Analysts Set Enova International, Inc. (NYSE:ENVA) PT at $188.00

Enova International, Inc. (NYSE:ENVA) has received a consensus recommendation of “Buy” from the six brokerages that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $188.00.

A number of equities analysts have weighed in on ENVA shares. Citigroup restated an “outperform” rating on shares of Enova International in a research note on Wednesday, January 28th. BTIG Research restated a “buy” rating and issued a $199.00 price objective on shares of Enova International in a research report on Wednesday, January 28th. Zacks Research upgraded shares of Enova International from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th. Wall Street Zen cut shares of Enova International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. Finally, Citizens Jmp raised their price objective on shares of Enova International from $180.00 to $182.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 28th.

Insider Buying and Selling

In related news, Director Mark Tebbe sold 20,000 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $172.24, for a total transaction of $3,444,800.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Steven E. Cunningham sold 11,436 shares of the stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $165.13, for a total transaction of $1,888,426.68. Following the sale, the chief executive officer owned 127,719 shares in the company, valued at approximately $21,090,238.47. The trade was a 8.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 134,019 shares of company stock worth $22,151,701 over the last ninety days. Corporate insiders own 8.40% of the company’s stock.

Institutional Investors Weigh In On Enova International

A number of large investors have recently added to or reduced their stakes in ENVA. Farther Finance Advisors LLC lifted its holdings in shares of Enova International by 26.9% during the 4th quarter. Farther Finance Advisors LLC now owns 302 shares of the credit services provider’s stock valued at $47,000 after buying an additional 64 shares during the period. California State Teachers Retirement System increased its position in Enova International by 0.4% during the second quarter. California State Teachers Retirement System now owns 24,268 shares of the credit services provider’s stock valued at $2,706,000 after acquiring an additional 105 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Enova International by 174.2% in the third quarter. Bessemer Group Inc. now owns 255 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 162 shares during the period. J.Safra Asset Management Corp lifted its holdings in Enova International by 3.3% in the third quarter. J.Safra Asset Management Corp now owns 5,503 shares of the credit services provider’s stock valued at $633,000 after acquiring an additional 176 shares during the period. Finally, FNY Investment Advisers LLC purchased a new position in Enova International in the fourth quarter worth about $31,000. Institutional investors own 89.43% of the company’s stock.

Enova International Stock Up 2.6%

ENVA stock opened at $148.12 on Tuesday. The stock has a 50-day simple moving average of $157.11 and a two-hundred day simple moving average of $134.43. Enova International has a twelve month low of $79.41 and a twelve month high of $176.68. The firm has a market capitalization of $3.70 billion, a PE ratio of 12.79 and a beta of 1.25. The company has a quick ratio of 19.29, a current ratio of 9.48 and a debt-to-equity ratio of 3.37.

Enova International (NYSE:ENVA) last released its quarterly earnings data on Tuesday, January 27th. The credit services provider reported $3.46 EPS for the quarter, beating analysts’ consensus estimates of $3.17 by $0.29. Enova International had a net margin of 9.78% and a return on equity of 25.31%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $838.59 million. During the same period last year, the business earned $2.61 earnings per share. Enova International’s revenue was up 15.0% compared to the same quarter last year. On average, equities analysts predict that Enova International will post 10.31 EPS for the current fiscal year.

Enova International declared that its Board of Directors has approved a stock repurchase plan on Wednesday, November 12th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the credit services provider to repurchase up to 12.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its shares are undervalued.

Enova International Company Profile

Enova International, Inc (NYSE: ENVA) is a Chicago-based financial services company specializing in online lending solutions. Since its founding in 2004, Enova has leveraged proprietary data analytics and technology platforms to underwrite and deliver short-term consumer loans, lines of credit and installment loans. Through its flagship consumer brand NetCredit, Enova provides flexible credit options designed to serve a wide range of borrowers, including those with limited or non-traditional credit histories.

In addition to its U.S.