Enova International (NYSE:ENVA) Price Target Raised to $129.00

Enova International (NYSE:ENVA) had its target price upped by BTIG Research from $122.00 to $129.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the credit services provider’s stock. BTIG Research’s target price suggests a potential upside of 14.02% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the company. StockNews.com raised Enova International from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. JMP Securities raised their target price on Enova International from $125.00 to $135.00 and gave the company a “market outperform” rating in a report on Wednesday. TD Cowen upped their price target on shares of Enova International from $85.00 to $96.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Finally, Stephens started coverage on shares of Enova International in a report on Wednesday, November 13th. They issued an “overweight” rating and a $108.00 price target for the company. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Enova International currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.57.

Enova International Price Performance

Shares of NYSE ENVA opened at $113.14 on Wednesday. The stock has a fifty day moving average price of $103.30 and a 200 day moving average price of $91.98. Enova International has a 1-year low of $53.17 and a 1-year high of $115.07. The company has a debt-to-equity ratio of 2.79, a current ratio of 15.82 and a quick ratio of 15.82. The company has a market cap of $2.97 billion, a PE ratio of 18.04 and a beta of 1.49.

Enova International (NYSE:ENVA) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.08. Enova International had a net margin of 7.19% and a return on equity of 18.41%. Sell-side analysts forecast that Enova International will post 7.98 EPS for the current year.

Insider Activity

In related news, CEO David Fisher sold 10,000 shares of Enova International stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $105.59, for a total transaction of $1,055,900.00. Following the completion of the sale, the chief executive officer now owns 369,905 shares in the company, valued at approximately $39,058,268.95. This trade represents a 2.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Enova International

Several institutional investors and hedge funds have recently modified their holdings of the company. Longboard Asset Management LP purchased a new position in Enova International during the fourth quarter worth about $202,000. Crossmark Global Holdings Inc. purchased a new stake in Enova International in the 4th quarter valued at about $206,000. BNP Paribas Financial Markets increased its stake in shares of Enova International by 28.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 58,066 shares of the credit services provider’s stock valued at $4,865,000 after acquiring an additional 12,928 shares during the last quarter. Quantbot Technologies LP lifted its holdings 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 worth $1,188,000 after acquiring an additional 1,311 shares during the period. Finally, Foundry Partners LLC boosted its position in shares of Enova International by 1.1% in the third quarter. Foundry Partners LLC now owns 122,756 shares of the credit services provider’s stock worth $10,286,000 after acquiring an additional 1,328 shares during the last quarter. 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.