Raymond James analyst Pavel Molchanov reiterated a Buy rating on Enviva (NYSE:EVA) on Thursday, setting a price target of $57, which is approximately 8.12% above the present share price of $52.72.
Molchanov expects Enviva to post earnings per share (EPS) of $0.18 for the first quarter of 2021.
The current consensus among 1 TipRanks analysts is for a Moderate Buy rating of shares in Enviva, with an average price target of $57.
The analysts price targets range from a high of $57 to a low of $57.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $225.58 million and a net profit of $12.95 million. The company's market cap is $2.11 billion.
According to TipRanks.com, Raymond James analyst Pavel Molchanov is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 15.7% and a 60.66% 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.