Enviva (EVA) Gets a Buy Rating from Raymond James

In a report released yesterday, Pavel Molchanov from Raymond James maintained a Buy rating on Enviva (EVAResearch Report), with a price target of $77.00. The company’s shares closed last Tuesday at $74.70.

Molchanov has an average return of 35.8% when recommending Enviva.

According to TipRanks.com, Molchanov is ranked #416 out of 7761 analysts.

Currently, the analyst consensus on Enviva is a Moderate Buy with an average price target of $75.33.

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Enviva’s market cap is currently $4.5B and has a P/E ratio of -99.65.

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Enviva Partners LP engages in the production, process, and distribution of wood biomass to power generators. It offers wood pellets and wood chips which are used in coal-fired power generation and power plants. The company was founded on November 12, 2013 and is headquartered in Bethesda, MD.

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