TD Cowen Boosts Enova International (NYSE:ENVA) Price Target to $257.00

Enova International (NYSE:ENVAGet Free Report) had its target price hoisted by TD Cowen from $250.00 to $257.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the credit services provider’s stock. TD Cowen’s price target indicates a potential upside of 8.38% from the company’s current price.

ENVA has been the subject of a number of other reports. BTIG Research raised their price objective on Enova International from $199.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Citigroup reiterated a “market outperform” rating on shares of Enova International in a report on Friday. Wall Street Zen downgraded shares of Enova International from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Maxim Group raised their price target on shares of Enova International from $191.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Finally, Zacks Research downgraded shares of Enova International from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $247.83.

Read Our Latest Analysis on Enova International

Enova International Stock Performance

NYSE ENVA opened at $237.13 on Friday. The company has a market capitalization of $5.90 billion, a price-to-earnings ratio of 17.58 and a beta of 1.21. Enova International has a twelve month low of $99.61 and a twelve month high of $246.38. The stock has a fifty day simple moving average of $201.55 and a 200 day simple moving average of $169.56. The company has a quick ratio of 20.42, a current ratio of 20.42 and a debt-to-equity ratio of 3.45.

Enova International (NYSE:ENVAGet Free Report) last announced its earnings results on Thursday, July 23rd. The credit services provider reported $4.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.35. The business had revenue of $928.93 million during the quarter, compared to analyst estimates of $909.61 million. Enova International had a return on equity of 27.44% and a net margin of 10.31%.Enova International’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period last year, the company earned $3.23 EPS. Sell-side analysts expect that Enova International will post 15.37 EPS for the current year.

Insiders Place Their Bets

In other news, Director William M. Goodyear sold 6,231 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $166.08, for a total value of $1,034,844.48. Following the transaction, the director directly owned 68,740 shares of the company’s stock, valued at $11,416,339.20. The trade was a 8.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Steven E. Cunningham sold 7,852 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $175.50, for a total value of $1,378,026.00. Following the completion of the transaction, the chief executive officer directly owned 122,945 shares in the company, valued at $21,576,847.50. This represents a 6.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 106,882 shares of company stock valued at $19,757,389. Insiders own 8.40% of the company’s stock.

Hedge Funds Weigh In On Enova International

Several institutional investors have recently added to or reduced their stakes in ENVA. Farther Finance Advisors LLC boosted 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 worth $47,000 after buying an additional 64 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Enova International by 2.6% in the 2nd quarter. GAMMA Investing LLC now owns 2,897 shares of the credit services provider’s stock valued at $697,000 after acquiring an additional 73 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of Enova International by 0.4% in the 2nd 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 in the last quarter. Pacer Advisors Inc. lifted its position in shares of Enova International by 58.5% during the 1st quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock valued at $56,000 after acquiring an additional 152 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in shares of Enova International during the 4th quarter valued at $31,000. 89.43% of the stock is owned by institutional investors and hedge funds.

Key Enova International News

Here are the key news stories impacting Enova International this week:

About Enova International

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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.

Further Reading

Analyst Recommendations for Enova International (NYSE:ENVA)

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