Shares of Rayonier Advanced Materials Inc (NYSE:RYAM) have been given a consensus rating of “Hold” by the nine analysts that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $20.75.

RYAM has been the topic of several research analyst reports. TheStreet upgraded Rayonier Advanced Materials from a “c” rating to a “b” rating in a research note on Wednesday, December 13th. Vertical Research downgraded Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Zacks Investment Research upgraded Rayonier Advanced Materials from a “hold” rating to a “strong-buy” rating and set a $24.00 price target on the stock in a research note on Thursday, January 4th. Bank of America boosted their price target on Rayonier Advanced Materials from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Finally, ValuEngine upgraded Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research note on Thursday, February 22nd.

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Shares of Rayonier Advanced Materials (RYAM) traded up $0.37 during mid-day trading on Wednesday, reaching $20.43. The company had a trading volume of 1,558,787 shares, compared to its average volume of 1,038,029. Rayonier Advanced Materials has a 1 year low of $11.88 and a 1 year high of $21.44. The company has a current ratio of 2.10, a quick ratio of 1.12 and a debt-to-equity ratio of 1.78. The stock has a market cap of $1,036.74, a P/E ratio of 3.73, a price-to-earnings-growth ratio of 2.29 and a beta of 3.69.

Rayonier Advanced Materials (NYSE:RYAM) last announced its earnings results on Tuesday, February 20th. The basic materials company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.35. Rayonier Advanced Materials had a return on equity of 16.99% and a net margin of 33.92%. The firm had revenue of $349.00 million for the quarter, compared to the consensus estimate of $349.31 million. During the same period in the previous year, the business earned $0.18 EPS. The firm’s revenue for the quarter was up 51.1% on a year-over-year basis. sell-side analysts predict that Rayonier Advanced Materials will post 1.75 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be paid a dividend of $0.07 per share. The ex-dividend date is Thursday, March 15th. This represents a $0.28 annualized dividend and a yield of 1.37%. Rayonier Advanced Materials’s payout ratio is presently 5.12%.

Rayonier Advanced Materials announced that its board has authorized a stock buyback plan on Tuesday, February 20th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the basic materials company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

A number of institutional investors have recently bought and sold shares of the business. Oaktree Capital Management LP acquired a new position in shares of Rayonier Advanced Materials in the 4th quarter valued at about $31,850,000. Rubric Capital Management LP lifted its holdings in shares of Rayonier Advanced Materials by 170.9% in the 3rd quarter. Rubric Capital Management LP now owns 1,714,864 shares of the basic materials company’s stock valued at $23,494,000 after buying an additional 1,081,906 shares during the period. Restructuring Capital Associates LP acquired a new position in shares of Rayonier Advanced Materials in the 4th quarter valued at about $14,926,000. BlackRock Inc. lifted its holdings in shares of Rayonier Advanced Materials by 9.1% in the 4th quarter. BlackRock Inc. now owns 6,214,366 shares of the basic materials company’s stock valued at $127,083,000 after buying an additional 520,554 shares during the period. Finally, Sterling Capital Management LLC lifted its holdings in shares of Rayonier Advanced Materials by 35.8% in the 3rd quarter. Sterling Capital Management LLC now owns 1,956,940 shares of the basic materials company’s stock valued at $26,810,000 after buying an additional 515,529 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

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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.

Analyst Recommendations for Rayonier Advanced Materials (NYSE:RYAM)

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