Rayonier Advanced Materials (RYAM) : 1 brokerage houses believe that Rayonier Advanced Materials (RYAM) is a Strong Buy at current levels. Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 3 Wall Street Analysts endorse the stock as a Hold with a rating of 3.33.
Rayonier Advanced Materials (RYAM) has been rated by 3 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $18 and the lowest price target forecast is $8. The average forecast of all the analysts is $12.83 and the expected standard deviation is $4.75.
Rayonier Advanced Materials (NYSE:RYAM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.74 and $12.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.43. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.13, notching a gain of 1.31% for the day. The total traded volume was 331,324 . The stock had closed at $12.96 on the previous day.
Also, In the latest statement by the brokerage house, RBC Capital downgrades its outlook on Rayonier Advanced Materials (NYSE:RYAM). The current rating of the shares is Underperform, according to the research report released by the firm. Previously, the company had a rating of Sector Perform. The rating by the firm was issued on April 25, 2016. The company shares have dropped -7.89% from its 1 Year high price. On Jul 30, 2015, the shares registered one year high at $15.00 and the one year low was seen on Sep 2, 2015. The 50-Day Moving Average price is $13.03 and the 200 Day Moving Average price is recorded at $10.14.
Rayonier Advanced Materials Inc. (Rayonier Advanced Materials) is primarily engaged in producing cellulose specialties. The Companys product lines include cellulose specialties and commodity products. 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. Commodity products include commodity viscose and absorbent materials. Commodity products include commodity viscose and absorbent materials.