Zacks Investment Research cut shares of Enova International (NYSE:ENVA) from a buy rating to a hold rating in a research note issued to investors on Wednesday.
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 recently issued reports on the stock. ValuEngine upgraded shares of Enova International from a buy rating to a strong-buy rating in a research note on Thursday, March 1st. Maxim Group restated a buy rating and set a $27.00 target price (up previously from $23.00) on shares of Enova International in a research note on Tuesday, February 20th. JMP Securities raised their target price on shares of Enova International from $19.00 to $24.00 and gave the stock a market outperform rating in a research note on Friday, February 2nd. Jefferies Group restated a buy rating and set a $24.00 target price on shares of Enova International in a research note on Friday, February 2nd. Finally, Stephens restated a buy rating and set a $22.00 target price on shares of Enova International in a research note on Thursday, January 4th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Enova International presently has an average rating of Buy and an average price target of $23.20.
NYSE ENVA opened at $22.10 on Wednesday. The company has a quick ratio of 9.31, a current ratio of 9.31 and a debt-to-equity ratio of 2.80. The stock has a market cap of $743.62, a PE ratio of 19.73 and a beta of 2.85. Enova International has a 52-week low of $11.15 and a 52-week high of $23.65.
Enova International (NYSE:ENVA) last posted its earnings results on Thursday, February 1st. The credit services provider reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. The company had revenue of $243.69 million during the quarter, compared to analysts’ expectations of $230.97 million. Enova International had a net margin of 3.47% and a return on equity of 14.11%. Enova International’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 EPS. equities research analysts expect that Enova International will post 1.75 earnings per share for the current year.
In other Enova International news, Director Gregg A. Kaplan sold 19,222 shares of Enova International stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $23.01, for a total value of $442,298.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark Tebbe sold 5,000 shares of Enova International stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $22.49, for a total transaction of $112,450.00. The disclosure for this sale can be found here. Insiders sold a total of 49,222 shares of company stock valued at $1,056,498 in the last quarter. Corporate insiders own 1.60% of the company’s stock.
A number of institutional investors have recently modified their holdings of ENVA. New York State Common Retirement Fund raised its stake in Enova International by 38.1% in the 3rd quarter. New York State Common Retirement Fund now owns 48,886 shares of the credit services provider’s stock worth $658,000 after purchasing an additional 13,486 shares in the last quarter. Rhumbline Advisers raised its stake in Enova International by 16.5% in the 3rd quarter. Rhumbline Advisers now owns 66,351 shares of the credit services provider’s stock worth $892,000 after purchasing an additional 9,405 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Enova International by 20.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 494,130 shares of the credit services provider’s stock worth $6,646,000 after purchasing an additional 84,514 shares in the last quarter. Comerica Bank raised its stake in Enova International by 43.6% in the 3rd quarter. Comerica Bank now owns 35,466 shares of the credit services provider’s stock worth $516,000 after purchasing an additional 10,775 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Enova International by 11.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 484,120 shares of the credit services provider’s stock worth $6,511,000 after purchasing an additional 50,818 shares in the last quarter. Institutional investors and hedge funds own 94.86% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Zacks Investment Research Lowers Enova International (ENVA) to Hold” was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.dispatchtribunal.com/2018/04/08/zacks-investment-research-lowers-enova-international-enva-to-hold.html.
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.
Get a free copy of the Zacks research report on Enova International (ENVA)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Enova International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enova International and related companies with MarketBeat.com's FREE daily email newsletter.