Enova International (NYSE:ENVA) PT Raised to $96.00 at TD Cowen

Enova International (NYSE:ENVAGet Free Report) had its price target upped by analysts at TD Cowen from $85.00 to $96.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “hold” rating on the credit services provider’s stock. TD Cowen’s price target suggests a potential upside of 8.57% from the stock’s previous close.

ENVA has been the subject of a number of other research reports. Janney Montgomery Scott downgraded Enova International from a “buy” rating to a “neutral” rating in a research report on Monday, August 26th. StockNews.com upgraded shares of Enova International from a “hold” rating to a “buy” rating in a report on Monday. JMP Securities raised their price target on Enova International from $103.00 to $109.00 and gave the stock a “market outperform” rating in a research note on Wednesday. Finally, BTIG Research raised their price objective on shares of Enova International from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $88.33.

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Enova International Price Performance

Enova International stock opened at $88.42 on Wednesday. The business’s 50 day simple moving average is $82.98 and its 200 day simple moving average is $71.38. Enova International has a 12 month low of $35.30 and a 12 month high of $96.01. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 15.89 and a beta of 1.43. The company has a current ratio of 12.07, a quick ratio of 12.07 and a debt-to-equity ratio of 2.78.

Enova International (NYSE:ENVAGet Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.14. The business had revenue of $689.92 million during the quarter, compared to analyst estimates of $666.33 million. Enova International had a net margin of 7.52% and a return on equity of 16.53%. Enova International’s revenue was up 25.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.33 EPS. Sell-side analysts forecast that Enova International will post 7.74 EPS for the current year.

Enova International declared that its board has approved a share repurchase plan on Monday, August 12th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the credit services provider to reacquire up to 12.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

Insider Activity

In other news, Director Linda Johnson Rice sold 2,700 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $88.29, for a total transaction of $238,383.00. Following the transaction, the director now directly owns 7,486 shares in the company, valued at approximately $660,938.94. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Linda Johnson Rice sold 2,700 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $88.29, for a total transaction of $238,383.00. Following the transaction, the director now directly owns 7,486 shares in the company, valued at $660,938.94. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David Fisher sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $84.45, for a total transaction of $844,500.00. Following the sale, the chief executive officer now directly owns 413,239 shares in the company, valued at approximately $34,898,033.55. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,700 shares of company stock valued at $1,917,483. Corporate insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Enova International

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC grew its holdings in shares of Enova International by 27.6% during the second quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock worth $53,000 after buying an additional 185 shares in the last quarter. USA Financial Formulas purchased a new position in shares of Enova International during the 3rd quarter worth $76,000. J.Safra Asset Management Corp increased its position in shares of Enova International by 83.8% during the 1st quarter. J.Safra Asset Management Corp now owns 930 shares of the credit services provider’s stock worth $58,000 after purchasing an additional 424 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Enova International in the 1st quarter valued at approximately $223,000. Finally, Lazard Asset Management LLC raised its position in Enova International by 21.1% in the first quarter. Lazard Asset Management LLC now owns 3,649 shares of the credit services provider’s stock valued at $228,000 after purchasing an additional 636 shares during the period. Hedge funds and other institutional investors own 89.43% of the company’s stock.

About Enova International

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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.

Further Reading

Analyst Recommendations for Enova International (NYSE:ENVA)

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