Rayonier Advanced Materials (NYSE:RYAM) Upgraded to Buy at StockNews.com

Rayonier Advanced Materials (NYSE:RYAM - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Monday.

Separately, Royal Bank of Canada increased their price target on shares of Rayonier Advanced Materials from $10.00 to $12.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th.

Rayonier Advanced Materials Stock Down 2.5 %

RYAM traded down $0.19 during trading on Monday, hitting $7.29. The stock had a trading volume of 343,672 shares, compared to its average volume of 395,611. The stock has a 50 day simple moving average of $7.93 and a two-hundred day simple moving average of $7.92. The company has a market capitalization of $480.56 million, a PE ratio of -5.70 and a beta of 3.00. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.09 and a current ratio of 1.73. Rayonier Advanced Materials has a twelve month low of $3.15 and a twelve month high of $10.28.

Rayonier Advanced Materials (NYSE:RYAM - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.06. Rayonier Advanced Materials had a negative net margin of 5.21% and a negative return on equity of 1.61%. The business had revenue of $401.00 million during the quarter, compared to the consensus estimate of $412.20 million. During the same period in the previous year, the firm posted ($0.41) earnings per share. On average, research analysts predict that Rayonier Advanced Materials will post -0.08 earnings per share for the current year.

Insider Activity at Rayonier Advanced Materials

In other Rayonier Advanced Materials news, Director Eric Bowen bought 12,500 shares of the stock in a transaction on Friday, December 13th. The shares were bought at an average price of $8.04 per share, with a total value of $100,500.00. Following the purchase, the director now directly owns 12,500 shares in the company, valued at $100,500. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.26% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Rayonier Advanced Materials

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio boosted its holdings in shares of Rayonier Advanced Materials by 1.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 63,054 shares of the basic materials company's stock worth $540,000 after purchasing an additional 1,139 shares during the last quarter. Savant Capital LLC increased its stake in shares of Rayonier Advanced Materials by 7.9% in the 4th quarter. Savant Capital LLC now owns 31,821 shares of the basic materials company's stock worth $263,000 after acquiring an additional 2,322 shares during the last quarter. nVerses Capital LLC boosted its position in shares of Rayonier Advanced Materials by 121.9% during the 3rd quarter. nVerses Capital LLC now owns 7,100 shares of the basic materials company's stock valued at $61,000 after acquiring an additional 3,900 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Rayonier Advanced Materials by 3.5% in the fourth quarter. Rhumbline Advisers now owns 131,544 shares of the basic materials company's stock valued at $1,085,000 after purchasing an additional 4,445 shares during the period. Finally, Quarry LP acquired a new stake in Rayonier Advanced Materials during the second quarter worth about $29,000. 68.64% of the stock is currently owned by institutional investors and hedge funds.

Rayonier Advanced Materials Company Profile

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