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

Enova International (NYSE:ENVA) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

A number of other analysts also recently issued reports on the company. Maxim Group lifted their price target on Enova International from $70.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. BMO Capital Markets lifted their price target on Enova International from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Thursday, April 25th. Jefferies Financial Group raised their price objective on Enova International from $70.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. JMP Securities raised their price objective on Enova International from $73.00 to $78.00 and gave the company a “market outperform” rating in a report on Wednesday, April 24th. Finally, TheStreet cut Enova International from a “b” rating to a “c+” rating in a report on Tuesday, January 30th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Enova International presently has an average rating of “Moderate Buy” and an average price target of $67.60.

Enova International Stock Performance

NYSE:ENVA opened at $61.04 on Thursday. The stock has a market cap of $1.72 billion, a P/E ratio of 10.98 and a beta of 1.55. The company has a quick ratio of 13.15, a current ratio of 13.15 and a debt-to-equity ratio of 2.64. The business’s 50-day moving average price is $61.73 and its two-hundred day moving average price is $54.03. Enova International has a twelve month low of $35.30 and a twelve month high of $65.00.

Enova International (NYSE:ENVA) last issued its quarterly earnings results on Tuesday, January 30th. The credit services provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.08. The firm had revenue of $583.59 million during the quarter, compared to the consensus estimate of $587.34 million. Enova International had a return on equity of 15.77% and a net margin of 7.69%. As a group, equities analysts predict that Enova International will post 7.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other Enova International news, CFO Steven E. Cunningham sold 17,548 shares of Enova International stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $56.11, for a total value of $984,618.28. Following the transaction, the chief financial officer now directly owns 150,025 shares of the company’s stock, valued at approximately $8,417,902.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Enova International news, CFO Steven E. Cunningham sold 17,548 shares of Enova International stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $56.11, for a total value of $984,618.28. Following the transaction, the chief financial officer now directly owns 150,025 shares of the company’s stock, valued at approximately $8,417,902.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven E. Cunningham sold 30,590 shares of Enova International stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $63.00, for a total value of $1,927,170.00. Following the completion of the transaction, the chief financial officer now directly owns 141,713 shares in the company, valued at $8,927,919. The disclosure for this sale can be found here. Insiders have sold 61,528 shares of company stock valued at $3,726,727 in the last ninety days. Company insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On Enova International

Large investors have recently made changes to their positions in the business. Jackson Creek Investment Advisors LLC bought a new stake in shares of Enova International in the 3rd quarter worth approximately $928,000. Headinvest LLC bought a new stake in shares of Enova International in the 3rd quarter worth approximately $28,000. Foundry Partners LLC grew its position in shares of Enova International by 7.6% in the 3rd quarter. Foundry Partners LLC now owns 128,551 shares of the credit services provider’s stock worth $6,539,000 after buying an additional 9,125 shares during the last quarter. New York State Common Retirement Fund grew its position in shares of Enova International by 3.8% in the 3rd quarter. New York State Common Retirement Fund now owns 59,748 shares of the credit services provider’s stock worth $3,039,000 after buying an additional 2,203 shares during the last quarter. Finally, Quantbot Technologies LP grew its position in shares of Enova International by 75.1% in the 3rd quarter. Quantbot Technologies LP now owns 10,301 shares of the credit services provider’s stock worth $524,000 after buying an additional 4,417 shares during the last quarter. 89.43% of the stock is currently owned by institutional investors.

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.