Brokerages Set Enova International, Inc. (NYSE:ENVA) Price Target at $116.80

Enova International, Inc. (NYSE:ENVA) has been assigned a consensus rating of “Buy” from the eight analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $116.80.

A number of research analysts recently issued reports on ENVA shares. JMP Securities raised their price objective on shares of Enova International from $135.00 to $149.00 and gave the company a “market outperform” rating in a report on Friday, October 24th. Zacks Research cut shares of Enova International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 25th. BTIG Research lifted their price target on shares of Enova International from $129.00 to $144.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Enova International in a research note on Wednesday, October 8th.

Enova International Trading Down 0.9%

NYSE ENVA opened at $119.68 on Friday. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 11.00 and a beta of 1.47. Enova International has a twelve month low of $79.41 and a twelve month high of $133.33. The company has a quick ratio of 18.15, a current ratio of 19.29 and a debt-to-equity ratio of 3.20. The business’s fifty day moving average is $118.31 and its 200 day moving average is $109.93.

Enova International (NYSE:ENVA) last posted its earnings results on Thursday, October 23rd. The credit services provider reported $3.36 EPS for the quarter, beating the consensus estimate of $3.03 by $0.33. The firm had revenue of $460.71 million during the quarter, compared to the consensus estimate of $806.63 million. Enova International had a return on equity of 24.50% and a net margin of 9.64%.The business’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period last year, the company earned $2.45 earnings per share. As a group, sell-side analysts expect that Enova International will post 10.31 EPS for the current fiscal year.

Enova International declared that its board has approved a share buyback program on Wednesday, November 12th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the credit services provider to purchase up to 12.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other news, CFO Steven E. Cunningham sold 14,874 shares of the stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $120.70, for a total transaction of $1,795,291.80. Following the completion of the sale, the chief financial officer directly owned 127,719 shares in the company, valued at $15,415,683.30. This represents a 10.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David Fisher sold 6,000 shares of Enova International stock in a transaction on Monday, October 27th. The stock was sold at an average price of $122.61, for a total transaction of $735,660.00. Following the transaction, the chief executive officer directly owned 348,223 shares of the company’s stock, valued at $42,695,622.03. This represents a 1.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 86,874 shares of company stock valued at $10,708,742 in the last three months. Insiders own 8.40% of the company’s stock.

Institutional Trading of Enova International

Large investors have recently bought and sold shares of the business. Baird Financial Group Inc. raised its position in shares of Enova International by 0.8% in the 2nd quarter. Baird Financial Group Inc. now owns 155,950 shares of the credit services provider’s stock worth $17,392,000 after acquiring an additional 1,276 shares in the last quarter. Loomis Sayles & Co. L P bought a new stake in Enova International in the second quarter worth approximately $11,152,000. CX Institutional lifted its stake in Enova International by 4.2% in the third quarter. CX Institutional now owns 70,352 shares of the credit services provider’s stock valued at $8,097,000 after buying an additional 2,814 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Enova International by 238.8% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 68,600 shares of the credit services provider’s stock valued at $7,650,000 after buying an additional 48,350 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Enova International by 2.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 65,255 shares of the credit services provider’s stock worth $7,277,000 after buying an additional 1,531 shares in 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.