Enova International, Inc. (NYSE:ENVA) Receives $60.00 Consensus PT from Analysts

Enova International, Inc. (NYSE:ENVA) has been given a consensus recommendation of “Moderate Buy” by the four ratings firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $63.00.

Several brokerages have weighed in on ENVA. TheStreet cut Enova International from a “b” rating to a “c+” rating in a report on Tuesday, January 30th. Jefferies Financial Group boosted their price objective on Enova International from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday. BMO Capital Markets upped their price target on Enova International from $57.00 to $59.00 and gave the company a “market perform” rating in a research note on Wednesday, January 31st. JMP Securities upped their price target on Enova International from $62.00 to $73.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 31st. Finally, StockNews.com raised Enova International from a “hold” rating to a “buy” rating in a research note on Saturday, March 23rd.

Enova International Stock Performance

Shares of NYSE:ENVA opened at $61.33 on Tuesday. The stock has a market capitalization of $1.69 billion, a P/E ratio of 11.19 and a beta of 1.55. Enova International has a 1-year low of $35.30 and a 1-year high of $64.51. The company has a current ratio of 10.27, a quick ratio of 10.27 and a debt-to-equity ratio of 2.37. The business has a 50-day moving average price of $60.56 and a two-hundred day moving average price of $52.92.

Enova International (NYSE:ENVA) last announced its quarterly earnings data on Tuesday, January 30th. The credit services provider reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.08. The firm had revenue of $583.59 million during the quarter, compared to analysts’ expectations of $587.34 million. Enova International had a return on equity of 15.84% and a net margin of 8.27%. Equities analysts predict that Enova International will post 7.39 earnings per share for the current year.

Insider Activity

In related news, Director Linda Johnson Rice sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $62.12, for a total value of $310,600.00. Following the completion of the transaction, the director now directly owns 9,182 shares in the company, valued at approximately $570,385.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, General Counsel Sean Rahilly sold 6,043 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $60.00, for a total value of $362,580.00. Following the completion of the transaction, the general counsel now directly owns 101,949 shares in the company, valued at approximately $6,116,940. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Linda Johnson Rice sold 5,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 9,182 shares of the company’s stock, valued at $570,385.84. The disclosure for this sale can be found here. Insiders sold a total of 30,938 shares of company stock valued at $1,799,557 in the last ninety days. 7.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Enova International

Several institutional investors and hedge funds have recently modified their holdings of ENVA. Headinvest LLC acquired a new position in Enova International during the 3rd quarter worth approximately $28,000. GAMMA Investing LLC acquired a new position in Enova International during the 4th quarter worth approximately $37,000. State of Tennessee Treasury Department boosted its position in Enova International by 3.8% during the 4th quarter. State of Tennessee Treasury Department now owns 50,419 shares of the credit services provider’s stock worth $1,935,000 after acquiring an additional 1,826 shares during the last quarter. UniSuper Management Pty Ltd acquired a new position in Enova International during the 2nd quarter worth approximately $101,000. Finally, New York State Common Retirement Fund boosted its position in Enova International by 3.8% during the 3rd quarter. New York State Common Retirement Fund now owns 59,748 shares of the credit services provider’s stock worth $3,039,000 after acquiring an additional 2,203 shares during the last quarter. 89.43% of the stock is currently owned by institutional investors and hedge funds.

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.