rayonier Advanced Materials

Hedge funds have recently modified their holdings of the stock. Tactive Advisors LLC raised its position in shares of Rayonier Advanced Materials by 18.0% in the fourth quarter. Tactive Advisors LLC now owns 13,325 shares of the basic materials company’s stock valued at $78,000 after purchasing an additional 2,032 shares during the period. Deutsche Bank AG boosted its holdings in shares of Rayonier Advanced Materials by 1.5% during the 4th quarter. Deutsche Bank AG now owns 151,944 shares of the basic materials company’s stock worth $895,000 after buying an additional 2,292 shares during the period. Barclays PLC grew its stake in Rayonier Advanced Materials by 4.5% in the 4th quarter. Barclays PLC now owns 100,484 shares of the basic materials company’s stock valued at $592,000 after buying an additional 4,348 shares during the last quarter. Intech Investment Management LLC grew its stake in Rayonier Advanced Materials by 19.1% in the 4th quarter. Intech Investment Management LLC now owns 27,725 shares of the basic materials company’s stock valued at $163,000 after buying an additional 4,438 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Rayonier Advanced Materials by 13.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 39,121 shares of the basic materials company’s stock valued at $231,000 after acquiring an additional 4,714 shares during the period. Institutional investors own 68.64% of the company’s stock.

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.