Enova International (NYSE:ENVA) Price Target Raised to $78.00

Enova International (NYSE:ENVA) had its target price increased by Maxim Group from $70.00 to $78.00 in a research report released on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the credit services provider’s stock.

Several other research firms have also recently commented on ENVA. JMP Securities lifted their target price on Enova International from $73.00 to $78.00 and gave the company a market outperform rating in a research note on Wednesday. TheStreet downgraded shares of Enova International from a b rating to a c+ rating in a research report on Tuesday, January 30th. Jefferies Financial Group boosted their price target on shares of Enova International from $70.00 to $75.00 and gave the stock a buy rating in a research note on Tuesday, April 9th. BMO Capital Markets increased their target price on Enova International from $60.00 to $62.00 and gave the company a market perform rating in a research note on Thursday. Finally, StockNews.com downgraded Enova International from a buy rating to a hold rating in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $67.60.

Enova International Price Performance

NYSE ENVA traded up $0.67 during trading hours on Thursday, reaching $63.12. 113,733 shares of the company’s stock were exchanged, compared to its average volume of 260,983. The company has a current ratio of 9.37, a quick ratio of 10.27 and a debt-to-equity ratio of 2.64. The stock has a market cap of $1.74 billion, a PE ratio of 11.23 and a beta of 1.55. The firm has a fifty day moving average of $61.59 and a 200-day moving average of $53.70. Enova International has a one year low of $35.30 and a one year high of $65.00.

Enova International (NYSE:ENVA) last issued its quarterly earnings results on Tuesday, January 30th. The credit services provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.08. Enova International had a net margin of 7.69% and a return on equity of 15.77%. The business had revenue of $583.59 million for the quarter, compared to the consensus estimate of $587.34 million. On average, equities research analysts predict that Enova International will post 7.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, General Counsel Sean Rahilly sold 2,347 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $60.40, for a total transaction of $141,758.80. Following the completion of the sale, the general counsel now directly owns 107,992 shares in the company, valued at approximately $6,522,716.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Steven E. Cunningham sold 17,548 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $56.11, for a total value of $984,618.28. Following the sale, the chief financial officer now directly owns 150,025 shares in the company, valued at approximately $8,417,902.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Sean Rahilly sold 2,347 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $60.40, for a total transaction of $141,758.80. Following the transaction, the general counsel now owns 107,992 shares of the company’s stock, valued at $6,522,716.80. The disclosure for this sale can be found here. Insiders sold 30,938 shares of company stock worth $1,799,557 in the last quarter. 7.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Counterpoint Mutual Funds LLC acquired a new position in Enova International in the 3rd quarter worth about $117,000. Denali Advisors LLC boosted its stake in shares of Enova International by 3.3% during the third quarter. Denali Advisors LLC now owns 87,572 shares of the credit services provider’s stock valued at $4,455,000 after purchasing an additional 2,800 shares in the last quarter. Jackson Creek Investment Advisors LLC bought a new stake in shares of Enova International during the third quarter worth about $928,000. New York State Common Retirement Fund increased its stake in shares of Enova International by 3.8% in the third quarter. New York State Common Retirement Fund now owns 59,748 shares of the credit services provider’s stock valued at $3,039,000 after buying an additional 2,203 shares during the period. Finally, Quantbot Technologies LP lifted its holdings in shares of Enova International by 75.1% during the third quarter. Quantbot Technologies LP now owns 10,301 shares of the credit services provider’s stock worth $524,000 after purchasing an additional 4,417 shares during the period. 89.43% of the stock is currently owned by institutional investors.

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.