Enova International (NYSE:ENVA) PT Raised to $62.00

Enova International (NYSE:ENVA) had its target price increased by stock analysts at BMO Capital Markets from $60.00 to $62.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “market perform” rating on the credit services provider’s stock. BMO Capital Markets’ target price suggests a potential downside of 1.95% from the company’s previous close.

Several other research firms also recently weighed in on ENVA. Jefferies Financial Group lifted their target price on Enova International from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. JMP Securities lifted their target price on Enova International from $73.00 to $78.00 and gave the stock a “market outperform” rating in a research report on Wednesday. TheStreet downgraded Enova International from a “b” rating to a “c+” rating in a report on Tuesday, January 30th. Finally, StockNews.com downgraded Enova International from a “buy” rating to a “hold” rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Enova International presently has an average rating of “Moderate Buy” and an average target price of $67.60.

Enova International Stock Up 1.2 %

NYSE ENVA opened at $63.23 on Thursday. Enova International has a 52 week low of $35.30 and a 52 week high of $65.00. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 11.37 and a beta of 1.55. The company has a fifty day moving average of $61.66 and a two-hundred day moving average of $53.79. The company has a quick ratio of 10.27, a current ratio of 13.15 and a debt-to-equity ratio of 2.64.

Enova International (NYSE:ENVA) last released its earnings results on Tuesday, January 30th. The credit services provider reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.08. Enova International had a return on equity of 15.77% and a net margin of 7.69%. The business had revenue of $583.59 million during the quarter, compared to the consensus estimate of $587.34 million. On average, analysts predict that Enova International will post 7.39 earnings per share for the current year.

Insider Buying and Selling at Enova International

In other Enova International news, Director Linda Johnson Rice sold 5,000 shares of Enova International stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $62.12, for a total value of $310,600.00. Following the transaction, the director now owns 9,182 shares in the company, valued at $570,385.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Steven E. Cunningham sold 17,548 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $56.11, for a total transaction of $984,618.28. Following the sale, the chief financial officer now owns 150,025 shares in the company, valued at $8,417,902.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Linda Johnson Rice sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $62.12, for a total value of $310,600.00. Following the sale, the director now owns 9,182 shares in the company, valued at approximately $570,385.84. The disclosure for this sale can be found here. Insiders have sold 30,938 shares of company stock worth $1,799,557 over the last quarter. Insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On Enova International

A number of large investors have recently modified their holdings of the business. Orchard Capital Management LLC boosted its position in Enova International by 30.0% in the fourth quarter. Orchard Capital Management LLC now owns 232,326 shares of the credit services provider’s stock valued at $12,862,000 after buying an additional 53,647 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in Enova International in the fourth quarter valued at approximately $957,000. GAMMA Investing LLC purchased a new stake in Enova International in the fourth quarter valued at approximately $37,000. Foundry Partners LLC boosted its position in Enova International by 7.3% in the fourth quarter. Foundry Partners LLC now owns 137,908 shares of the credit services provider’s stock valued at $7,635,000 after buying an additional 9,357 shares during the last quarter. Finally, Handelsbanken Fonder AB purchased a new stake in Enova International in the fourth quarter valued at approximately $216,000. 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.