A statement released earlier today by Goldman Sachs about Enviva Partners (NYSE:EVA) bumps the target price to $28.00
- Updated: September 24, 2016
Yesterday Enviva Partners (NYSE:EVA) traded 0.38% higher at $26.50. The company’s 50-day moving average is $25.06 and its 200-day moving average is $22.85. The last stock close price is up 14.70% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 54,916 shares of the stock were exchanged, down from an average trading volume of 137,423
Goldman Sachs raised the target price of Enviva Partners (NYSE:EVA) to $28.00 indicating a possible upside of 0.06%.
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Enviva Partners has a 52 week low of $11.85 and a 52 week high of $27.19 with a P/E ratio of 19.74 The company’s market cap is currently $0.
In addition to Goldman Sachs reporting its target price, a total of 2 firms have reported on the stock. The consensus target price is $24.50 with 1 firm rating the stock a strong buy, 1 firm rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Enviva Partners (NYSE:EVA)
Enviva Partners, LP is a producer of wood pellets. The Company, through its interests in Enviva, LP and Enviva GP, LLC, supplies utility-grade wood pellets to power generators under long-term, take-or-pay off-take contracts. The Company procures wood fiber and processes it into utility-grade wood pellets. The Company loads the finished wood pellets into railcars, trucks and barges that are transported to deep-water marine terminals, where they are received, stored and ultimately loaded onto oceangoing vessels for transport to its Northern European customers. The Company owns and operates approximately six production plants in the Southeastern United States that have a combined wood pellet production capacity of approximately 2.3 million metric tons per year (MTPY). Wood pellets are exported from a deep-water marine terminal in Chesapeake, Virginia and from third-party deep-water marine terminals in Mobile, Alabama and Panama City, Florida under long-term contracts.
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