Enova International (NYSE:ENVA) Reaches New 1-Year High Following Analyst Upgrade

Enova International, Inc. (NYSE:ENVA) hit a new 52-week high on Monday after Wall Street Zen upgraded the stock from a buy rating to a strong-buy rating. The company traded as high as $247.33 and last traded at $246.59, with a volume of 30659 shares trading hands. The stock had previously closed at $237.27.

Other equities analysts have also recently issued reports about the company. Citigroup reiterated a “market outperform” rating on shares of Enova International in a research note on Friday. BTIG Research increased their price objective on shares of Enova International from $199.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Maxim Group raised their price objective 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. Citizens Jmp boosted their target price on shares of Enova International from $195.00 to $270.00 and gave the stock a “market outperform” rating in a research report on Friday, June 26th. Finally, TD Cowen upped their target price on shares of Enova International from $250.00 to $257.00 and gave the company a “buy” rating in a research note on Friday. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $247.83.

Insider Transactions at Enova International

In other Enova International news, Director Mark Tebbe sold 20,000 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $201.37, for a total transaction of $4,027,400.00. Following the completion of the sale, the director owned 50,029 shares in the company, valued at $10,074,339.73. The trade was a 28.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William M. Goodyear sold 6,231 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $166.08, for a total transaction of $1,034,844.48. Following the sale, the director directly owned 68,740 shares in the company, valued at $11,416,339.20. This trade represents a 8.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 99,030 shares of company stock worth $18,379,363. 8.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Enova International

A number of institutional investors have recently modified their holdings of ENVA. Informed Momentum Co LLC acquired a new stake in Enova International during the fourth quarter worth about $6,243,000. Marshall Wace LLP bought a new position in shares of Enova International during the fourth quarter valued at approximately $4,412,000. Geode Capital Management LLC raised its position in shares of Enova International by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 611,208 shares of the credit services provider’s stock worth $96,095,000 after purchasing an additional 18,258 shares during the period. Legato Capital Management LLC acquired a new stake in shares of Enova International during the 4th quarter worth approximately $1,851,000. Finally, Danske Bank A S bought a new stake in shares of Enova International in the 3rd quarter worth approximately $991,000. Institutional investors own 89.43% of the company’s stock.

Enova International Trading Up 6.2%

The firm has a market cap of $6.27 billion, a P/E ratio of 18.68 and a beta of 1.21. The company has a debt-to-equity ratio of 3.35, a quick ratio of 18.42 and a current ratio of 18.42. The firm has a fifty day moving average of $203.29 and a 200-day moving average of $170.24.

Enova International (NYSE:ENVA) last issued its quarterly earnings data on Thursday, July 23rd. The credit services provider reported $4.31 EPS for the quarter, topping analysts’ consensus estimates of $3.99 by $0.32. The firm had revenue of $928.93 million during the quarter, compared to the consensus estimate of $909.61 million. Enova International had a return on equity of 26.66% and a net margin of 10.31%.The firm’s revenue was up 21.6% on a year-over-year basis. During the same period in the prior year, the business earned $3.23 EPS. Equities research analysts forecast that Enova International, Inc. will post 15.37 earnings per share for the current year.

About Enova International

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.