Enviva Partners, LP (EVA) Receives Consensus Recommendation of “Buy” from Analysts

Enviva Partners, LP (NYSE:EVA) has been given a consensus rating of “Buy” by the seven research firms that are currently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $33.50.

A number of equities analysts have issued reports on EVA shares. Royal Bank Of Canada reiterated a “buy” rating on shares of Enviva Partners, in a research note on Tuesday, November 7th. Citigroup Inc. upgraded Enviva Partners, from a “neutral” rating to a “buy” rating and set a $34.00 price target for the company in a research note on Friday, September 22nd. Zacks Investment Research upgraded Enviva Partners, from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Friday, November 3rd. TheStreet downgraded Enviva Partners, from a “b-” rating to a “c” rating in a research note on Tuesday, November 14th. Finally, BidaskClub upgraded Enviva Partners, from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th.

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Shares of Enviva Partners, (NYSE:EVA) opened at $28.45 on Friday. Enviva Partners, has a 12-month low of $24.60 and a 12-month high of $31.95. The company has a market capitalization of $410.02, a PE ratio of 43.11 and a beta of 1.11. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.52 and a quick ratio of 1.03.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.615 per share. This is a boost from Enviva Partners,’s previous quarterly dividend of $0.57. The ex-dividend date is Tuesday, November 14th. This represents a $2.46 dividend on an annualized basis and a yield of 8.65%. Enviva Partners,’s payout ratio is presently 6,151.54%.

Hedge funds have recently modified their holdings of the business. Emerald Advisers Inc. PA bought a new stake in Enviva Partners, during the 3rd quarter valued at $203,000. Roosevelt Investment Group Inc. raised its holdings in Enviva Partners, by 4.1% during the 2nd quarter. Roosevelt Investment Group Inc. now owns 7,746 shares of the energy company’s stock valued at $213,000 after acquiring an additional 305 shares during the period. Kayne Anderson Capital Advisors LP bought a new position in shares of Enviva Partners, in the third quarter worth $251,000. UBS Group AG increased its holdings in shares of Enviva Partners, by 3.2% in the first quarter. UBS Group AG now owns 9,784 shares of the energy company’s stock worth $275,000 after purchasing an additional 302 shares during the period. Finally, Bard Associates Inc. bought a new position in shares of Enviva Partners, in the second quarter worth $321,000.

About Enviva Partners,

Enviva Partners, LP is a supplier of utility-grade wood pellets to power generators. The Company procures wood fiber and processes it into utility-grade wood pellets and loads the finished wood pellets into railcars, trucks and barges that are transported to deep-water marine terminals, where they are received, stored and loaded onto oceangoing vessels for transport to the Company’s principally Northern European customers.

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