Enova International (NYSE:ENVA) Receives Buy Rating from Stephens

Enova International (NYSE:ENVA)‘s stock had its “buy” rating reaffirmed by Stephens in a research report issued on Thursday, January 4th. They presently have a $22.00 price objective on the credit services provider’s stock. Stephens’ target price points to a potential upside of 32.93% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Zacks Investment Research raised shares of Enova International from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Tuesday, December 12th. Maxim Group reissued a “buy” rating and issued a $18.00 price objective on shares of Enova International in a research report on Monday, October 30th. BidaskClub raised shares of Enova International from a “hold” rating to a “buy” rating in a research report on Saturday, October 21st. ValuEngine lowered shares of Enova International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 21st. Finally, Jefferies Group reissued a “buy” rating and issued a $17.00 price objective on shares of Enova International in a research report on Thursday, October 12th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $18.20.

Shares of Enova International (NYSE ENVA) traded down $0.10 during mid-day trading on Thursday, reaching $16.55. 198,500 shares of the company’s stock were exchanged, compared to its average volume of 273,667. The firm has a market capitalization of $553.84, a PE ratio of 17.99 and a beta of 3.45. 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 has a 12-month low of $11.15 and a 12-month high of $17.50.

Enova International (NYSE:ENVA) last announced its quarterly earnings results on Thursday, October 26th. The credit services provider reported $0.25 EPS for the quarter, beating 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 net margin of 3.87% and a return on equity of 14.85%. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 earnings per share. research analysts expect 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 stock in a transaction that occurred on Wednesday, November 8th. The shares were acquired at an average cost of $13.97 per share, with a total value of $419,100.00. Following the completion of the transaction, the director now owns 22,689 shares in the company, valued at $316,965.33. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.50% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System grew its stake in Enova International by 0.8% during the second quarter. Arizona State Retirement System now owns 12,264 shares of the credit services provider’s stock worth $182,000 after buying an additional 100 shares in the last quarter. Rhumbline Advisers grew its stake in Enova International by 12.4% during the second quarter. Rhumbline Advisers now owns 56,946 shares of the credit services provider’s stock worth $846,000 after buying an additional 6,263 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Enova International by 20.8% during the second quarter. Bank of New York Mellon Corp now owns 409,616 shares of the credit services provider’s stock worth $6,083,000 after buying an additional 70,637 shares in the last quarter. Blair William & Co. IL grew its stake in Enova International by 64.9% during the second quarter. Blair William & Co. IL now owns 18,357 shares of the credit services provider’s stock worth $273,000 after buying an additional 7,224 shares in the last quarter. Finally, Tieton Capital Management LLC acquired a new stake in Enova International during the second quarter worth about $5,056,000. 97.24% of the stock is currently owned by institutional investors and hedge funds.

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About Enova International

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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