Enova International (NYSE:ENVA) Raised to Strong-Buy at Zacks Research

Enova International (NYSE:ENVA) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Several other analysts have also issued reports on ENVA. BTIG Research upped their target price on Enova International from $199.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Jefferies Financial Group upped their price objective on Enova International from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Citizens Jmp increased their price objective on Enova International from $195.00 to $270.00 and gave the company a “market outperform” rating in a report on Friday, June 26th. Maxim Group raised their target price on shares of Enova International from $191.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Finally, TD Cowen boosted their target price on shares of Enova International from $250.00 to $257.00 and gave the stock a “buy” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $247.83.

Enova International Stock Up 4.1%

Enova International stock opened at $254.74 on Wednesday. The company has a current ratio of 18.42, a quick ratio of 18.42 and a debt-to-equity ratio of 3.35. Enova International has a 1-year low of $99.61 and a 1-year high of $256.26. The company has a fifty day simple moving average of $208.54 and a 200 day simple moving average of $172.07. The company has a market cap of $6.34 billion, a P/E ratio of 18.88 and a beta of 1.21.

Enova International (NYSE:ENVA) last issued its quarterly earnings results on Thursday, July 23rd. The credit services provider reported $4.31 EPS for the quarter, topping the consensus estimate of $3.99 by $0.32. The firm had revenue of $928.93 million for the quarter, compared to analysts’ expectations of $909.61 million. Enova International had a net margin of 10.31% and a return on equity of 26.66%. The company’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same period in the previous year, the firm posted $3.23 EPS. Research analysts anticipate that Enova International will post 16.3 earnings per share for the current fiscal year.

Insider Transactions at Enova International

In related news, Director William M. Goodyear sold 3,500 shares of Enova International stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $188.02, for a total transaction of $658,070.00. Following the completion of the sale, the director owned 50,820 shares of the company’s stock, valued at approximately $9,555,176.40. The trade was a 6.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman David Fisher sold 33,060 shares of Enova International stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $199.05, for a total transaction of $6,580,593.00. Following the sale, the chairman directly owned 306,444 shares of the company’s stock, valued at $60,997,678.20. The trade was a 9.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 99,030 shares of company stock worth $18,379,363. 8.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Enova International

A number of institutional investors have recently made changes to their positions in the company. FNY Investment Advisers LLC bought a new position in shares of Enova International during the fourth quarter worth approximately $31,000. McIlrath & Eck LLC acquired a new stake in Enova International during the 1st quarter worth approximately $34,000. Farther Finance Advisors LLC boosted its stake in Enova International by 26.9% in the 4th quarter. Farther Finance Advisors LLC now owns 302 shares of the credit services provider’s stock valued at $47,000 after purchasing an additional 64 shares during the period. Pacer Advisors Inc. boosted its stake in Enova International by 58.5% in the 1st quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock valued at $56,000 after purchasing an additional 152 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in Enova International by 350.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 450 shares of the credit services provider’s stock valued at $50,000 after buying an additional 350 shares in the last quarter. Institutional investors own 89.43% of the company’s stock.

Enova International Company Profile

Enova International, Inc (NYSE: ENVA) is a Chicago-based financial services company specializing in online lending solutions. Since its founding in 2004, Enova has leveraged proprietary data analytics and technology platforms to underwrite and deliver short-term consumer loans, lines of credit and installment loans. Through its flagship consumer brand NetCredit, Enova provides flexible credit options designed to serve a wide range of borrowers, including those with limited or non-traditional credit histories.

In addition to its U.S.