Rayonier Advanced Materials (RYAM) Sets New 1-Year Low at $13.26

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Shares of Rayonier Advanced Materials Inc (NYSE:RYAM) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $13.26 and last traded at $13.31, with a volume of 17471 shares. The stock had previously closed at $13.42.

Several analysts have recently issued reports on RYAM shares. Zacks Investment Research cut shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. ValuEngine upgraded shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research report on Monday, August 6th. Berenberg Bank began coverage on shares of Rayonier Advanced Materials in a research report on Thursday, July 12th. They set a “buy” rating and a $25.00 target price on the stock. Finally, Bank of America decreased their price objective on Rayonier Advanced Materials from $26.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday. Two research analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. Rayonier Advanced Materials has an average rating of “Hold” and a consensus target price of $21.25.

The firm has a market cap of $716.47 million, a price-to-earnings ratio of 13.84, a price-to-earnings-growth ratio of 0.33 and a beta of 3.46. The company has a quick ratio of 1.15, a current ratio of 2.17 and a debt-to-equity ratio of 1.64.

Rayonier Advanced Materials (NYSE:RYAM) last released its quarterly earnings results on Thursday, August 2nd. The basic materials company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.07. Rayonier Advanced Materials had a return on equity of 17.08% and a net margin of 23.97%. The company had revenue of $542.00 million for the quarter, compared to analyst estimates of $544.22 million. During the same quarter in the prior year, the firm posted $0.11 EPS. Rayonier Advanced Materials’s quarterly revenue was up 169.7% compared to the same quarter last year. On average, analysts forecast that Rayonier Advanced Materials Inc will post 2.17 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 17th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, December 14th. Rayonier Advanced Materials’s dividend payout ratio is currently 28.87%.

A number of institutional investors have recently bought and sold shares of RYAM. A.R.T. Advisors LLC purchased a new stake in shares of Rayonier Advanced Materials in the first quarter worth approximately $223,000. Sigma Planning Corp purchased a new stake in Rayonier Advanced Materials in the second quarter worth $178,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Rayonier Advanced Materials during the second quarter worth $188,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Rayonier Advanced Materials during the second quarter worth $200,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Rayonier Advanced Materials during the second quarter worth $203,000. 98.22% of the stock is currently owned by institutional investors.

Rayonier Advanced Materials Company Profile (NYSE:RYAM)

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, and Pulp & 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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