Rayonier Advanced Materials Inc (NYSE: RYAM) stock closed at $7.30 on 8/7/24 after a major increase of 30.1%. Moreover, exceptionally high trading volume at 331% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 13.5% during the last week.
Current PriceTarget Research Rating
RYAM is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Rayonier Advanced Materials has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Rayonier Advanced Materials has a good Appreciation Score of 76 and a very high Power Rating of 99, leading to the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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