Somewhat Positive Media Coverage Somewhat Unlikely to Impact Rayonier Advanced Materials (RYAM) Share Price
News stories about Rayonier Advanced Materials (NYSE:RYAM) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Rayonier Advanced Materials earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 46.6825262688062 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Sensient Technologies (SXT) and Rayonier Advanced Materials (RYAM) Critical Analysis (americanbankingnews.com)
- OM Group (OMG) versus Rayonier Advanced Materials (RYAM) Head-To-Head Survey (americanbankingnews.com)
- Rayonier Advanced Materials (RYAM) Lifted to Strong-Buy at Zacks Investment Research (americanbankingnews.com)
- Vertical Research Downgrades Rayonier Advanced Materials (RYAM) to Hold (americanbankingnews.com)
Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Rayonier Advanced Materials from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective on the stock in a report on Thursday, January 4th. Royal Bank of Canada reiterated a “buy” rating and issued a $18.00 price objective on shares of Rayonier Advanced Materials in a report on Monday, September 25th. TheStreet upgraded Rayonier Advanced Materials from a “c” rating to a “b” rating in a report on Wednesday, December 13th. Vertical Research downgraded Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Finally, ValuEngine downgraded Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $20.00.
Rayonier Advanced Materials (NYSE:RYAM) last issued its quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.18 earnings per share for the quarter, topping 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 company had revenue of $210.00 million for the quarter, compared to the consensus estimate of $200.66 million. During the same quarter in the prior year, the business earned $0.44 EPS. Rayonier Advanced Materials’s revenue was up 1.4% on a year-over-year basis. equities analysts expect that Rayonier Advanced Materials will post 0.61 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.28 annualized dividend and a yield of 1.44%. Rayonier Advanced Materials’s dividend payout ratio (DPR) is 51.85%.
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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.
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