Enova International (NYSE:ENVA) Upgraded to “Buy” by StockNews.com

Enova International (NYSE:ENVA) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

A number of other research analysts also recently weighed in on the company. Janney Montgomery Scott downgraded Enova International from a “buy” rating to a “neutral” rating in a research note on Monday, August 26th. TD Cowen increased their price target on Enova International from $70.00 to $76.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. JMP Securities increased their price target on Enova International from $93.00 to $103.00 and gave the company a “market outperform” rating in a research note on Monday, October 14th. Finally, BTIG Research began coverage on Enova International in a research note on Wednesday, August 14th. They issued a “buy” rating and a $90.00 price target on the stock. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.67.

Enova International Trading Down 0.8 %

NYSE:ENVA traded down $0.72 during trading hours on Monday, hitting $86.12. 143,447 shares of the stock were exchanged, compared to its average volume of 230,210. The company’s 50 day moving average is $82.62 and its two-hundred day moving average is $71.07. Enova International has a twelve month low of $35.30 and a twelve month high of $89.36. The company has a quick ratio of 12.07, a current ratio of 12.07 and a debt-to-equity ratio of 2.78. The company has a market capitalization of $2.43 billion, a P/E ratio of 15.49 and a beta of 1.43.

Enova International (NYSE:ENVA) last posted its quarterly earnings results on Tuesday, July 23rd. The credit services provider reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.14. The company had revenue of $628.44 million for the quarter, compared to the consensus estimate of $622.92 million. Enova International had a return on equity of 16.53% and a net margin of 7.52%. The firm’s quarterly revenue was up 25.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.57 EPS. On average, sell-side analysts anticipate that Enova International will post 7.74 earnings per share for the current fiscal year.

Enova International declared that its board has initiated a share buyback program on Monday, August 12th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the credit services provider to reacquire up to 12.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other Enova International news, Director Linda Johnson Rice sold 2,700 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $88.29, for a total transaction of $238,383.00. Following the completion of the transaction, the director now owns 7,486 shares in the company, valued at approximately $660,938.94. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Linda Johnson Rice sold 2,700 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $88.29, for a total transaction of $238,383.00. Following the completion of the transaction, the director now directly owns 7,486 shares in the company, valued at $660,938.94. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David Fisher sold 10,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $84.45, for a total transaction of $844,500.00. Following the transaction, the chief executive officer now owns 413,239 shares of the company’s stock, valued at approximately $34,898,033.55. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,725 shares of company stock worth $4,690,053. Corporate insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Enova International

Large investors have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its stake in shares of Enova International by 172.5% during the 1st quarter. BNP Paribas Financial Markets now owns 51,781 shares of the credit services provider’s stock worth $3,253,000 after buying an additional 32,779 shares during the last quarter. Smith Shellnut Wilson LLC ADV acquired a new stake in Enova International in the 2nd quarter valued at about $235,000. SG Americas Securities LLC acquired a new stake in Enova International in the 1st quarter valued at about $223,000. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Enova International by 1.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 20,250 shares of the credit services provider’s stock valued at $1,694,000 after purchasing an additional 200 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Enova International by 27.6% in the 2nd quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock valued at $53,000 after purchasing an additional 185 shares during 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.