Analysts Set Enova International Inc (ENVA) Price Target at $23.20

Shares of Enova International Inc (NYSE:ENVA) have received a consensus rating of “Buy” from the eight research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $24.25.

A number of research analysts have recently issued reports on ENVA shares. Zacks Investment Research raised Enova International from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective on the stock in a research note on Friday, January 12th. Stephens reissued a “buy” rating and issued a $22.00 price objective on shares of Enova International in a research note on Thursday, January 4th. Maxim Group reissued a “buy” rating and issued a $27.00 price objective (up from $23.00) on shares of Enova International in a research note on Tuesday, February 20th. ValuEngine raised Enova International from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 1st. Finally, JMP Securities boosted their price objective on Enova International from $19.00 to $24.00 and gave the company a “market outperform” rating in a research note on Friday, February 2nd.

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ENVA traded down $0.45 during midday trading on Friday, hitting $22.10. 156,661 shares of the company were exchanged, compared to its average volume of 264,718. The company has a market capitalization of $743.62, a PE ratio of 19.22 and a beta of 2.85. Enova International has a 1-year low of $11.15 and a 1-year high of $23.65. The company has a current ratio of 9.31, a quick ratio of 9.31 and a debt-to-equity ratio of 2.80.

Enova International (NYSE:ENVA) last announced its earnings results on Thursday, February 1st. The credit services provider reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.03. The firm had revenue of $243.69 million for the quarter, compared to the consensus estimate of $230.97 million. Enova International had a return on equity of 14.11% and a net margin of 3.47%. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 EPS. equities research analysts predict that Enova International will post 1.75 EPS for the current fiscal year.

In other news, Director James A. Gray sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $20.07, for a total value of $501,750.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Gregg A. Kaplan sold 19,222 shares of the business’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $23.01, for a total value of $442,298.22. The disclosure for this sale can be found here. Insiders sold a total of 49,222 shares of company stock worth $1,056,498 in the last 90 days. Company insiders own 1.60% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its position in shares of Enova International by 20.6% during the third quarter. Bank of New York Mellon Corp now owns 494,130 shares of the credit services provider’s stock worth $6,646,000 after acquiring an additional 84,514 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Enova International by 11.7% during the third quarter. Ameriprise Financial Inc. now owns 484,120 shares of the credit services provider’s stock worth $6,511,000 after acquiring an additional 50,818 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of Enova International by 11.7% during the fourth quarter. TIAA CREF Investment Management LLC now owns 421,933 shares of the credit services provider’s stock worth $6,413,000 after acquiring an additional 44,174 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Enova International by 222.1% in the fourth quarter. Arizona State Retirement System now owns 56,244 shares of the credit services provider’s stock worth $855,000 after purchasing an additional 38,780 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Enova International in the third quarter worth $228,000. Institutional investors and hedge funds own 94.86% of the company’s stock.

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About Enova International

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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