Zacks Investment Research upgraded shares of Enova International (NYSE:ENVA) from a hold rating to a strong-buy rating in a research note published on Friday. Zacks Investment Research currently has $19.00 target price on the credit services provider’s stock.
According to Zacks, “Enova International, Inc. is a provider of online financial services. It offers loans to customers in the United States and in the United Kingdom, Australia and Canada. The Company’s customers include consumers who have bank accounts but use alternative financial credit services because of their limited access to more traditional consumer credit from banks, thrifts, credit card companies and other lenders. Enova International, Inc is headquartered in Chicago. “
A number of other analysts have also issued reports on ENVA. Maxim Group reissued a buy rating and issued a $18.00 price target on shares of Enova International in a research note on Monday, October 30th. BidaskClub raised Enova International from a hold rating to a buy rating in a research note on Saturday, October 21st. ValuEngine lowered Enova International from a strong-buy rating to a buy rating in a research note on Saturday, October 21st. Jefferies Group reissued a buy rating and issued a $17.00 price target on shares of Enova International in a research note on Thursday, October 12th. Finally, Stephens reissued a buy rating and issued a $22.00 price target on shares of Enova International in a research note on Thursday, January 4th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $18.20.
Enova International (NYSE ENVA) traded down $0.10 during trading on Friday, reaching $16.55. The company had a trading volume of 198,500 shares, compared to its average volume of 273,667. The stock has a market cap of $553.84, a PE ratio of 17.99 and a beta of 3.45. Enova International has a 1 year low of $11.15 and a 1 year high of $17.50. The company has a current ratio of 8.14, a quick ratio of 8.14 and a debt-to-equity ratio of 2.79.
Enova International (NYSE:ENVA) last posted its quarterly earnings data on Thursday, October 26th. The credit services provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.09. The firm had revenue of $217.88 million during the quarter, compared to analysts’ expectations of $210.27 million. Enova International had a return on equity of 14.85% and a net margin of 3.87%. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 EPS. equities research analysts predict that Enova International will post 1.11 EPS for the current fiscal year.
In other Enova International news, Director Mark Mcgowan purchased 30,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were purchased at an average cost of $13.97 per share, with a total value of $419,100.00. Following the purchase, the director now owns 22,689 shares in the company, valued at $316,965.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 4.50% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL acquired a new position in shares of Enova International in the 2nd quarter valued at about $175,000. Hartford Investment Management Co. acquired a new position in shares of Enova International in the 3rd quarter valued at about $178,000. Crossmark Global Holdings Inc. acquired a new position in shares of Enova International in the 3rd quarter valued at about $228,000. Public Employees Retirement System of Ohio lifted its stake in shares of Enova International by 69.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 23,598 shares of the credit services provider’s stock valued at $317,000 after purchasing an additional 9,637 shares in the last quarter. Finally, CNA Financial Corp lifted its stake in shares of Enova International by 31.4% in the 3rd quarter. CNA Financial Corp now owns 34,457 shares of the credit services provider’s stock valued at $463,000 after purchasing an additional 8,232 shares in the last quarter. 97.24% of the stock is currently owned by institutional investors and hedge funds.
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Enova International Company Profile
Enova International, Inc is a technology and analytics company. The Company provides online financial services. As of December 31, 2016, the Company offered or arranged loans to consumers in 33 states in the United States and in the United Kingdom and Brazil. As of December 31, 2016, it also offered financing to small businesses in all 50 states and Washington DC in the United States.
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