Enova International (ENVA) Stock Rating Reaffirmed by Maxim Group

Enova International (NYSE:ENVA)‘s stock had its “buy” rating reiterated by equities research analysts at Maxim Group in a research report issued on Tuesday. They currently have a $27.00 price target on the credit services provider’s stock, up from their prior price target of $23.00. Maxim Group’s target price suggests a potential upside of 20.81% from the stock’s previous close.

The analysts wrote, “With positive stock price performance since reporting 4Q17 results on February 1, ENVA shares are approaching our previous price target of $23. We are raising our price target to $27, based on earnings momentum and increased confidence in our estimates. For more in depth views on the sector, please see our Industry report from this morning; fintech Lending’s Dirty Little Secrets: Not So Dirty.””

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Enova International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 31st. TheStreet upgraded shares of Enova International from a “d+” rating to a “c” rating in a research report on Monday, October 30th. JMP Securities boosted their price target on shares of Enova International from $19.00 to $24.00 and gave the stock a “market outperform” rating in a research report on Friday, February 2nd. Jefferies Group reiterated a “buy” rating and issued a $24.00 price target on shares of Enova International in a research report on Friday, February 2nd. Finally, Stephens reiterated a “buy” rating and issued a $22.00 price target on shares of Enova International in a research report on Thursday, January 4th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $23.20.

Shares of Enova International (NYSE ENVA) opened at $22.35 on Tuesday. Enova International has a one year low of $11.15 and a one year high of $23.25. The company has a current ratio of 9.31, a quick ratio of 8.14 and a debt-to-equity ratio of 2.80. The firm has a market cap of $747.94, a PE ratio of 34.92 and a beta of 3.33.

Enova International (NYSE:ENVA) last issued its quarterly earnings data on Thursday, February 1st. The credit services provider reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. Enova International had a net margin of 3.47% and a return on equity of 14.11%. The business had revenue of $243.69 million for the quarter, compared to analysts’ expectations of $230.97 million. During the same period in the previous year, the business earned $0.25 earnings per share. The company’s revenue was up 20.4% on a year-over-year basis. research analysts predict that Enova International will post 1.75 EPS for the current year.

In other Enova International news, Director James A. Gray sold 25,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $20.07, for a total value of $501,750.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.50% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of ENVA. Hartford Investment Management Co. acquired a new stake in Enova International during the 3rd quarter worth about $178,000. MetLife Investment Advisors LLC acquired a new stake in Enova International during the 4th quarter worth about $198,000. Crossmark Global Holdings Inc. acquired a new stake in Enova International during the 3rd quarter worth about $228,000. SG Americas Securities LLC acquired a new stake in Enova International during the 4th quarter worth about $236,000. Finally, Public Employees Retirement System of Ohio raised its holdings in Enova International by 69.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 23,598 shares of the credit services provider’s stock worth $317,000 after buying an additional 9,637 shares during the period. Hedge funds and other institutional investors own 97.56% of the company’s stock.

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Enova International Company Profile

Enova International, Inc is a technology and analytics company. The Company provides online financial services. As of December 31, 2016, the Company offered or arranged loans to consumers in 33 states in the United States and in the United Kingdom and Brazil. As of December 31, 2016, it also offered financing to small businesses in all 50 states and Washington DC in the United States.

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