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RYAM

Rayonier Advanced Materials

$13.13

0.07 (0.54%)

09:04
10/10/16
10/10
09:04
10/10/16
09:04

Rayonier Advanced Materials says resumes operations at Florida facility

Rayonier Advanced Materials provided an update about operations following Hurricane Matthew, which affected the entire US Southeastern coast, passing near the company's Fernandina Beach, Fla. facility. The facility was in the process of completing its scheduled maintenance outage ahead of plan and was safely evacuated on October 6 in advance of the storm. Yesterday, company operations management confirmed the facility was not affected by the storm except some minor issues. The startup process began immediately, consistent with the original maintenance outage schedule. The company's Jesup, Ga. facility continued to operate safely throughout the storm. The company does not anticipate the storm to have an impact on its financial outlook and expects limited customer disruption. A full update on third quarter earnings and operations will be provided on the next earnings call on November 1.

RYAM Rayonier Advanced Materials
$13.13

0.07 (0.54%)

07/25/16
VERT
07/25/16
DOWNGRADE
Target $12
VERT
Sell
Rayonier Advanced Materials downgraded to Sell from Hold at Vertical Research
Vertical Research analysts led by Chip Dillion downgraded Rayonier Advanced Materials to Sell citing rich valuation and maintained its $12 price target.
08/03/16
08/03/16
NO CHANGE

Rayonier 'guidance seems conservative,' says DA Davidson
After Rayonier reported higher than expected EPS and the company raised its guidance, DA Davidson analyst Steven Chercover thinks that the company's 2016 EPS guidance is conservative, as the company is "trying to keep a lid on expectations." The analyst raised his 2016 EPS estimate for the company to $1.38 from $1.13 and keeps a Buy rating on the shares.
08/10/16
VERT
08/10/16
UPGRADE
VERT
Hold
Rayonier Advanced Materials upgraded to Hold from Sell at Vertical Research
09/13/16
RBCM
09/13/16
UPGRADE
RBCM
Sector Perform
Rayonier Advanced upgraded to Sector Perform from Underperform at RBC Capital
RBC Capital analyst Paul Quinn upgraded Rayonier based on valuation and his belief that the company's core business should be supported by cost-cutting, improving near-term viscose outlook, reduced debt, and its potential joint venture with Borregaard. Target remains $10.

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WAT

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WHR

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$DJT

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$DJU

DJ Utility Average

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DJX

Dow Jones Industrial Average

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IYT

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XLK

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XLE

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XLY

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SNE

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XLB

S&P Select Materials SPDR

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XLU

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