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

StockNews.com upgraded shares of Enova International (NYSE:ENVA) from a hold rating to a buy rating in a research report report published on Monday morning.

A number of other research analysts also recently weighed in on the stock. BTIG Research assumed coverage on shares of Enova International in a research report on Wednesday, August 14th. They set a “buy” rating and a $90.00 price objective on the stock. TD Cowen increased their price target on Enova International from $70.00 to $76.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Janney Montgomery Scott downgraded Enova International from a “buy” rating to a “neutral” rating in a research note on Monday, August 26th. Finally, JMP Securities upped their price objective on Enova International from $93.00 to $103.00 and gave the company a “market outperform” rating in a research report on Monday, October 14th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $88.33.

Enova International Stock Down 1.9 %

ENVA stock opened at $88.17 on Monday. The stock has a market capitalization of $2.49 billion, a P/E ratio of 15.86 and a beta of 1.43. The company has a debt-to-equity ratio of 2.78, a current ratio of 12.07 and a quick ratio of 12.07. Enova International has a 1-year low of $35.30 and a 1-year high of $96.01. The business has a fifty day moving average price of $82.98 and a 200-day moving average price of $71.38.

Enova International (NYSE:ENVA) last issued its earnings results on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.14. The business had revenue of $689.92 million during the quarter, compared to analyst estimates of $666.33 million. Enova International had a return on equity of 16.53% and a net margin of 7.52%. Enova International’s revenue was up 25.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.33 EPS. Equities analysts forecast that Enova International will post 7.74 earnings per share for the current fiscal year.

Enova International announced that its board has initiated a stock buyback plan on Monday, August 12th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the credit services provider to buy up to 12.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other news, CEO David Fisher sold 10,000 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $84.45, for a total value of $844,500.00. Following the completion of the sale, the chief executive officer now directly owns 413,239 shares of the company’s stock, valued at $34,898,033.55. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Linda Johnson Rice sold 2,700 shares of Enova International stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $88.29, for a total transaction of $238,383.00. Following the sale, the director now owns 7,486 shares of the company’s stock, valued at approximately $660,938.94. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David Fisher sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $84.45, for a total value of $844,500.00. Following the completion of the transaction, the chief executive officer now owns 413,239 shares of the company’s stock, valued at $34,898,033.55. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,725 shares of company stock worth $4,690,053. Company insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On Enova International

Several institutional investors and hedge funds have recently modified their holdings of ENVA. GAMMA Investing LLC lifted its stake in Enova International by 27.6% in the 2nd quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock worth $53,000 after purchasing an additional 185 shares in the last quarter. USA Financial Formulas bought a new stake in shares of Enova International in the 3rd quarter worth about $76,000. J.Safra Asset Management Corp lifted its holdings in shares of Enova International by 83.8% in the 1st quarter. J.Safra Asset Management Corp now owns 930 shares of the credit services provider’s stock valued at $58,000 after acquiring an additional 424 shares during the last quarter. SG Americas Securities LLC bought a new stake in Enova International during the first quarter worth approximately $223,000. Finally, Lazard Asset Management LLC lifted its stake in shares of Enova International by 21.1% in the 1st quarter. Lazard Asset Management LLC now owns 3,649 shares of the credit services provider’s stock valued at $228,000 after purchasing an additional 636 shares during the last quarter. Institutional investors own 89.43% of the company’s stock.

Enova International Company Profile

Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, and internationally. The company provides installment loans; line of credit accounts; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs, such as marketing services and loan servicing for near-prime unsecured consumer installment loan.