Raymond James analyst Pavel Molchanov maintained a Buy rating on Enviva (NYSE:EVA) on Thursday, setting a price target of $44, which is approximately 8.37% above the present share price of $40.6.
Molchanov expects Enviva to post earnings per share (EPS) of $0.25 for the fourth quarter of 2020.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in Enviva, with an average price target of $44.8.
The analysts price targets range from a high of $50 to a low of $41.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $167.71 million and a net profit of $18.64 million. The company's market cap is $1.6 billion.
According to TipRanks.com, Raymond James analyst Pavel Molchanov is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 6.2% and a 55.78% success rate.
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.