Enviva Partners (EVA) Lifted to “B” at TheStreet

TheStreet upgraded shares of Enviva Partners (NYSE:EVA) from a c rating to a b rating in a research note issued to investors on Tuesday morning.

Several other research analysts have also issued reports on the company. Zacks Investment Research lowered Enviva Partners from a buy rating to a hold rating in a research report on Friday, December 22nd. Royal Bank of Canada restated a buy rating on shares of Enviva Partners in a research report on Tuesday, November 7th. Finally, Citigroup upgraded Enviva Partners from a neutral rating to a buy rating and set a $34.00 target price for the company in a research report on Friday, September 22nd. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Enviva Partners has an average rating of Buy and an average price target of $32.67.

Enviva Partners (EVA) opened at $27.85 on Tuesday. Enviva Partners has a 12-month low of $24.60 and a 12-month high of $31.95. The stock has a market capitalization of $732.94 and a P/E ratio of 185.67. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.03 and a current ratio of 1.52.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its holdings in shares of Enviva Partners by 4.8% in the second quarter. Goldman Sachs Group Inc. now owns 1,203,547 shares of the energy company’s stock valued at $33,098,000 after purchasing an additional 55,476 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Enviva Partners by 1.1% in the third quarter. Ameriprise Financial Inc. now owns 229,549 shares of the energy company’s stock valued at $6,784,000 after purchasing an additional 2,500 shares during the period. Ardsley Advisory Partners purchased a new stake in shares of Enviva Partners in the second quarter valued at approximately $3,238,000. Tocqueville Asset Management L.P. boosted its holdings in shares of Enviva Partners by 26.6% in the third quarter. Tocqueville Asset Management L.P. now owns 102,300 shares of the energy company’s stock valued at $3,023,000 after purchasing an additional 21,500 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Enviva Partners by 6.3% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 41,957 shares of the energy company’s stock valued at $1,240,000 after purchasing an additional 2,500 shares during the period.

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Enviva Partners Company Profile

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.

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