Rayonier Advanced Materials' (RYAM) Sell (D-) Rating Reaffirmed at Weiss Ratings

Key Points

• Rayonier Advanced Materials has had its "sell (D-)" rating reaffirmed by Weiss Ratings, indicating a continued lack of confidence in the firm's performance.
• Despite Weiss's negative outlook, Zacks Research has upgraded the stock from "strong sell" to a "hold" rating, suggesting some analysts see potential for stability.
• The company reported a significant earnings miss, with an EPS of ($0.43), which was below the consensus estimate of ($0.20), indicating ongoing financial challenges.

Rayonier Advanced Materials (NYSE:RYAM - Get Free Report)'s stock had its "sell (d-)" rating reiterated by research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Zacks Research upgraded Rayonier Advanced Materials from a "strong sell" rating to a "hold" rating in a research report on Monday, September 8th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $6.00.

Rayonier Advanced Materials Price Performance

Rayonier Advanced Materials stock opened at $7.44 on Wednesday. Rayonier Advanced Materials has a 12 month low of $3.35 and a 12 month high of $10.28. The company has a current ratio of 1.45, a quick ratio of 0.83 and a debt-to-equity ratio of 2.10. The business's 50 day simple moving average is $5.85 and its 200 day simple moving average is $4.84. The company has a market cap of $498.48 million, a price-to-earnings ratio of -1.12 and a beta of 2.64.

Rayonier Advanced Materials (NYSE:RYAM - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The basic materials company reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.23). Rayonier Advanced Materials had a negative net margin of 29.23% and a negative return on equity of 12.11%. The firm had revenue of $340.00 million during the quarter, compared to analysts' expectations of $387.07 million. Sell-side analysts forecast that Rayonier Advanced Materials will post -0.08 EPS for the current year.

Insider Activity

In other Rayonier Advanced Materials news, CEO Delyle W. Bloomquist acquired 53,533 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were bought at an average price of $4.71 per share, for a total transaction of $252,140.43. Following the completion of the transaction, the chief executive officer owned 539,557 shares of the company's stock, valued at approximately $2,541,313.47. This represents a 11.01% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 4.41% of the company's stock.

Institutional Investors Weigh In On Rayonier Advanced Materials

Institutional investors and hedge funds have recently made changes to their positions in the business. New York State Teachers Retirement System purchased a new stake in shares of Rayonier Advanced Materials in the first quarter worth $34,000. Osaic Holdings Inc. raised its position in shares of Rayonier Advanced Materials by 754.4% in the second quarter. Osaic Holdings Inc. now owns 7,963 shares of the basic materials company's stock worth $31,000 after buying an additional 7,031 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Rayonier Advanced Materials in the second quarter worth $52,000. Royce & Associates LP bought a new position in Rayonier Advanced Materials in the first quarter valued at $103,000. Finally, Saxon Interests Inc. bought a new position in Rayonier Advanced Materials in the first quarter valued at $117,000. Hedge funds and other institutional investors own 68.64% of the company's stock.

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.

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