Zacks Investment Research upgraded shares of Enova International, Inc. (NYSE:ENVA) from a strong sell rating to a hold rating in a research report released on Tuesday, October 31st.
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. “
A number of other equities research analysts have also issued reports on ENVA. Maxim Group restated a buy rating and issued a $18.00 target price on shares of Enova International in a research note on Tuesday, October 17th. Jefferies Group LLC restated a buy rating and issued a $17.00 target price on shares of Enova International in a research note on Thursday, October 12th. Finally, BidaskClub upgraded shares of Enova International from a sell rating to a hold rating in a research note on Wednesday, October 11th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $16.67.
Enova International (ENVA) opened at $14.15 on Tuesday. Enova International has a 1-year low of $9.74 and a 1-year high of $16.80. The company has a debt-to-equity ratio of 2.79, a current ratio of 8.14 and a quick ratio of 8.14. The company has a market cap of $473.53, a price-to-earnings ratio of 12.41 and a beta of 3.50.
Enova International (NYSE:ENVA) last issued its quarterly earnings data on Thursday, October 26th. The credit services provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.09. Enova International had a net margin of 3.87% and a return on equity of 14.85%. The firm had revenue of $217.88 million for the quarter, compared to analyst estimates of $210.27 million. During the same quarter in the previous year, the business posted $0.28 EPS. The firm’s revenue was up 11.2% compared to the same quarter last year. equities analysts expect that Enova International will post 1.11 earnings per share for the current fiscal year.
Enova International announced that its Board of Directors has initiated a share repurchase plan on Friday, September 15th that authorizes the company to repurchase $25.00 million in outstanding shares. This repurchase authorization authorizes the credit services provider to reacquire up to 63% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
In other Enova International news, Director Mark Mcgowan acquired 30,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was acquired at an average price of $13.97 per share, with a total value of $419,100.00. Following the transaction, the director now directly owns 22,689 shares in the company, valued at $316,965.33. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 4.50% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Tudor Investment Corp ET AL bought a new stake in shares of Enova International during the 2nd quarter valued at about $175,000. Arizona State Retirement System grew its position in shares of Enova International by 1.7% during the 1st quarter. Arizona State Retirement System now owns 12,164 shares of the credit services provider’s stock valued at $181,000 after buying an additional 200 shares during the last quarter. Affinity Investment Advisors LLC grew its position in shares of Enova International by 0.7% during the 2nd quarter. Affinity Investment Advisors LLC now owns 15,279 shares of the credit services provider’s stock valued at $227,000 after buying an additional 104 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Enova International during the 3rd quarter valued at about $228,000. Finally, Blair William & Co. IL grew its position in shares of Enova International by 64.9% during the 2nd quarter. Blair William & Co. IL now owns 18,357 shares of the credit services provider’s stock valued at $273,000 after buying an additional 7,224 shares during the last quarter. 93.05% of the stock is owned by institutional investors and hedge funds.
About Enova International
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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