Rayonier Advanced Materials Inc. (RYAM) Downgraded to Hold at Zacks Investment Research

(RYAM) to grow. At recent closing price of $13.5, RYAM has a chance to add $6.25 or 46.3% in 52 weeks, based on mean target price ($19.75) placed by analysts.The analyst consensus opinion of 1.5 looks like a buy.

In other news, Director Delyle W. Bloomquist bought 5,600 shares of the stock in a transaction on Monday, August 14th. The volume of 0.83 Million shares climbed down over an trading activity of 706.72 Million shares. Renaissance Technologies LLC raised its stake in Rayonier Advanced Materials by 22.0% in the second quarter. The company has a market capitalization of $577.75 million, a price-to-earnings ratio of 15.89 and a beta of 4.28. On average, equities analysts predict that Rayonier Advanced Materials Inc. will post $0.81 earnings per share for the current fiscal year.

Rayonier Advanced Materials (NYSE:RYAM) last released its quarterly earnings data on Wednesday, August 2nd. PNC Financial Services Group Inc. now owns 6,946 shares of the basic materials company's stock worth $110,000 after buying an additional 399 shares during the period. The stock decreased 1.00% or $1.09 during the last trading session, reaching $107.38. The business's revenue for the quarter was down 6.1% compared to the same quarter past year. Sidoti began coverage on shares of Rayonier Advanced Materials in a research report on Thursday. Cornerstone Capital Management Holdings LLC. increased its stake in shares of Rayonier Advanced Materials by 75.0% in the first quarter. Institutional investors and hedge funds own 88.70% of the company's stock. Analysts set a 12-month price target of $12.75 a share.

The Complaint alleges that during the Class Period, Rayonier issued materially false and misleading statements, and/or failed to disclose adverse information, about its business and outlook.


The stock is trading at $14.07 barely below the 50 day moving average of $14.82 and just a bit higher than the 200 day moving average of $14.05.

Rayonier Advanced Materials Inc is engaged in the production of cellulose specialties. The firm had revenue of $201 million during the quarter, compared to the consensus estimate of $214 million. On July 24 the company was upgraded from "Buy" to "Buy" in a report from Vertical Research. Rubric Capital Management LP purchased a new stake in Rayonier Advanced Materials during the second quarter valued at about $9,950,000. State Street Corp increased its stake in shares of Rayonier Advanced Materials by 8.8% in the fourth quarter. During the same quarter in the prior year, the firm earned $0.46 EPS.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.07 per share. The ex-dividend date is Thursday, September 14th. New York State Teachers Retirement System owned approximately 0.23% of Rayonier Advanced Materials worth $1,341,000 as of its most recent filing with the SEC. The Company dividend yield observed at 2.08%. "(RYAM) to "Buy" was originally reported by Stock Observer and is the property of of Stock Observer.

Several brokerages have recently issued reports on RYAM. Finally, BidaskClub lowered Rayonier Advanced Materials from a "buy" rating to a "hold" rating in a research report on Saturday, July 8th. State of Alaska Department of Revenue increased its position in Rayonier Advanced Materials by 77.4% in the second quarter. Wall Street is only getting more bullish on the stock, with 4 of analysts who cover RYAM having a buy-equivalent rating. If you are reading this news story on another domain, it was illegally stolen and republished in violation of US & worldwide copyright legislation. Over the last three months, the shares of the company have changed 9.20% and performed 11.47% over the last six months. The broker found the stock of RYAM quite attractive and now has a target price per share of $19.0 with a key Buy rating. 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. The rating was upgraded by Bank of America on Friday, May 26 to "Buy". The Company focuses on producing various forms of cellulose specialties products, such as cellulose acetate and cellulose ethers.

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