Enova International (NYSE:ENVA) Price Target Increased to $78.00 by Analysts at Maxim Group

Enova International (NYSE:ENVA) had its price target upped by Maxim Group from $70.00 to $78.00 in a research report sent to investors on Thursday morning, Benzinga reports. The firm currently has a buy rating on the credit services provider’s stock.

Other equities analysts have also recently issued reports about the company. TheStreet cut Enova International from a b rating to a c+ rating in a research note on Tuesday, January 30th. StockNews.com cut Enova International from a buy rating to a hold rating in a research note on Wednesday. JMP Securities raised their price objective on Enova International from $73.00 to $78.00 and gave the stock a market outperform rating in a research note on Wednesday. Jefferies Financial Group raised their price objective on Enova International from $70.00 to $75.00 and gave the stock a buy rating in a research note on Tuesday, April 9th. Finally, BMO Capital Markets raised their price objective on Enova International from $60.00 to $62.00 and gave the stock a market perform rating in a research note on Thursday. Three investment 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 a consensus rating of Moderate Buy and an average target price of $67.60.

Enova International Stock Performance

Enova International stock opened at $63.23 on Thursday. The stock has a market cap of $1.71 billion, a P/E ratio of 11.37 and a beta of 1.55. The company has a current ratio of 13.15, a quick ratio of 10.27 and a debt-to-equity ratio of 2.64. The stock has a 50 day moving average of $61.66 and a 200-day moving average of $53.82. Enova International has a 52 week low of $35.30 and a 52 week high of $65.00.

Enova International (NYSE:ENVA) last released its earnings results on Tuesday, January 30th. The credit services provider reported $1.62 EPS for the quarter, beating 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 company had revenue of $583.59 million during the quarter, compared to analysts’ expectations of $587.34 million. On average, analysts expect that Enova International will post 7.34 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Counterpoint Mutual Funds LLC acquired a new position in Enova International during the third quarter worth about $117,000. Jackson Creek Investment Advisors LLC acquired a new position in shares of Enova International in the 3rd quarter valued at $928,000. Headinvest LLC acquired a new position in shares of Enova International in the 3rd quarter valued at $28,000. Denali Advisors LLC boosted its position in shares of Enova International by 3.3% in the 3rd quarter. Denali Advisors LLC now owns 87,572 shares of the credit services provider’s stock valued at $4,455,000 after purchasing an additional 2,800 shares during the period. Finally, Foundry Partners LLC boosted its position in shares of Enova International by 7.6% in the 3rd quarter. Foundry Partners LLC now owns 128,551 shares of the credit services provider’s stock valued at $6,539,000 after purchasing an additional 9,125 shares during the period. 89.43% of the stock is owned by institutional investors and hedge funds.

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.