Shares of Rayonier Advanced Materials Inc (NYSE:RYAM) have been given a consensus recommendation of “Hold” by the six research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $22.33.

Several research firms have issued reports on RYAM. Zacks Investment Research upgraded shares of Saratoga Investment from a “sell” rating to a “hold” rating in a research note on Thursday. DA Davidson set a $40.00 target price on shares of Wolverine World Wide and gave the company a “buy” rating in a research note on Friday, May 10th. ValuEngine cut shares of Yext from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 10th. Finally, TheStreet upgraded shares of White Mountains Insurance Group from a “c” rating to a “b” rating in a research note on Monday, May 13th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. increased its position in shares of Rayonier Advanced Materials by 248.1% during the 1st quarter. Meeder Asset Management Inc. now owns 1,852 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 1,320 shares during the last quarter. Investors Research Corp purchased a new stake in shares of Rayonier Advanced Materials during the 1st quarter valued at about $26,000. Denali Advisors LLC purchased a new stake in shares of Rayonier Advanced Materials during the 2nd quarter valued at about $78,000. Mackay Shields LLC purchased a new stake in shares of Rayonier Advanced Materials during the 4th quarter valued at about $110,000. Finally, Everence Capital Management Inc. purchased a new stake in shares of Rayonier Advanced Materials during the 1st quarter valued at about $155,000. 98.48% of the stock is owned by hedge funds and other institutional investors.

RYAM traded down $0.06 during midday trading on Thursday, hitting $5.22. 76,308 shares of the company traded hands, compared to its average volume of 755,167. The company has a quick ratio of 1.03, a current ratio of 2.08 and a debt-to-equity ratio of 1.78. The firm has a market cap of $262.94 million, a price-to-earnings ratio of 3.08 and a beta of 3.66. The firm has a 50-day moving average of $6.52. Rayonier Advanced Materials has a 52 week low of $5.25 and a 52 week high of $22.07.

Rayonier Advanced Materials (NYSE:RYAM) last posted its earnings results on Wednesday, May 8th. The basic materials company reported ($0.52) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.66). The company had revenue of $483.00 million for the quarter, compared to the consensus estimate of $509.84 million. Rayonier Advanced Materials had a net margin of 3.96% and a return on equity of 8.96%. Rayonier Advanced Materials’s revenue was down 7.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.38 EPS. On average, analysts expect that Rayonier Advanced Materials will post -0.03 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 5.36%. The ex-dividend date was Thursday, June 13th. Rayonier Advanced Materials’s payout ratio is currently 16.57%.

About Rayonier Advanced Materials

Rayonier Advanced Materials Inc manufactures and sells cellulose specialty products in the United States, China, Japan, Europe, Latin America, other Asian countries, Canada, and internationally. The company operates through High Purity Cellulose, Forest Products, Pulp, and Paper segments. Its products include cellulose specialties, which are natural polymers that are used as raw materials to manufacture a range of consumer-oriented products, such as cigarette filters, liquid crystal displays, impact-resistant plastics, thickeners for food products, pharmaceuticals, cosmetics, high-tenacity rayon yarn for tires and industrial hoses, food casings, paints, and lacquers.

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