RBC Capital Sticks to Its Buy Rating for Rayonier Advanced Materials (RYAM)


RBC Capital analyst Paul Quinn maintained a Buy rating on Rayonier Advanced Materials (RYAM) yesterday and set a price target of $5.50. The company’s shares closed last Thursday at $4.37, close to its 52-week high of $4.87.

According to TipRanks.com, Quinn is a 5-star analyst with an average return of 14.2% and a 65.5% success rate. Quinn covers the Basic Materials sector, focusing on stocks such as International Paper Co, West Fraser Timber Co, and Mercer International.

Rayonier Advanced Materials has an analyst consensus of Moderate Buy, with a price target consensus of $5.50.

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Based on Rayonier Advanced Materials’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $397 million and GAAP net loss of $12.86 million. In comparison, last year the company earned revenue of $450 million and had a GAAP net loss of $14.92 million.

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Rayonier Advanced Materials, Inc. engages in the production and sale of cellulose specialties. Its products include high-purity cellulose, lumber, paper and pulp, and paperboard. The company operates through the following segments: High Purity Cellulose, Forest Products, Pulp and Paper. The High Purity Cellulose segment focuses on research and development capabilities and activities. The Forest Products segment manufacture and market construction-grade lumber in North America through seven sawmills located in Canada. The Pulp segment manufactures and markets high-yield pulp products. The Paper segment manufactures and markets paper products consisting of paperboard and newsprint. The company was founded in 1926 and is headquartered in Jacksonville, FL.

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