Rayonier Advanced Materials traded at $8.00 this Friday June 26th, increasing $0.07 or 0.88 percent since the previous trading session. Looking back, over the last four weeks, Rayonier Advanced Materials gained 12.09 percent. Over the last 12 months, its price rose by 109.97 percent. Looking ahead, we forecast Rayonier Advanced Materials to be priced at 8.86 by the end of this quarter and at 8.33 in one year, according to Trading Economics global macro models projections and analysts expectations.
Rayonier Advanced Materials Inc. is a cellulose-based technology company. The Company’s offering includes cellulose specialties, a natural polymer commonly used in the production of specialty chemicals and polymers for use in producing liquid-crystal display (LCD) displays, filters, fibers, performance additives for pharmaceutical, food and other industrial applications. It provides cellulose pulp products that make up the essential building blocks for its customers’ products while providing service and value. Its products are used in manufacturing processes. The Company produces cellulose specialties to use both hardwood and softwood fibers, kraft and sulfite cooking processes, and a variety of chemical treatments to provide customized product functionality. The Company also manufactures products for paperboard and high-yield pulp markets. It conducts its manufacturing operations across the United States, Canada and France.