Enova International, Inc. (NYSE:ENVA) Given Average Rating of “Moderate Buy” by Analysts

Enova International, Inc. (NYSE:ENVA) has earned an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $91.14.

Several equities analysts recently commented on ENVA shares. TD Cowen increased their price objective on shares of Enova International from $85.00 to $96.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. BTIG Research raised their price objective on Enova International from $90.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. JMP Securities upped their target price on Enova International from $103.00 to $109.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 23rd. StockNews.com upgraded Enova International from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. Finally, Janney Montgomery Scott cut Enova International from a “buy” rating to a “neutral” rating in a report on Monday, August 26th.

Enova International Stock Performance

ENVA opened at $106.38 on Wednesday. The company has a debt-to-equity ratio of 2.79, a quick ratio of 15.82 and a current ratio of 15.82. Enova International has a 52-week low of $40.01 and a 52-week high of $108.15. The firm has a market cap of $2.79 billion, a P/E ratio of 16.97 and a beta of 1.42. The business’s fifty day moving average is $90.39 and its 200-day moving average is $77.41.

Enova International (NYSE:ENVA) last posted its quarterly earnings results on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.14. Enova International had a net margin of 7.19% and a return on equity of 18.41%. The business had revenue of $689.92 million for the quarter, compared to analyst estimates of $666.33 million. During the same quarter last year, the business posted $1.33 EPS. The firm’s revenue for the quarter was up 25.1% on a year-over-year basis. Sell-side analysts expect that Enova International will post 8.04 EPS for the current fiscal year.

Enova International declared that its Board of Directors has initiated a share repurchase program on Monday, August 12th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the credit services provider to purchase up to 12.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at Enova International

In other news, CEO David Fisher sold 13,314 shares of the company’s 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO James Joseph Lee sold 615 shares of the business’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $89.59, for a total value of $55,097.85. Following the completion of the transaction, the chief accounting officer now directly owns 20,646 shares in the company, valued at approximately $1,849,675.14. This represents a 2.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 70,843 shares of company stock valued at $6,442,079 over the last three months. Corporate insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Enova International

Several institutional investors have recently bought and sold shares of ENVA. BNP Paribas Financial Markets increased its stake in shares of Enova International by 28.6% in the third quarter. BNP Paribas Financial Markets now owns 58,066 shares of the credit services provider’s stock worth $4,865,000 after purchasing an additional 12,928 shares in the last quarter. SG Americas Securities LLC purchased a new position in Enova International in the 3rd quarter valued at approximately $772,000. Smith Shellnut Wilson LLC ADV bought a new stake in Enova International during the 2nd quarter valued at $235,000. F M Investments LLC purchased a new stake in shares of Enova International during the third quarter worth $242,000. Finally, Summit Global Investments lifted its position in shares of Enova International by 7.5% during the second quarter. Summit Global Investments now owns 25,464 shares of the credit services provider’s stock worth $1,585,000 after acquiring an additional 1,785 shares in the last quarter. Hedge funds and other 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.