Rayonier Advanced Materials (NYSE:RYAM) Stock Price Up 8.7% – Time to Buy?

Rayonier Advanced Materials Inc. (NYSE:RYAMGet Free Report)’s share price was up 8.7% during mid-day trading on Tuesday . The stock traded as high as $9.12 and last traded at $9.2150. 632,614 shares were traded during trading, a decline of 37% from the average session volume of 1,011,695 shares. The stock had previously closed at $8.48.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Royal Bank Of Canada lowered their price target on Rayonier Advanced Materials from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Friday, July 17th. Zacks Research upgraded shares of Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Rayonier Advanced Materials in a research report on Friday, July 17th. Finally, Wall Street Zen upgraded shares of Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a research note on Monday, July 20th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Rayonier Advanced Materials currently has a consensus rating of “Hold” and a consensus target price of $13.00.

Check Out Our Latest Research Report on Rayonier Advanced Materials

Rayonier Advanced Materials Stock Performance

The company has a market cap of $623.30 million, a price-to-earnings ratio of -4.39 and a beta of 1.76. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.37 and a quick ratio of 0.85. The firm has a fifty day simple moving average of $8.52 and a 200 day simple moving average of $9.03.

Rayonier Advanced Materials (NYSE:RYAMGet Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The basic materials company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.08). The firm had revenue of $376.14 million for the quarter, compared to the consensus estimate of $362.00 million. Rayonier Advanced Materials had a negative return on equity of 46.19% and a negative net margin of 9.53%. On average, sell-side analysts expect that Rayonier Advanced Materials Inc. will post -1.28 earnings per share for the current fiscal year.

Institutional Trading of Rayonier Advanced Materials

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RYAM. BlackRock Inc. acquired a new stake in Rayonier Advanced Materials during the second quarter worth $37,437,000. Aip LLC acquired a new position in Rayonier Advanced Materials in the second quarter worth about $26,724,000. Nantahala Capital Management LLC bought a new position in Rayonier Advanced Materials during the second quarter worth about $13,344,126. Irenic Capital Management LP acquired a new stake in Rayonier Advanced Materials during the first quarter valued at approximately $15,013,000. Finally, Empowered Funds LLC bought a new stake in shares of Rayonier Advanced Materials in the 2nd quarter valued at approximately $3,138,000. Institutional investors and hedge funds own 68.64% of the company’s stock.

Rayonier Advanced Materials Company Profile

(Get Free Report)

Rayonier Advanced Materials Inc (NYSE:RYAM) is a specialty materials company that develops and manufactures cellulose-based products for industrial and consumer applications. Its portfolio includes high-purity cellulose, cellulose specialties, viscose pulp and other engineered biomaterials.

The company’s products are used in a range of applications, including pharmaceutical and food ingredients, cigarette filters, liquid-crystal displays, paints and coatings, textiles, tire and rubber products, personal care items and other specialty materials.

Further Reading

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.