Enviva Partners (NYSE:EVA) has been given a $39.00 price objective by Royal Bank of Canada in a report issued on Monday, TipRanks reports. The firm presently has a “buy” rating on the energy company’s stock. Royal Bank of Canada’s target price points to a potential upside of 28.50% from the company’s previous close.
A number of other research firms have also weighed in on EVA. Goldman Sachs Group raised shares of Enviva Partners from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $32.00 to $37.00 in a research note on Monday, June 24th. Zacks Investment Research raised shares of Enviva Partners from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $37.67.
NYSE:EVA traded up $0.20 during mid-day trading on Monday, reaching $30.35. The company’s stock had a trading volume of 1,100 shares, compared to its average volume of 58,928. Enviva Partners has a 1 year low of $25.40 and a 1 year high of $33.48. The business’s fifty day simple moving average is $30.54. The stock has a market capitalization of $981.11 million, a price-to-earnings ratio of 41.90 and a beta of 0.90. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.25 and a quick ratio of 1.09.
Enviva Partners Company Profile
Enviva Partners, LP produces and supplies utility-grade wood pellets. It serves utilities and large-scale power generators in the United Kingdom and other European markets. Enviva Partners GP, LLC operates as the general partner of the company. Enviva Partners, LP was founded in 2013 and is based in Bethesda, Maryland.
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