Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $12.50 on Rayonier Advanced Materials Inc. (NYSE:RYAM) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.12 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Rayonier Advanced Materials Inc. (NYSE:RYAM) stands at 8.49. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Rayonier Advanced Materials Inc, the PEG ratio for coming 3-5 years is -0.92. Technical Analysis The technical analysis highlights that Rayonier Advanced Materials Inc current price is trading $-0.08 points away -0.61% from $13.15, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $9.97 and, for now, the stock price is trading $3.10 or +31.09% away from that point. The 52-week high of Rayonier Advanced Materials Inc. (NYSE:RYAM) was $16.39 while lowest point recorded in 52-week was $5.75. It implies if stock price makes a movement of over $-3.32, it will record a new 52-week high. In the case of $+127.30% points drop, it will touch a new 52-week low.
1 Chart Pattern Every Investor Should Know