Rayonier Advanced Materials (RYAM) : Zacks Investment Research ranks Rayonier Advanced Materials (RYAM) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. The average broker rating of 3 research analysts is 3.33, which indicates as a Hold.
Rayonier Advanced Materials (RYAM) : The most positive equity analysts on Rayonier Advanced Materials (RYAM) expects the shares to touch $22, whereas, the least positive believes that the stock will trade at $8 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $14 with an expected fluctuation of $7.21 from the mean.
Company shares have received an average consensus rating of Hold for the current week Also, Brokerage firm Atlantic Equities upgrades its rating on Rayonier Advanced Materials (NYSE:RYAM). The shares have been rated Hold. Previously, the analysts had a Sell rating on the shares. The rating by the firm was issued on August 10, 2016.
Rayonier Advanced Materials (NYSE:RYAM): The stock opened at $11.15 and touched an intraday high of $11.63 on Wednesday. During the day, the stock corrected to an intraday low of $11.15, however, the bulls stepped in and pushed the price higher to close in the green at $11.52 with a gain of 2.58% for the day. The total traded volume for the day was 1,043,125. The stock had closed at $11.23 in the previous trading session.
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.