Enova International, Inc. (NYSE:ENVA) Receives $111.00 Consensus Price Target from Brokerages

Enova International, Inc. (NYSE:ENVA) has received an average recommendation of “Buy” from the eight research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $116.80.

Several equities analysts recently weighed in on ENVA shares. JMP Securities boosted their price objective on Enova International from $135.00 to $149.00 and gave the stock a “market outperform” rating in a research report on Friday. Zacks Research cut Enova International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 25th. BTIG Research upped their price target on Enova International from $129.00 to $144.00 and gave the company a “buy” rating in a report on Friday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enova International in a report on Wednesday, October 8th.

Insider Buying and Selling at Enova International

In other Enova International news, CFO Steven E. Cunningham sold 26,310 shares of the company’s stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $105.72, for a total value of $2,781,493.20. Following the completion of the transaction, the chief financial officer owned 131,157 shares of the company’s stock, valued at $13,865,918.04. This represents a 16.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO James Joseph Lee sold 478 shares of the company’s stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $105.61, for a total value of $50,481.58. Following the completion of the transaction, the chief accounting officer directly owned 19,751 shares of the company’s stock, valued at approximately $2,085,903.11. This trade represents a 2.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 92,788 shares of company stock valued at $11,009,765 in the last quarter. Corporate insiders own 8.40% of the company’s stock.

Hedge Funds Weigh In On Enova International

Several large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its holdings in Enova International by 0.4% in the 2nd quarter. California State Teachers Retirement System now owns 24,268 shares of the credit services provider’s stock valued at $2,706,000 after acquiring an additional 105 shares in the last quarter. J.Safra Asset Management Corp raised its holdings in shares of Enova International by 6.5% in the 1st quarter. J.Safra Asset Management Corp now owns 3,784 shares of the credit services provider’s stock worth $365,000 after buying an additional 232 shares in the last quarter. Pacer Advisors Inc. acquired a new position in shares of Enova International in the 3rd quarter worth approximately $28,000. Police & Firemen s Retirement System of New Jersey raised its holdings in shares of Enova International by 6.1% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 5,754 shares of the credit services provider’s stock worth $642,000 after buying an additional 331 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Enova International by 350.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 450 shares of the credit services provider’s stock worth $50,000 after buying an additional 350 shares in the last quarter. Institutional investors and hedge funds own 89.43% of the company’s stock.

Enova International Price Performance

NYSE ENVA opened at $124.91 on Wednesday. Enova International has a twelve month low of $79.41 and a twelve month high of $130.34. The company has a debt-to-equity ratio of 3.23, a quick ratio of 18.15 and a current ratio of 18.15. The stock has a market capitalization of $3.12 billion, a PE ratio of 11.48 and a beta of 1.49. The stock has a 50-day simple moving average of $115.96 and a 200 day simple moving average of $106.04.

Enova International (NYSE:ENVA) last posted its quarterly earnings data on Thursday, October 23rd. The credit services provider reported $3.36 earnings per share for the quarter, topping the consensus estimate of $3.03 by $0.33. Enova International had a return on equity of 24.89% and a net margin of 9.64%.The business had revenue of $802.68 million during the quarter, compared to analysts’ expectations of $806.63 million. During the same quarter in the previous year, the firm earned $2.45 EPS. The firm’s revenue was up 16.3% compared to the same quarter last year. Research analysts anticipate that Enova International will post 10.31 EPS for the current year.

About Enova International

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.