Rayonier Advanced Materials (RYAM) : The consensus on Rayonier Advanced Materials (RYAM) based on 3 analyst recommendation on the company stock is 3.33, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Rayonier Advanced Materials (RYAM).
Rayonier Advanced Materials (RYAM) : 3 Wall Street analysts covering Rayonier Advanced Materials (RYAM) believe that the average level the stock could reach for the short term is $13.17. The maximum price target given is $18 and the minimum target for short term is around $8, hence the standard deviation is calculated at $4.8.
Company shares have received an average consensus rating of Hold for the current week
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 $14.63 and $14.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.96. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.83, notching a gain of 9.78% for the day. The total traded volume was 891,236 . The stock had closed at $14.42 on the previous day.
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.