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Rayonier Advanced Materials (RYAM) Receives a Buy from RBC Capital

Tipranks - Tipranks - Fri May 8, 6:52AM CDT

RBC Capital analyst Matt McKellar reiterated a Buy rating on Rayonier Advanced Materials today and set a price target of $14.00.

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According to TipRanks, McKellar is a 2-star analyst with an average return of 0.4% and a 34.63% success rate. McKellar covers the Basic Materials sector, focusing on stocks such as Clearwater Paper, Rayonier Advanced Materials, and Mercer International.

Rayonier Advanced Materials has an analyst consensus of Moderate Buy, with a price target consensus of $14.00.

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Based on Rayonier Advanced Materials’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $417 million and a GAAP net loss of $20.83 million. In comparison, last year the company earned a revenue of $422.5 million and had a GAAP net loss of $16.22 million

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