Enova International (ENVA) Rating Increased to Strong-Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Enova International (NYSE:ENVA) from a hold rating to a strong-buy rating in a research report sent to investors on Friday morning. Zacks Investment Research currently has $19.00 target price on the credit services provider’s stock.

According to Zacks, “Enova International, Inc. is a provider of online financial services. It offers loans to customers in the United States and in the United Kingdom, Australia and Canada. The Company’s customers include consumers who have bank accounts but use alternative financial credit services because of their limited access to more traditional consumer credit from banks, thrifts, credit card companies and other lenders. Enova International, Inc is headquartered in Chicago. “

Several other brokerages have also weighed in on ENVA. Maxim Group reissued a buy rating and issued a $18.00 price objective on shares of Enova International in a report on Monday, October 9th. Stephens reissued a buy rating and issued a $22.00 price objective on shares of Enova International in a report on Thursday, January 4th. ValuEngine lowered Enova International from a strong-buy rating to a buy rating in a report on Saturday, October 21st. Jefferies Group reissued a buy rating and issued a $17.00 price objective on shares of Enova International in a report on Thursday, October 12th. Finally, BidaskClub raised Enova International from a sell rating to a hold rating in a report on Wednesday, October 11th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Enova International currently has a consensus rating of Buy and a consensus target price of $18.20.

Shares of Enova International (ENVA) traded down $0.10 during trading on Friday, hitting $16.55. The stock had a trading volume of 198,500 shares, compared to its average volume of 273,667. Enova International has a 1 year low of $11.15 and a 1 year high of $17.50. The stock has a market cap of $553.84, a price-to-earnings ratio of 18.19 and a beta of 3.30. The company has a current ratio of 8.14, a quick ratio of 8.14 and a debt-to-equity ratio of 2.79.

Enova International (NYSE:ENVA) last announced its earnings results on Thursday, October 26th. The credit services provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.09. Enova International had a return on equity of 14.85% and a net margin of 3.87%. The firm had revenue of $217.88 million during the quarter, compared to analyst estimates of $210.27 million. During the same period last year, the firm posted $0.28 EPS. The business’s revenue was up 11.2% compared to the same quarter last year. equities analysts forecast that Enova International will post 1.11 EPS for the current fiscal year.

In other news, Director Mark Mcgowan acquired 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was bought at an average price of $13.97 per share, with a total value of $419,100.00. Following the acquisition, the director now owns 22,689 shares in the company, valued at approximately $316,965.33. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.50% of the company’s stock.

A number of hedge funds have recently bought and sold shares of ENVA. Rhumbline Advisers grew its holdings in Enova International by 12.4% during the 2nd quarter. Rhumbline Advisers now owns 56,946 shares of the credit services provider’s stock valued at $846,000 after buying an additional 6,263 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Enova International by 20.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 409,616 shares of the credit services provider’s stock valued at $6,083,000 after buying an additional 70,637 shares in the last quarter. Teachers Advisors LLC grew its holdings in Enova International by 12.8% during the 2nd quarter. Teachers Advisors LLC now owns 59,185 shares of the credit services provider’s stock valued at $879,000 after buying an additional 6,735 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in Enova International by 108.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 389,302 shares of the credit services provider’s stock valued at $5,781,000 after buying an additional 202,404 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in Enova International by 23.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 433,302 shares of the credit services provider’s stock valued at $6,434,000 after buying an additional 83,475 shares in the last quarter. 97.24% of the stock is owned by institutional investors and hedge funds.

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Enova International Company Profile

Enova International, Inc is a technology and analytics company. The Company provides online financial services. As of December 31, 2016, the Company offered or arranged loans to consumers in 33 states in the United States and in the United Kingdom and Brazil. As of December 31, 2016, it also offered financing to small businesses in all 50 states and Washington DC in the United States.

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