Analysts Set Enova International, Inc. (NYSE:ENVA) Target Price at $91.14

Enova International, Inc. (NYSE:ENVA) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $91.14.

A number of brokerages recently issued reports on ENVA. Stephens started coverage on Enova International in a report on Wednesday, November 13th. They set an “overweight” rating and a $108.00 price objective on the stock. StockNews.com upgraded shares of Enova International from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. JMP Securities boosted their price target on shares of Enova International from $103.00 to $109.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 23rd. BTIG Research upped their price target on shares of Enova International from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, TD Cowen boosted their target price on Enova International from $85.00 to $96.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd.

Insider Activity at Enova International

In other Enova International news, CFO Steven E. Cunningham sold 29,158 shares of Enova International stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $89.53, for a total transaction of $2,610,515.74. Following the sale, the chief financial officer now directly owns 130,355 shares of the company’s stock, valued at approximately $11,670,683.15. The trade was a 18.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David Fisher sold 13,314 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $101.74, for a total value of $1,354,566.36. Following the completion of the transaction, the chief executive officer now directly owns 399,925 shares of the company’s stock, valued at $40,688,369.50. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 70,843 shares of company stock worth $6,442,079 in the last 90 days. 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 made changes to their positions in ENVA. Foundry Partners LLC boosted its holdings in shares of Enova International by 1.1% during the 3rd quarter. Foundry Partners LLC now owns 122,756 shares of the credit services provider’s stock valued at $10,286,000 after acquiring an additional 1,328 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Enova International by 28.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 58,066 shares of the credit services provider’s stock valued at $4,865,000 after buying an additional 12,928 shares during the period. Summit Global Investments boosted its stake in shares of Enova International by 7.5% in the 2nd quarter. Summit Global Investments now owns 25,464 shares of the credit services provider’s stock worth $1,585,000 after buying an additional 1,785 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its position in Enova International by 1.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 20,250 shares of the credit services provider’s stock valued at $1,694,000 after acquiring an additional 200 shares during the last quarter. Finally, Quantbot Technologies LP boosted its position in Enova International by 10.2% in the third quarter. Quantbot Technologies LP now owns 14,182 shares of the credit services provider’s stock worth $1,188,000 after purchasing an additional 1,311 shares during the last quarter. Institutional investors own 89.43% of the company’s stock.

Enova International Price Performance

ENVA opened at $104.74 on Wednesday. Enova International has a fifty-two week low of $39.92 and a fifty-two week high of $106.51. The firm has a 50-day moving average of $89.39 and a 200 day moving average of $76.80. The company has a debt-to-equity ratio of 2.79, a quick ratio of 15.82 and a current ratio of 15.82. The firm has a market cap of $2.75 billion, a P/E ratio of 16.70 and a beta of 1.42.

Enova International (NYSE:ENVA) last released its earnings results on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.14. The firm had revenue of $689.92 million during the quarter, compared to the consensus estimate of $666.33 million. Enova International had a net margin of 7.19% and a return on equity of 18.41%. The company’s revenue was up 25.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.33 EPS. On average, research analysts expect that Enova International will post 8.04 EPS for the current year.

Enova International announced that its board has approved a share buyback plan on Monday, August 12th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the credit services provider to repurchase up to 12.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

About Enova International

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.