Enova International (NYSE:ENVA) Reaches New 12-Month High – Should You Buy?

Enova International, Inc. (NYSE:ENVA)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $170.45 and last traded at $170.3780, with a volume of 205070 shares. The stock had previously closed at $165.17.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Citizens Jmp raised their target price on shares of Enova International from $180.00 to $182.00 and gave the company a “market outperform” rating in a report on Wednesday, January 28th. JMP Securities lifted their price objective on shares of Enova International from $135.00 to $149.00 and gave the stock a “market outperform” rating in a research note on Friday, October 24th. Weiss Ratings restated a “buy (b-)” rating on shares of Enova International in a research report on Thursday, January 22nd. Maxim Group set a $191.00 price target on shares of Enova International in a report on Thursday. Finally, Wall Street Zen lowered Enova International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $172.83.

Enova International Stock Performance

The company has a quick ratio of 19.29, a current ratio of 9.48 and a debt-to-equity ratio of 3.37. The business has a 50 day moving average price of $153.53 and a 200 day moving average price of $128.92. The stock has a market cap of $4.85 billion, a P/E ratio of 14.91 and a beta of 1.27.

Enova International (NYSE:ENVA) last released its earnings results on Tuesday, January 27th. The credit services provider reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.17 by $0.29. Enova International had a return on equity of 25.31% and a net margin of 9.78%.The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $838.59 million. During the same period last year, the company earned $2.61 earnings per share. The business’s revenue for the quarter was up 15.0% compared to the same quarter last year. As a group, sell-side analysts expect that Enova International, Inc. will post 10.31 EPS for the current year.

Enova International declared that its Board of Directors has initiated a stock repurchase program on Wednesday, November 12th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the credit services provider to buy up to 12.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Enova International

In other news, Chairman David Fisher sold 9,573 shares of the stock in a transaction on Monday, January 26th. The stock was sold at an average price of $157.81, for a total transaction of $1,510,715.13. Following the transaction, the chairman owned 348,223 shares of the company’s stock, valued at approximately $54,953,071.63. This represents a 2.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders sold 30,573 shares of company stock valued at $4,659,815. 8.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Enova International

Large investors have recently modified their holdings of the business. J.Safra Asset Management Corp lifted its position in shares of Enova International by 40.8% in the 2nd quarter. J.Safra Asset Management Corp now owns 5,327 shares of the credit services provider’s stock worth $591,000 after purchasing an additional 1,543 shares during the period. Arkadios Wealth Advisors bought a new position in Enova International in the second quarter worth approximately $2,169,000. Campbell & CO Investment Adviser LLC purchased a new stake in Enova International during the second quarter worth $210,000. CSM Advisors LLC bought a new stake in Enova International during the 2nd quarter valued at $5,974,000. Finally, Police & Firemen s Retirement System of New Jersey boosted its position in Enova International by 6.1% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 5,754 shares of the credit services provider’s stock valued at $642,000 after acquiring an additional 331 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.