Enova International (NYSE:ENVA) Price Target Raised to $78.00

Enova International (NYSE:ENVA) had its price objective upped by Maxim Group from $70.00 to $78.00 in a report published on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the credit services provider’s stock.

A number of other research analysts have also recently weighed in on the company. BMO Capital Markets raised their price target on Enova International from $60.00 to $62.00 and gave the company a market perform rating in a research report on Thursday. Jefferies Financial Group lifted their target price on shares of Enova International from $70.00 to $75.00 and gave the stock a buy rating in a research report on Tuesday, April 9th. JMP Securities increased their price target on shares of Enova International from $73.00 to $78.00 and gave the company a market outperform rating in a research report on Wednesday, April 24th. StockNews.com lowered Enova International from a buy rating to a hold rating in a research note on Wednesday, April 24th. Finally, TheStreet downgraded Enova International from a b rating to a c+ rating in a research report on Tuesday, January 30th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Enova International has an average rating of Moderate Buy and a consensus target price of $67.60.

Enova International Stock Up 1.2 %

ENVA stock opened at $63.23 on Thursday. The company has a current ratio of 13.15, a quick ratio of 10.27 and a debt-to-equity ratio of 2.64. The company’s 50-day moving average price is $61.66 and its 200 day moving average price is $53.83. Enova International has a 52 week low of $35.30 and a 52 week high of $65.00. The company has a market cap of $1.71 billion, a P/E ratio of 11.37 and a beta of 1.55.

Enova International (NYSE:ENVA) last posted its quarterly earnings results on Tuesday, January 30th. The credit services provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.08. Enova International had a net margin of 7.69% and a return on equity of 15.77%. The company had revenue of $583.59 million during the quarter, compared to the consensus estimate of $587.34 million. On average, research analysts expect that Enova International will post 7.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Steven E. Cunningham sold 17,548 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $56.11, for a total transaction of $984,618.28. Following the sale, the chief financial officer now owns 150,025 shares in the company, valued at $8,417,902.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Steven E. Cunningham sold 17,548 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $56.11, for a total transaction of $984,618.28. Following the completion of the transaction, the chief financial officer now owns 150,025 shares of the company’s stock, valued at approximately $8,417,902.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Linda Johnson Rice sold 5,000 shares of the firm’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 transaction of $310,600.00. Following the completion of the sale, the director now directly owns 9,182 shares in the company, valued at $570,385.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,938 shares of company stock worth $1,799,557. 7.80% of the stock is owned by insiders.

Institutional Trading of Enova International

Several institutional investors have recently made changes to their positions in the stock. Orchard Capital Management LLC raised its position in shares of Enova International by 30.0% in the 4th quarter. Orchard Capital Management LLC now owns 232,326 shares of the credit services provider’s stock worth $12,862,000 after buying an additional 53,647 shares during the period. Jackson Creek Investment Advisors LLC acquired a new stake in Enova International during the third quarter worth about $928,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Enova International in the 4th quarter worth about $957,000. Foundry Partners LLC raised its holdings in shares of Enova International by 7.3% in the 4th quarter. Foundry Partners LLC now owns 137,908 shares of the credit services provider’s stock worth $7,635,000 after purchasing an additional 9,357 shares during the period. Finally, Quantbot Technologies LP lifted its stake in shares of Enova International by 75.1% in the 3rd quarter. Quantbot Technologies LP now owns 10,301 shares of the credit services provider’s stock valued at $524,000 after purchasing an additional 4,417 shares in the last quarter. 89.43% of the stock is owned by hedge funds and other institutional investors.

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.