Enova International (ENVA) Receives “Buy” Rating from Maxim Group

Maxim Group reissued their buy rating on shares of Enova International (NYSE:ENVA) in a report published on Tuesday, MarketBeat Ratings reports. Maxim Group currently has a $27.00 target price on the credit services provider’s stock, up from their previous target price of $23.00.

“With positive stock price performance since reporting 4Q17 results on February 1, ENVA shares are approaching our previous price target of $23. We are raising our price target to $27, based on earnings momentum and increased confidence in our estimates. For more in depth views on the sector, please see our Industry report from this morning; fintech Lending’s Dirty Little Secrets: Not So Dirty.”,” Maxim Group’s analyst wrote.

A number of other brokerages also recently commented on ENVA. Zacks Investment Research raised shares of Enova International from a hold rating to a strong-buy rating and set a $19.00 price target for the company in a report on Friday, January 12th. Jefferies Group reaffirmed a buy rating and issued a $24.00 price target on shares of Enova International in a report on Friday, February 2nd. TheStreet raised shares of Enova International from a d+ rating to a c rating in a report on Monday, October 30th. Stephens reaffirmed a buy rating and issued a $22.00 price target on shares of Enova International in a report on Thursday, January 4th. Finally, JMP Securities increased their price target on shares of Enova International from $19.00 to $24.00 and gave the company a market outperform rating in a report on Friday, February 2nd. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $23.20.

Enova International (ENVA) opened at $22.55 on Tuesday. The company has a debt-to-equity ratio of 2.80, a current ratio of 9.31 and a quick ratio of 8.14. Enova International has a 1-year low of $11.15 and a 1-year high of $23.25. The company has a market cap of $768.93, a PE ratio of 26.22 and a beta of 3.46.

Enova International (NYSE:ENVA) last announced its quarterly earnings results on Thursday, February 1st. The credit services provider reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.03. Enova International had a net margin of 3.47% and a return on equity of 14.11%. The firm had revenue of $243.69 million during the quarter, compared to the consensus estimate of $230.97 million. During the same quarter last year, the firm earned $0.25 EPS. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. research analysts expect that Enova International will post 1.75 earnings per share for the current year.

In other Enova International news, Director James A. Gray sold 25,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $20.07, for a total value of $501,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.50% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hartford Investment Management Co. bought a new stake in Enova International in the third quarter worth about $178,000. MetLife Investment Advisors LLC bought a new stake in Enova International in the fourth quarter worth about $198,000. Crossmark Global Holdings Inc. bought a new stake in Enova International in the third quarter worth about $228,000. SG Americas Securities LLC bought a new stake in Enova International in the fourth quarter worth about $236,000. Finally, Public Employees Retirement System of Ohio lifted its stake in Enova International by 69.0% in the third quarter. Public Employees Retirement System of Ohio now owns 23,598 shares of the credit services provider’s stock worth $317,000 after purchasing an additional 9,637 shares during the last quarter. 97.56% of the stock is 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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