ValuEngine cut shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) from a buy rating to a hold rating in a report released on Thursday.
Other equities research analysts have also issued reports about the stock. Vertical Group upgraded shares of Rayonier Advanced Materials from a hold rating to a buy rating and raised their price objective for the stock from $18.00 to $19.00 in a report on Tuesday, July 25th. Sidoti assumed coverage on shares of Rayonier Advanced Materials in a report on Thursday, August 17th. They set a buy rating and a $19.00 price objective on the stock. BidaskClub lowered shares of Rayonier Advanced Materials from a hold rating to a sell rating in a report on Thursday, July 27th. Vertical Research upgraded shares of Rayonier Advanced Materials from a hold rating to a buy rating in a report on Monday, July 24th. Finally, Zacks Investment Research downgraded shares of Rayonier Advanced Materials from a buy rating to a hold rating in a research report on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $18.83.
Shares of Rayonier Advanced Materials (RYAM) traded down $0.10 during trading hours on Thursday, hitting $16.76. 303,400 shares of the company were exchanged, compared to its average volume of 739,783. Rayonier Advanced Materials has a fifty-two week low of $11.88 and a fifty-two week high of $17.60. The company has a current ratio of 1.46, a quick ratio of 1.20 and a debt-to-equity ratio of 2.19. The firm has a market capitalization of $725.32, a price-to-earnings ratio of 27.03, a price-to-earnings-growth ratio of 5.24 and a beta of 4.27.
Rayonier Advanced Materials (NYSE:RYAM) last issued its quarterly earnings data on Wednesday, November 1st. The basic materials company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. Rayonier Advanced Materials had a net margin of 4.98% and a return on equity of 18.12%. The business had revenue of $210.00 million for the quarter, compared to analyst estimates of $200.66 million. During the same period last year, the business posted $0.44 earnings per share. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. equities analysts predict that Rayonier Advanced Materials will post 0.64 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Thursday, December 14th. Rayonier Advanced Materials’s dividend payout ratio (DPR) is presently 43.75%.
In other Rayonier Advanced Materials news, Director Delyle W. Bloomquist acquired 5,600 shares of the company’s stock in a transaction on Monday, August 14th. The stock was acquired at an average price of $13.48 per share, for a total transaction of $75,488.00. Following the purchase, the director now directly owns 27,904 shares of the company’s stock, valued at $376,145.92. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.06% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Rayonier Advanced Materials by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 6,896,195 shares of the basic materials company’s stock worth $92,755,000 after purchasing an additional 409,971 shares in the last quarter. Renaissance Technologies LLC raised its stake in Rayonier Advanced Materials by 22.0% in the 2nd quarter. Renaissance Technologies LLC now owns 3,892,500 shares of the basic materials company’s stock worth $61,190,000 after purchasing an additional 701,200 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Rayonier Advanced Materials by 8.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,527,856 shares of the basic materials company’s stock worth $24,018,000 after purchasing an additional 116,572 shares in the last quarter. Sterling Capital Management LLC raised its stake in Rayonier Advanced Materials by 36.8% in the 2nd quarter. Sterling Capital Management LLC now owns 1,441,411 shares of the basic materials company’s stock worth $22,659,000 after purchasing an additional 387,674 shares in the last quarter. Finally, State Street Corp raised its stake in Rayonier Advanced Materials by 5.2% in the 2nd quarter. State Street Corp now owns 1,132,046 shares of the basic materials company’s stock worth $17,797,000 after purchasing an additional 56,453 shares in the last quarter. Institutional investors and hedge funds own 93.19% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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