TheStreet upgraded shares of Rayonier Advanced Materials (NYSE:RYAM) from a c rating to a b rating in a research report released on Wednesday.

RYAM has been the subject of several other research reports. ValuEngine cut shares of Rayonier Advanced Materials from a buy rating to a hold rating in a research report on Thursday, November 9th. Zacks Investment Research upgraded shares of Rayonier Advanced Materials from a strong sell rating to a hold rating in a research report on Wednesday, November 8th. Royal Bank of Canada restated a buy rating and issued a $18.00 price objective on shares of Rayonier Advanced Materials in a research report on Friday, October 27th. Finally, Sidoti assumed coverage on shares of Rayonier Advanced Materials in a research report on Thursday, August 17th. They issued a buy rating and a $19.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $18.83.

Rayonier Advanced Materials (RYAM) opened at $19.04 on Wednesday. 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 has a 1 year low of $11.88 and a 1 year high of $19.95. The firm has a market cap of $803.22, a P/E ratio of 29.93, a P/E/G ratio of 5.80 and a beta of 4.41.

Rayonier Advanced Materials (NYSE:RYAM) last posted its quarterly earnings data on Wednesday, November 1st. The basic materials company reported $0.18 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $210.00 million during the quarter, compared to analysts’ expectations of $200.66 million. During the same quarter in the previous year, the company posted $0.44 EPS. Rayonier Advanced Materials’s revenue was up 1.4% on a year-over-year basis. analysts expect that Rayonier Advanced Materials will post 0.64 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Thursday, December 14th. Rayonier Advanced Materials’s payout ratio is 43.75%.

Several institutional investors have recently modified their holdings of RYAM. PNC Financial Services Group Inc. raised its position in shares of Rayonier Advanced Materials by 6.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,946 shares of the basic materials company’s stock valued at $110,000 after acquiring an additional 399 shares during the last quarter. Quantbot Technologies LP raised its position in shares of Rayonier Advanced Materials by 1,613.9% during the 3rd quarter. Quantbot Technologies LP now owns 10,129 shares of the basic materials company’s stock valued at $138,000 after acquiring an additional 9,538 shares during the last quarter. Smith Asset Management Group LP bought a new stake in shares of Rayonier Advanced Materials during the 3rd quarter valued at $146,000. Crossmark Global Holdings Inc. bought a new stake in shares of Rayonier Advanced Materials during the 3rd quarter valued at $176,000. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Rayonier Advanced Materials during the 3rd quarter valued at $186,000. Institutional investors own 95.18% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Rayonier Advanced Materials (RYAM) Raised to B at TheStreet” was reported by Watch List News and is the sole property of of Watch List News. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The correct version of this story can be read at https://www.watchlistnews.com/rayonier-advanced-materials-ryam-raised-to-b-at-thestreet/1768759.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 & Ratings for Rayonier Advanced Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rayonier Advanced Materials and related companies with MarketBeat.com's FREE daily email newsletter.