Enova International (NYSE:ENVA) Coverage Initiated by Analysts at Stephens

Research analysts at Stephens assumed coverage on shares of Enova International (NYSE:ENVA) in a report released on Wednesday,Briefing.com Automated Import reports. The brokerage set an “overweight” rating and a $108.00 price target on the credit services provider’s stock. Stephens’ price objective would indicate a potential upside of 3.95% from the company’s current price.

Several other brokerages have also recently issued reports on ENVA. StockNews.com raised Enova International from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. Janney Montgomery Scott downgraded Enova International from a “buy” rating to a “neutral” rating in a research report on Monday, August 26th. JMP Securities lifted their price objective on Enova International from $103.00 to $109.00 and gave the company a “market outperform” rating in a report on Wednesday, October 23rd. TD Cowen increased their target price on shares of Enova International from $85.00 to $96.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Finally, BTIG Research raised their target price on shares of Enova International from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.14.

Enova International Stock Up 0.9 %

Shares of NYSE ENVA opened at $103.90 on Wednesday. Enova International has a 1 year low of $38.89 and a 1 year high of $104.55. The company has a debt-to-equity ratio of 2.79, a current ratio of 15.82 and a quick ratio of 15.82. The company has a market cap of $2.72 billion, a P/E ratio of 16.57 and a beta of 1.42. The firm has a 50-day simple moving average of $85.21 and a two-hundred day simple moving average of $74.28.

Enova International (NYSE:ENVA) last released its earnings results on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.14. The business had revenue of $689.92 million during the quarter, compared to the consensus estimate of $666.33 million. Enova International had a return on equity of 18.41% and a net margin of 7.19%. The business’s revenue for the quarter was up 25.1% compared to the same quarter last year. During the same period last year, the company earned $1.33 earnings per share. Research analysts anticipate that Enova International will post 8.04 earnings per share for the current year.

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

Insider Transactions at Enova International

In related news, CEO David Fisher sold 10,000 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $83.46, for a total value of $834,600.00. Following the completion of the transaction, the chief executive officer now directly owns 423,239 shares of the company’s stock, valued at $35,323,526.94. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO David Fisher sold 10,000 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $83.46, for a total value of $834,600.00. Following the transaction, the chief executive officer now directly owns 423,239 shares of the company’s stock, valued at $35,323,526.94. 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 this hyperlink. Also, CFO Steven E. Cunningham sold 29,158 shares of Enova International stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $89.53, for a total value of $2,610,515.74. Following the sale, the chief financial officer now directly owns 130,355 shares of the company’s stock, valued at approximately $11,670,683.15. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,843 shares of company stock valued at $8,121,179. Corporate insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On Enova International

Large investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in Enova International during the 3rd quarter valued at approximately $772,000. Smith Shellnut Wilson LLC ADV acquired a new position in Enova International during the second quarter valued at $235,000. F M Investments LLC purchased a new stake in Enova International in the third quarter valued at $242,000. Summit Global Investments grew its position in Enova International by 7.5% during the 2nd quarter. Summit Global Investments now owns 25,464 shares of the credit services provider’s stock worth $1,585,000 after purchasing an additional 1,785 shares during the period. Finally, Foundry Partners LLC raised its stake in shares of Enova International by 1.1% during the 3rd quarter. Foundry Partners LLC now owns 122,756 shares of the credit services provider’s stock valued at $10,286,000 after buying an additional 1,328 shares during the last quarter. Hedge funds and other 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.