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

Tipranks - Tue Feb 17, 8:03PM CST

In a report released on February 15, Matt McKellar from RBC Capital maintained a Buy rating on Rayonier Advanced Materials, with a price target of $9.00.

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McKellar covers the Basic Materials sector, focusing on stocks such as Mercer International, James Hardie, and Sylvamo Corp. According to TipRanks, McKellar has an average return of 7.7% and a 55.56% success rate on recommended stocks.

Currently, the analyst consensus on Rayonier Advanced Materials is a Moderate Buy with an average price target of $9.00.

Based on Rayonier Advanced Materials’ latest earnings release for the quarter ending September 27, the company reported a quarterly revenue of $353 million and a GAAP net loss of $4 million. In comparison, last year the company earned a revenue of $401.1 million and had a GAAP net loss of $32.6 million

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