Rayonier Advanced Materials (RYAM) Stock Rating Lowered by ValuEngine

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Rayonier Advanced Materials (NYSE:RYAM) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

Rayonier Advanced Materials stock traded down $1.05 on Thursday, hitting $12.62. 941,300 shares of the stock traded hands, compared to its average volume of 491,375. The company has a current ratio of 1.94, a quick ratio of 1.26 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $764.89 million, a P/E ratio of 7.47, a P/E/G ratio of 0.72 and a beta of 3.59. Rayonier Advanced Materials has a 1 year low of $9.45 and a 1 year high of $22.96.

Rayonier Advanced Materials (NYSE:RYAM) last announced its quarterly earnings data on Wednesday, February 13th. The basic materials company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.16). The firm had revenue of $526.00 million for the quarter, compared to analysts’ expectations of $541.71 million. Rayonier Advanced Materials had a net margin of 6.05% and a return on equity of 15.08%. The business’s quarterly revenue was up 50.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.50 EPS. Analysts predict that Rayonier Advanced Materials will post 1.18 earnings per share for the current year.

Large investors have recently modified their holdings of the company. Mackay Shields LLC bought a new position in shares of Rayonier Advanced Materials during the fourth quarter valued at $110,000. Quantamental Technologies LLC bought a new position in shares of Rayonier Advanced Materials during the fourth quarter valued at $135,000. Sigma Planning Corp increased its holdings in shares of Rayonier Advanced Materials by 25.4% during the fourth quarter. Sigma Planning Corp now owns 14,392 shares of the basic materials company’s stock valued at $153,000 after acquiring an additional 2,913 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Rayonier Advanced Materials by 5.5% during the fourth quarter. LPL Financial LLC now owns 14,988 shares of the basic materials company’s stock valued at $160,000 after acquiring an additional 786 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its holdings in shares of Rayonier Advanced Materials by 354.1% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 16,243 shares of the basic materials company’s stock valued at $173,000 after acquiring an additional 12,666 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

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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