Is Rayonier Adv. Materials (NYSE:RYAM) Really Worth Your Time and Dime After a Downgrade Today By RBC Capital Mkts

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Rayonier Adv. Materials (NYSE:RYAM) Receives a Downgrade

In an interesting research report revealed to investors and clients earlier today, RBC Capital Mkts downgraded shares of Rayonier Adv. Materials (NYSE:RYAM) to a “Underperform” rating from their previous “Sector Perform” rating. The firm currently has a $9.0 target price on shares. The target price from RBC Capital Mkts implies a possible downside of -24.05% from the last stock price of the stock.

From a total of 5 analysts covering Rayonier Advanced Materials Inc (NYSE:RYAM) stock, 2 rate it a ”Buy”, 1 a “Sell”, and 2 a ”Hold”. This means that 40% of the ratings are positive. The highest target price is $17.5 while the lowest target price is $10. The mean of all analyst targets is $12.5 with a -15.68% below today’s ($11.86) stock price. Rayonier Advanced Materials Inc was the topic of 3 analyst reports since August 21, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets downgraded shares on October 30 to “Sector Perform” rating.

The stock increased 0.17% or $0.02 on December 4, striking $11.86. Approximately 2 shares of stock traded hands. Rayonier Advanced Materials Inc (NYSE:RYAM) has declined 38.02% since May 1, 2015 and is downtrending. It has underperformed by 35.24% the S&P500.

Rayonier Advanced Materials Inc. is primarily engaged in producing cellulose specialties. The company has a market cap of $508.47 million. The Company’s product lines include cellulose specialties and commodity products. It has 26.15 P/E ratio. Cellulose specialties are polymers, used as raw materials to manufacture 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.

According to Zacks Investment Research, “Rayonier Advanced Materials Inc. operates as a global supplier of cellulose specialties products, a natural polymer for the chemical industry. Its products include cellulose specialties primarily used in dissolving chemical applications; commodity viscose used in the manufacture of textiles for clothing and other fabrics, and in non-woven applications; absorbent materials comprising fibers for absorbent hygiene products and other products. Rayonier’s products are used in a wide range of industrial and consumer products such as filters, cosmetics and pharmaceuticals. The Company’s production facilities are located primarily in Jesup, Georgia, and Fernandina Beach, Florida. Rayonier Advanced Materials Inc. is headquartered in Jacksonville, Florida.” Get a free copy of the Zacks research report on Rayonier Advanced Materials Inc (RYAM).

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