Rayonier Advanced Materials Inc (NYSE:RYAM) was upgraded by equities research analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Monday. The brokerage presently has a $15.00 price target on the basic materials company’s stock. Royal Bank of Canada’s target price indicates a potential upside of 20.00% from the company’s current price.

Several other equities research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Rayonier Advanced Materials from a “hold” rating to a “strong sell” rating in a report on Saturday, February 4th. Bank of America Corp upgraded shares of Rayonier Advanced Materials from an “underperform” rating to a “neutral” rating and set a $17.00 target price for the company in a report on Friday, January 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $16.20.

Analyst Recommendations for Rayonier Advanced Materials (NYSE:RYAM)

Rayonier Advanced Materials (NYSE:RYAM) traded down 3.03% during mid-day trading on Monday, hitting $12.50. 523,325 shares of the stock were exchanged. The company has a 50-day moving average of $12.96 and a 200-day moving average of $13.87. The stock has a market capitalization of $540.75 million, a PE ratio of 8.04 and a beta of 4.43. Rayonier Advanced Materials has a 52 week low of $9.59 and a 52 week high of $17.38.

Rayonier Advanced Materials (NYSE:RYAM) last released its earnings results on Monday, January 30th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.02. The firm earned $231 million during the quarter, compared to analyst estimates of $206.68 million. Rayonier Advanced Materials had a net margin of 8.39% and a return on equity of 59.49%. The business’s revenue was down 4.5% on a year-over-year basis. During the same quarter last year, the business earned $0.32 EPS. On average, equities analysts predict that Rayonier Advanced Materials will post $0.84 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Friday, March 17th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, March 15th. This represents a $0.28 dividend on an annualized basis and a yield of 2.24%. Rayonier Advanced Materials’s payout ratio is 17.83%.

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A number of large investors have recently made changes to their positions in the stock. James Investment Research Inc. bought a new stake in shares of Rayonier Advanced Materials during the first quarter worth $1,899,000. Hartford Investment Management Co. raised its stake in shares of Rayonier Advanced Materials by 12.9% in the first quarter. Hartford Investment Management Co. now owns 14,870 shares of the basic materials company’s stock worth $200,000 after buying an additional 1,700 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Rayonier Advanced Materials by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 17,600 shares of the basic materials company’s stock worth $237,000 after buying an additional 200 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of Rayonier Advanced Materials by 2.5% in the fourth quarter. Teachers Advisors LLC now owns 74,877 shares of the basic materials company’s stock worth $1,158,000 after buying an additional 1,807 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Rayonier Advanced Materials during the fourth quarter worth $18,114,000. Institutional investors own 91.55% 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.

5 Day Chart for NYSE:RYAM

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