Enviva Partners LP (NYSE:EVA) stock price target increased to $28.00, released a report earlier today by Goldman Sachs Group Inc.
- Updated: September 21, 2016
Yesterday Enviva Partners LP (NYSE:EVA) traded -0.41% lower at $26.50. Enviva Partners LP’s 50-day moving average is $24.88 and its 200-day moving average is $22.79. The last closing price is up 16.28% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same period. Volume of trade was down over the average, with 111,577 shares of EVA changing hands under the typical 138,147
Reporting as potential upside of 0.06%, Goldman Sachs Group Inc. raised the target price of Enviva Partners LP (NYSE:EVA) to $28.00
With a total market value of $0, Enviva Partners LP has price-earnings ratio of 19.95 with a one year low of $11.85 and a one year high of $27.19 .
A total of 2 analysts have released a research note on Enviva Partners LP. One analyst rating the company a strong buy, one analyst rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $24.50.
More About Enviva Partners LP (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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