Enova International, Inc. (NYSE:ENVA) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Enova International, Inc. (NYSE:ENVA) have earned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $91.14.

Several brokerages have recently issued reports on ENVA. Janney Montgomery Scott cut Enova International from a “buy” rating to a “neutral” rating in a research note on Monday, August 26th. BTIG Research lifted their price objective on shares of Enova International from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. TD Cowen increased their price objective on shares of Enova International from $85.00 to $96.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. JMP Securities raised their target price on shares of Enova International from $103.00 to $109.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 23rd. Finally, StockNews.com raised shares of Enova International from a “hold” rating to a “buy” rating in a report on Monday, October 21st.

Enova International Stock Up 0.3 %

ENVA stock opened at $100.29 on Wednesday. The company has a quick ratio of 15.82, a current ratio of 15.82 and a debt-to-equity ratio of 2.79. Enova International has a 52 week low of $39.87 and a 52 week high of $106.51. The stock has a market capitalization of $2.63 billion, a PE ratio of 16.00 and a beta of 1.42. The firm has a 50 day moving average of $87.91 and a 200 day moving average of $75.96.

Enova International (NYSE:ENVA) last announced its quarterly earnings data on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.14. The firm had revenue of $689.92 million for the quarter, compared to analyst estimates of $666.33 million. Enova International had a net margin of 7.19% and a return on equity of 18.41%. The business’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.33 earnings per share. Sell-side analysts forecast that Enova International will post 8.04 earnings per share for the current year.

Enova International declared that its board has approved a share repurchase plan on Monday, August 12th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the credit services provider to repurchase up to 12.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other Enova International news, CEO David Fisher sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $84.45, for a total value of $844,500.00. Following the sale, the chief executive officer now owns 413,239 shares of the company’s stock, valued at $34,898,033.55. The trade was a 2.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO James Joseph Lee sold 615 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $89.59, for a total value of $55,097.85. Following the transaction, the chief accounting officer now owns 20,646 shares in the company, valued at $1,849,675.14. This trade represents a 2.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 80,843 shares of company stock worth $7,286,579. Company insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On Enova International

Several institutional investors and hedge funds have recently modified their holdings of the company. Smith Shellnut Wilson LLC ADV purchased a new stake in Enova International during the second quarter worth about $235,000. SG Americas Securities LLC purchased a new stake in Enova International during the 1st quarter worth approximately $223,000. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Enova International by 1.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 20,250 shares of the credit services provider’s stock worth $1,694,000 after buying an additional 200 shares in the last quarter. GAMMA Investing LLC boosted its position in Enova International by 27.6% in the 2nd quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock valued at $53,000 after buying an additional 185 shares during the period. Finally, Lazard Asset Management LLC increased its position in shares of Enova International by 21.1% during the first quarter. Lazard Asset Management LLC now owns 3,649 shares of the credit services provider’s stock worth $228,000 after acquiring an additional 636 shares during the period. Hedge funds and other institutional investors own 89.43% of the company’s stock.

About Enova International

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.