Enova International, Inc. (NYSE:ENVA) Receives Consensus Rating of “Moderate Buy” from Brokerages

Enova International, Inc. (NYSE:ENVA) has received an average rating of “Moderate Buy” from the eight research firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to 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 analysts have weighed in on the company. JMP Securities raised their price target on Enova International from $103.00 to $109.00 and gave the company a “market outperform” rating in a report on Wednesday, October 23rd. Stephens started coverage on shares of Enova International in a research report on Wednesday, November 13th. They set an “overweight” rating and a $108.00 target price for the company. Janney Montgomery Scott cut shares of Enova International from a “buy” rating to a “neutral” rating in a research note on Monday, August 26th. StockNews.com upgraded shares of Enova International from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. Finally, BTIG Research upped their target price on shares of Enova International from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd.

Enova International Price Performance

Shares of NYSE:ENVA opened at $106.38 on Wednesday. The company has a 50 day moving average of $90.39 and a 200 day moving average of $77.41. The company has a current ratio of 15.82, a quick ratio of 15.82 and a debt-to-equity ratio of 2.79. The stock has a market cap of $2.79 billion, a P/E ratio of 16.97 and a beta of 1.42. Enova International has a 12 month low of $40.01 and a 12 month high of $108.15.

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

Enova International announced that its board has authorized a stock repurchase program on Monday, August 12th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the credit services provider to repurchase up to 12.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other Enova International news, CAO James Joseph Lee sold 615 shares of the firm’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $89.59, for a total value of $55,097.85. Following the sale, the chief accounting officer now owns 20,646 shares of the company’s stock, valued at $1,849,675.14. This trade represents a 2.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven E. Cunningham sold 29,158 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $89.53, for a total transaction of $2,610,515.74. Following the transaction, the chief financial officer now directly owns 130,355 shares of the company’s stock, valued at approximately $11,670,683.15. This trade represents a 18.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 70,843 shares of company stock valued at $6,442,079 over the last three months. Insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its stake in 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 acquiring an additional 12,928 shares during the period. Quantbot Technologies LP boosted its stake in shares of Enova International by 10.2% during the 3rd quarter. Quantbot Technologies LP now owns 14,182 shares of the credit services provider’s stock valued at $1,188,000 after purchasing an additional 1,311 shares in the last quarter. Foundry Partners LLC increased its position in shares of Enova International by 1.1% during the third quarter. Foundry Partners LLC now owns 122,756 shares of the credit services provider’s stock valued at $10,286,000 after buying an additional 1,328 shares during the period. F M Investments LLC bought a new position in Enova International in the third quarter worth about $242,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Enova International by 1.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 20,250 shares of the credit services provider’s stock worth $1,694,000 after buying an additional 200 shares during the period. 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.