RBC Capital analyst Matt McKellar reiterated a Buy rating on Rayonier Advanced Materials (RYAM – Research Report) today and set a price target of $6.00. The company’s shares closed yesterday at $4.07.
McKellar covers the Basic Materials sector, focusing on stocks such as West Fraser Timber Co, Clearwater Paper, and Rayonier Advanced Materials. According to TipRanks, McKellar has an average return of 2.3% and a 49.06% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Rayonier Advanced Materials with a $6.00 average price target.
The company has a one-year high of $5.45 and a one-year low of $2.66. Currently, Rayonier Advanced Materials has an average volume of 511.4K.
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Rayonier Advanced Materials (RYAM) Company Description:
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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