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.
WARNING: This story was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another site, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.dispatchtribunal.com/2017/12/04/enviva-partners-lp-eva-receives-consensus-recommendation-of-buy-from-analysts.html.
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.
Receive News & Ratings for Enviva Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enviva Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.