Enova International (NYSE:ENVA) PT Raised to $109.00

Enova International (NYSE:ENVA) had its target price boosted by investment analysts at JMP Securities from $103.00 to $109.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “market outperform” rating on the credit services provider’s stock. JMP Securities’ price target would indicate a potential upside of 23.28% from the company’s current price.

Other equities analysts also recently issued research reports about the company. BTIG Research lifted their price target on Enova International from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday. Janney Montgomery Scott downgraded Enova International from a “buy” rating to a “neutral” rating in a report on Monday, August 26th. StockNews.com upgraded Enova International from a “hold” rating to a “buy” rating in a research note on Monday. Finally, TD Cowen upped their target price on shares of Enova International from $70.00 to $76.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Three investment 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.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $88.33.

Enova International Stock Up 0.3 %

Shares of Enova International stock opened at $88.42 on Wednesday. The stock’s 50-day moving average is $82.98 and its 200 day moving average is $71.38. Enova International has a one year low of $35.30 and a one year high of $96.01. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 15.90 and a beta of 1.43. The company has a debt-to-equity ratio of 2.78, a current ratio of 12.07 and a quick ratio of 12.07.

Enova International (NYSE:ENVA) last released its quarterly earnings data on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.14. The company had revenue of $689.92 million during the quarter, compared to analyst estimates of $666.33 million. Enova International had a net margin of 7.52% and a return on equity of 16.53%. Enova International’s revenue for the quarter was up 25.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.33 EPS. Equities research analysts anticipate that Enova International will post 7.74 EPS for the current year.

Enova International announced that its board has approved a share buyback program on Monday, August 12th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the credit services provider to purchase up to 12.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other news, Director Linda Johnson Rice sold 2,700 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $660,938.94. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Linda Johnson Rice sold 2,700 shares of the stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David Fisher sold 10,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $84.45, for a total value of $844,500.00. Following the completion of the sale, the chief executive officer now owns 413,239 shares in the company, valued at $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 ninety days, insiders have sold 22,700 shares of company stock valued at $1,917,483. 7.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ENVA. BNP Paribas Financial Markets increased its position in shares of Enova International by 172.5% during the first quarter. BNP Paribas Financial Markets now owns 51,781 shares of the credit services provider’s stock valued at $3,253,000 after buying an additional 32,779 shares during the period. Smith Shellnut Wilson LLC ADV bought a new stake in Enova International during the 2nd quarter worth approximately $235,000. SG Americas Securities LLC purchased a new stake in Enova International in the 1st quarter worth approximately $223,000. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings 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 period. Finally, GAMMA Investing LLC boosted its holdings 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 period. Institutional investors own 89.43% of the company’s stock.

Enova International Company Profile

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.