In yesterday’s Wall Street session, Enviva Inc. (NYSE:EVA) shares traded at $44.29, down -8.26% from the previous session.
As of this writing, 7 analysts cover Enviva Inc. (NYSE:EVA). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $80.00 and a low of $61.00, we find $63.50. Given the previous closing price of $48.28, this indicates a potential upside of 31.52 percent. EVA stock price is now -19.44% away from the 50-day moving average and -32.41% away from the 200-day moving average. The market capitalization of the company currently stands at $2.94B.
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There are 4 analysts who have given it a hold rating, whereas 3 have given it a buy rating. Brokers who have rated the stock have averaged $68.33 as their price target over the next twelve months.
With the price target maintained at $80, Raymond James recently Upgraded its rating from Outperform to Strong Buy for Enviva Inc. (NYSE: EVA). On October 14, 2022, Citigroup Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock reducing its target price from $79 to quote $62, while ‘Raymond James’ rates the stock as ‘Outperform’.
In other news, Kravtsova Yana, EVP, Int. Mkt Dev. & Pub. Aff. sold 476 shares of the company’s stock on Dec 05. The stock was sold for $28,560 at an average price of $60.00. Upon completion of the transaction, the EVP, Int. Mkt Dev. & Pub. Aff. now directly owns 89,985 shares in the company, valued at $3.99 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 02, Director UBBEN JEFFREY W bought 200,000 shares of the business’s stock. A total of $11,000,000 was incurred on buying the stock at an average price of $55.00. This leaves the insider owning 5,742,439 shares of the company worth $254.33 million. Insiders disposed of 837,932 shares of company stock worth roughly $37.11 million over the past 1 year. A total of 3.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EVA stock. A new stake in Enviva Inc. shares was purchased by PRICE T ROWE ASSOCIATES INC /MD/ during the first quarter worth $13,610,000. COVALIS CAPITAL LLP invested $8,504,000 in shares of EVA during the first quarter. In the first quarter, NUVEEN ASSET MANAGEMENT, LLC acquired a new stake in Enviva Inc. valued at approximately $5,435,000. PANAGORA ASSET MANAGEMENT INC acquired a new stake in EVA for approximately $2,491,000. B. RILEY WEALTH ADVISORS, INC. purchased a new stake in EVA valued at around $1,263,000 in the second quarter. In total, there are 233 active investors with 83.70% ownership of the company’s stock.
Thursday morning saw Enviva Inc. (NYSE: EVA) opened at $47.89. During the past 12 months, Enviva Inc. has had a low of $45.24 and a high of $91.06. As of last week, the company has a debt-to-equity ratio of 3.58, a current ratio of 1.10, and a quick ratio of 0.70. The fifty day moving average price for EVA is $54.98 and a two-hundred day moving average price translates $65.53 for the stock.
The latest earnings results from Enviva Inc. (NYSE: EVA) was released for Jun, 2022. According to the Lumber & Wood Production Company, earnings per share came in at -$0.26, missing analysts’ expectations of $0.08 by -0.34. This compares to -$2.24 EPS in the same period last year. The net profit margin was -18.90% and return on equity was -48.10% for EVA. The company reported revenue of $325.66 million for the quarter, compared to $237.83 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 36.93 percent. For the current quarter, analysts expect EVA to generate $352.16M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/25/2022. Investors who held shares on 11/14/2022 were paid a $0.905 dividend. On an annualized basis, this represents a $3.62 dividend and a 8.17% percent yield. There was an ex-dividend date of 11/11/2022 for this dividend.
Enviva Inc.(EVA) Company Profile
Enviva Inc. produces and sells utility-grade wood pellets. The company’s products are used as a substitute for coal in power generation, and combined heat and power plants. It serves power generators in the United Kingdom, Europe, and Japan. The company was formerly known as Enviva Partners, LP. Enviva Inc. was incorporated in 2013 and is headquartered in Bethesda, Maryland.
