Somewhat Favorable News Coverage Somewhat Unlikely to Impact Rayonier Advanced Materials (RYAM) Share Price

News coverage about Rayonier Advanced Materials (NYSE:RYAM) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Rayonier Advanced Materials earned a news impact score of 0.22 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 46.0427187304239 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

RYAM has been the subject of several recent research reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $20.00 price target on shares of Rayonier Advanced Materials in a research report on Friday, November 3rd. Sidoti assumed coverage on Rayonier Advanced Materials in a research report on Thursday, August 17th. They set a “buy” rating and a $19.00 target price for the company. ValuEngine upgraded Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research report on Monday, August 7th. Vertical Group upgraded 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 report on Tuesday, July 25th. Finally, Vertical Research upgraded Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. Rayonier Advanced Materials presently has an average rating of “Buy” and a consensus target price of $18.83.

Shares of Rayonier Advanced Materials (NYSE:RYAM) traded down $0.10 during trading hours on Friday, hitting $16.73. The company’s stock had a trading volume of 336,454 shares, compared to its average volume of 622,741. Rayonier Advanced Materials has a fifty-two week low of $11.88 and a fifty-two week high of $17.60. The stock has a market capitalization of $719.72, a price-to-earnings ratio of 26.81, a PEG ratio of 5.19 and a beta of 4.26. The company has a quick ratio of 1.20, a current ratio of 1.46 and a debt-to-equity ratio of 2.19.

Rayonier Advanced Materials (NYSE:RYAM) last announced its earnings results on Wednesday, November 1st. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.01. Rayonier Advanced Materials had a return on equity of 18.12% and a net margin of 4.98%. The business had revenue of $210.00 million during the quarter, compared to analyst estimates of $200.66 million. During the same quarter in the previous year, the business earned $0.44 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. analysts expect that Rayonier Advanced Materials will post 0.64 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Thursday, December 14th. Rayonier Advanced Materials’s dividend payout ratio is presently 51.85%.

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About Rayonier Advanced Materials

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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