Enova International (NYSE:ENVA) Price Target Raised to $62.00 at BMO Capital Markets

Enova International (NYSE:ENVA) had its price target boosted by BMO Capital Markets from $60.00 to $62.00 in a research note released on Thursday, Benzinga reports. BMO Capital Markets currently has a market perform rating on the credit services provider’s stock.

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

Enova International Stock Up 1.1 %

Shares of ENVA stock traded up $0.67 during trading hours on Thursday, reaching $63.12. 113,733 shares of the stock were exchanged, compared to its average volume of 260,983. The business’s fifty day moving average is $61.59 and its two-hundred day moving average is $53.70. The firm has a market capitalization of $1.74 billion, a P/E ratio of 11.23 and a beta of 1.55. Enova International has a 12-month low of $35.30 and a 12-month high of $65.00. The company has a debt-to-equity ratio of 2.64, a current ratio of 9.37 and a quick ratio of 10.27.

Enova International (NYSE:ENVA) last announced its quarterly earnings data on Tuesday, January 30th. The credit services provider reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.08. Enova International had a net margin of 7.69% and a return on equity of 15.77%. The company had revenue of $583.59 million for the quarter, compared to the consensus estimate of $587.34 million. As a group, research analysts expect that Enova International will post 7.39 EPS for the current fiscal year.

Insider Activity

In related news, CFO Steven E. Cunningham sold 17,548 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $56.11, for a total value of $984,618.28. Following the sale, the chief financial officer now owns 150,025 shares of the company’s stock, valued at approximately $8,417,902.75. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, General Counsel Sean Rahilly sold 6,043 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $60.00, for a total value of $362,580.00. Following the completion of the transaction, the general counsel now directly owns 101,949 shares in the company, valued at $6,116,940. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steven E. Cunningham sold 17,548 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $56.11, for a total value of $984,618.28. Following the completion of the sale, the chief financial officer now directly owns 150,025 shares in the company, valued at $8,417,902.75. The disclosure for this sale can be found here. In the last three months, insiders sold 30,938 shares of company stock worth $1,799,557. Company insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On Enova International

Institutional investors have recently bought and sold shares of the stock. Orchard Capital Management LLC boosted its holdings 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 acquiring an additional 53,647 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of Enova International in the 4th quarter worth about $957,000. GAMMA Investing LLC acquired a new position in shares of Enova International in the 4th quarter valued at about $37,000. Foundry Partners LLC grew its holdings in shares of Enova International by 7.3% during the 4th quarter. Foundry Partners LLC now owns 137,908 shares of the credit services provider’s stock worth $7,635,000 after purchasing an additional 9,357 shares during the period. Finally, Handelsbanken Fonder AB acquired a new stake in Enova International during the 4th quarter worth approximately $216,000. 89.43% of the stock is currently owned by hedge funds and other institutional investors.

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.