Enova International (NYSE:ENVA) PT Raised to $62.00

Enova International (NYSE:ENVA) had its target price increased by equities research analysts at BMO Capital Markets from $60.00 to $62.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a “market perform” rating on the credit services provider’s stock. BMO Capital Markets’ price objective points to a potential downside of 1.95% from the stock’s previous close.

Several other research analysts also recently weighed in on ENVA. Jefferies Financial Group lifted their target price on Enova International from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. 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. StockNews.com downgraded Enova International from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, TheStreet downgraded Enova International from a “b” rating to a “c+” rating in a research note on Tuesday, January 30th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.60.

Enova International Trading Up 1.2 %

NYSE:ENVA opened at $63.23 on Thursday. The stock’s 50 day moving average price is $61.66 and its 200 day moving average price is $53.79. The company has a market capitalization of $1.71 billion, a PE ratio of 11.37 and a beta of 1.55. The company has a quick ratio of 10.27, a current ratio of 13.15 and a debt-to-equity ratio of 2.64. Enova International has a 52-week low of $35.30 and a 52-week high of $65.00.

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

Insider Activity at Enova International

In related news, CFO Steven E. Cunningham sold 17,548 shares of Enova International stock in a transaction that occurred on Friday, February 9th. The stock was 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 $8,417,902.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CFO Steven E. Cunningham sold 17,548 shares of Enova International stock in a transaction that occurred on Friday, February 9th. The stock was 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 $8,417,902.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Sean Rahilly sold 6,043 shares of Enova International stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $60.00, for a total value of $362,580.00. Following the transaction, the general counsel now directly owns 101,949 shares of the company’s stock, valued at $6,116,940. The disclosure for this sale can be found here. Insiders have sold a total of 30,938 shares of company stock worth $1,799,557 over the last three months. 7.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Enova International

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Orchard Capital Management LLC raised its holdings in Enova International by 30.0% during the fourth quarter. Orchard Capital Management LLC now owns 232,326 shares of the credit services provider’s stock worth $12,862,000 after purchasing an additional 53,647 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Enova International during the fourth quarter worth $957,000. GAMMA Investing LLC acquired a new position in shares of Enova International in the fourth quarter worth $37,000. Foundry Partners LLC raised its holdings in shares of Enova International by 7.3% in the fourth quarter. Foundry Partners LLC now owns 137,908 shares of the credit services provider’s stock worth $7,635,000 after acquiring an additional 9,357 shares during the last quarter. Finally, Handelsbanken Fonder AB acquired a new position in shares of Enova International in the fourth quarter worth $216,000. 89.43% of the stock is owned by institutional investors and hedge funds.

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.