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Citigroup upgraded Enviva Partners (US:EVA) from Neutral to Buy in a report released today.

Yesterday Enviva Partners (US:EVA) traded 0.87% higher at $28.75. The company’s 50-day moving average is $28.88 and its 200-day moving average is $28.88. The last stock close price is down 0.42% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 8,871 shares of EVA traded hands, down from an average trading volume of 32,543

Citigroup has upgraded Enviva Partners (US:EVA) from Neutral to Buy in a report released on 9/22/2017.

Recent Performance Chart

Enviva Partners (US:EVA)

Enviva Partners has 52 week low of $24.45 and a 52 week high of $29.85 with a PE ratio of 52.16 and has a market capitalization of $0.

In addition to Citigroup reporting its stock price target, a total of 2 brokerages have issued a research note on the company. The average stock price target is $24.50 with 1 brokerage rating the stock a strong buy, 1 brokerage rating the stock a buy, 0 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Enviva Partners (US:EVA)

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. The Company's principal product, utility-grade wood pellets, is a traded energy commodity that is used as a substitute for coal in both dedicated and co-fired power generation and combined heat and power plants. It enables power generators to generate electricity. The Company's customers use its wood pellets as a substitute fuel for coal in dedicated biomass or co-fired coal power plants. Wood pellets are exported from the Company's deep-water marine terminal in Chesapeake, Virginia, from a deep-water marine terminal in Wilmington, North Carolina.

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