Time to Buy Rayonier Advanced Materials Inc After Today’s Option Traders Bet?

 Time to Buy Rayonier Advanced Materials Inc After Today's Option Traders Bet?

In today’s session Rayonier Advanced Materials Inc (RYAM) registered an unusually high (173) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the May, 2017 call, expecting serious RYAM increase. With 173 contracts traded and 544 open interest for the May, 17 contract, it seems this is a quite bullish bet. The option with symbol: RYAM170519C00015000 closed last at: $1.65 or 10% up. About 43,613 shares traded hands. Rayonier Advanced Materials Inc (NYSE:RYAM) has risen 24.71% since April 18, 2016 and is uptrending. It has outperformed by 20.28% the S&P500.

Rayonier Advanced Materials Inc (NYSE:RYAM) Ratings Coverage

Out of 3 analysts covering Rayonier Advanced Materials Inc (NYSE:RYAM), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Rayonier Advanced Materials Inc has been the topic of 8 analyst reports since August 21, 2015 according to StockzIntelligence Inc. Atlantic Securities upgraded the stock to “Hold” rating in Wednesday, August 10 report. RBC Capital Markets downgraded Rayonier Advanced Materials Inc (NYSE:RYAM) on Friday, October 30 to “Sector Perform” rating. The firm has “Underperform” rating given on Friday, December 4 by RBC Capital Markets. As per Friday, August 21, the company rating was downgraded by Citigroup. The company was downgraded on Monday, April 25 by RBC Capital Markets. On Tuesday, September 13 the stock rating was upgraded by RBC Capital Markets to “Sector Perform”. RBC Capital Markets upgraded Rayonier Advanced Materials Inc (NYSE:RYAM) rating on Friday, September 4. RBC Capital Markets has “Outperform” rating and $10.0 price target. The company was maintained on Wednesday, February 3 by RBC Capital Markets.

According to Zacks Investment Research, “Rayonier Advanced Materials Inc. operates as a global supplier of cellulose specialties products, a natural polymer for the chemical industry. Its products include cellulose specialties primarily used in dissolving chemical applications; commodity viscose used in the manufacture of textiles for clothing and other fabrics, and in non-woven applications; absorbent materials comprising fibers for absorbent hygiene products and other products. Rayonier’s products are used in a wide range of industrial and consumer products such as filters, cosmetics and pharmaceuticals. The Company’s production facilities are located primarily in Jesup, Georgia, and Fernandina Beach, Florida. Rayonier Advanced Materials Inc. is headquartered in Jacksonville, Florida.”

Rayonier Advanced Materials Inc. is engaged in producing cellulose specialties. The company has a market cap of $605.34 million. The Company’s product lines include cellulose specialties and commodity products. It has a 8.43 P/E ratio. These products are sold throughout the world to companies for use in various industrial applications and to produce a range of products, including cigarette filters, foods, pharmaceuticals, textiles and electronics.

RYAM Company Profile

Rayonier Advanced Materials Inc. incorporated on January 16, 2014, is engaged in producing cellulose specialties. The Company’s product lines include cellulose specialties and commodity products. These products are sold throughout the world to companies for use in various industrial applications and to produce a range of products, including cigarette filters, foods, pharmaceuticals, textiles and electronics. The Firm also produces commodity products, primarily commodity viscose and absorbent materials. The Firm produces various forms of cellulose specialties products, such as cellulose acetate and high-purity cellulose ethers, and is a supplier of these products. The Company’s production facilities in Jesup, Georgia and Fernandina Beach, Florida, have a combined annual cellulose specialties production capacity of approximately 485,000 metric tons of cellulose specialties and over 245,000 metric tons to commodity products. The Jesup plant produces cellulose specialties or commodity products using both hardwood and softwood in a pre-hydrolyzed kraft, or high potential of hydrogen (pH), cooking process. The Fernandina Beach plant produces cellulose specialties or commodity products using softwood in a sulfite, or low pH, cooking process.

More notable recent Rayonier Advanced Materials Inc (NYSE:RYAM) news were published by: Businesswire.com which released: “Rayonier Advanced Materials Announces Lignin Partnership Plans with Borregaard ASA” on June 01, 2015, also Businesswire.com with their article: “Rayonier Advanced Materials Announces New Contract with Eastman Chemical” published on December 01, 2015, Businesswire.com published: “Rayonier Advanced Materials Elects Charles E. Adair to its Board of Directors” on October 19, 2015. More interesting news about Rayonier Advanced Materials Inc (NYSE:RYAM) were released by: Streetinsider.com and their article: “S&P Lifts Outlook on Rayonier Advanced Materials (RYAM) to Positive; Ratings …” published on August 04, 2016 as well as Investorplace.com‘s news article titled: “Trade of the Day: Rayonier Advanced Materials Inc (NYSE:RYAM)” with publication date: March 29, 2016.

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