Enova International (NYSE:ENVA) Raised to Buy on StockNews.com

Enova International (NYSE: ENVA) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report on Friday.

A number of other equity research analysts also weighed in on the stock. Zacks Investment Research upgraded shares of Enova International from a “hold” rating to a “buy” rating and set a target price of $50.00 on the stock in a report released Tuesday. JMP Securities raised its price target on Enova International shares from $48.00 to $54.00 and gave the stock a “market outperforming” rating in a research note on Monday. Janney Montgomery Scott downgraded shares of Enova International from a ‘buy’ rating to a ‘neutral’ rating and raised her price target for the stock from $46.00 to $48.00 in a research note Friday. Finally, Maxim Group moved shares of Enova International from a “hold” rating to a “buy” rating and set a price target of $55.00 for the company in a report released on Monday. Two equity research analysts gave the stock a hold rating and four gave the stock a buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $50.20.

Shares of NYSE:ENVA traded down $1.76 during Friday trading, hitting $44.83. 335,215 shares were traded, against an average volume of 371,587. The company has a current ratio of 15.90, a quick ratio of 15.90 and a debt ratio of 0.95. The company has a market capitalization of $1.63 billion, a PE ratio of 6.60 and a beta of 1.52. The stock has a 50-day moving average price of $41.01 and a 200-day moving average price of $36.96. Enova International has a 12-month low of $27.00 and a 12-month high of $47.88.

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Enova International (NYSE:ENVA) last announced its quarterly results on Thursday, February 3. The credit service provider reported earnings per share (EPS) of $1.50 for the quarter, beating the consensus estimate of $1.03 by $0.47. Enova International had a net margin of 21.22% and a return on equity of 24.98%. The company posted revenue of $363.61 million in the quarter, versus a consensus estimate of $338.24 million. In the same period a year earlier, the company had earned earnings per share of $2.23. On average, sell-side analysts expect Enova International to post earnings per share of 5.19 for the current fiscal year.

In other news from Enova International, CEO David Fisher sold 7,771 shares of the company in a trade that took place on Thursday, February 3. The shares were sold at an average price of $38.61, for a total transaction of $300,038.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. Additionally, General Counsel Sean Rahilly sold 1,430 shares of the company in a transaction that took place on Monday, November 15. The shares were sold at an average price of $42.38, for a total transaction of $60,603.40. The disclosure of this sale can be found here. Insiders have sold 26,134 shares of the company valued at $1,078,957 over the past three months. 6.30% of the shares are held by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. First Horizon Advisors Inc. increased its position in Enova International shares by 1,525.6% in the third quarter. First Horizon Advisors Inc. now owns 699 shares of the credit services provider worth $35,000 after purchasing an additional 656 shares during the period. Summit Global Investments bought a new position in shares of Enova International during the third quarter at a value of $242,000. Metropolitan Life Insurance Co NY increased its position in Enova International shares by 106,500.0% during the second quarter. Metropolitan Life Insurance Co NY now owns 9,594 shares of the credit service provider worth $328,000 after acquiring 9,585 additional shares in the last quarter. Arizona State Retirement System increased its position in shares of Enova International by 3.0% during the third quarter. Arizona State Retirement System now owns 10,011 shares of the credit service provider worth $346,000 after acquiring 290 additional shares in the last quarter. Finally, SG Americas Securities LLC increased its position in Enova International shares by 218.0% during the third quarter. SG Americas Securities LLC now owns 13,946 shares of the credit services provider worth $482,000 after acquiring 9,561 additional shares in the last quarter. Institutional investors and hedge funds hold 86.36% of the company’s shares.

Enova International Company Profile

Enova International, Inc engages in the provision of online financial services. Its products and services include short-term consumer loans, line of credit accounts, installment loans, receivables purchase agreements, credit service organization program, banking program and platform. decision management as a service and analytics as a service.

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