Rayonier Advanced Materials (RYAM) Receiving Somewhat Favorable Press Coverage, Analysis Finds

News headlines about Rayonier Advanced Materials (NYSE:RYAM) have trended somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Rayonier Advanced Materials earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the basic materials company an impact score of 47.5688785606783 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

RYAM has been the subject of a number of research reports. Zacks Investment Research downgraded Rayonier Advanced Materials from a “hold” rating to a “sell” rating in a report on Wednesday, February 21st. ValuEngine raised Rayonier Advanced Materials from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 1st. Bank of America lifted their target price on Rayonier Advanced Materials from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Finally, Vertical Research raised Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a report on Wednesday, May 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. Rayonier Advanced Materials presently has an average rating of “Buy” and a consensus price target of $21.00.

Rayonier Advanced Materials traded up $0.09, reaching $17.04, during trading hours on Friday, Marketbeat reports. The company had a trading volume of 8,667 shares, compared to its average volume of 728,356. Rayonier Advanced Materials has a 1-year low of $12.68 and a 1-year high of $22.96. The company has a market capitalization of $895.25 million, a PE ratio of 17.52, a PEG ratio of 0.45 and a beta of 3.43. The company has a current ratio of 2.06, a quick ratio of 1.01 and a debt-to-equity ratio of 1.70.

Rayonier Advanced Materials (NYSE:RYAM) last announced its quarterly earnings results on Monday, May 7th. The basic materials company reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.07). Rayonier Advanced Materials had a net margin of 26.52% and a return on equity of 15.39%. The company had revenue of $522.00 million during the quarter, compared to analyst estimates of $522.14 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The company’s revenue was up 4.0% compared to the same quarter last year. equities research analysts predict that Rayonier Advanced Materials will post 1.92 earnings per share for the current fiscal year.

Rayonier Advanced Materials declared that its Board of Directors has initiated a share buyback plan on Tuesday, February 20th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the basic materials company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Thursday, June 14th. Rayonier Advanced Materials’s payout ratio is presently 28.87%.

Rayonier Advanced Materials Company Profile

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.

Insider Buying and Selling by Quarter for Rayonier Advanced Materials (NYSE:RYAM)

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