Enova International (NYSE:ENVA) Upgraded to Buy by StockNews.com

StockNews.com upgraded shares of Enova International (NYSE:ENVA) from a hold rating to a buy rating in a report published on Monday.

A number of other research analysts have also weighed in on ENVA. JMP Securities raised their price objective on Enova International from $93.00 to $103.00 and gave the company a “market outperform” rating in a research report on Monday, October 14th. BTIG Research initiated coverage on Enova International in a report on Wednesday, August 14th. They set a “buy” rating and a $90.00 price target for the company. Janney Montgomery Scott cut shares of Enova International from a “buy” rating to a “neutral” rating in a research note on Monday, August 26th. Finally, TD Cowen raised their price objective on shares of Enova International from $70.00 to $76.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $88.33.

Enova International Stock Performance

Shares of Enova International stock opened at $88.42 on Monday. Enova International has a 12 month low of $35.30 and a 12 month high of $96.01. The firm has a market capitalization of $2.49 billion, a P/E ratio of 15.90 and a beta of 1.43. The company has a current ratio of 12.07, a quick ratio of 12.07 and a debt-to-equity ratio of 2.78. The business has a fifty day simple moving average of $82.98 and a two-hundred day simple moving average of $71.38.

Enova International (NYSE:ENVA) last posted its quarterly earnings data on Tuesday, October 22nd. The credit services provider reported $2.45 EPS for the quarter, topping the consensus estimate of $2.31 by $0.14. Enova International had a net margin of 7.52% and a return on equity of 16.53%. The business had revenue of $689.92 million for the quarter, compared to analyst estimates of $666.33 million. During the same quarter in the previous year, the firm posted $1.33 earnings per share. Enova International’s quarterly revenue was up 25.1% on a year-over-year basis. On average, equities analysts forecast that Enova International will post 7.74 earnings per share for the current fiscal year.

Enova International announced that its Board of Directors has approved a share repurchase program on Monday, August 12th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the credit services provider to repurchase up to 12.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In other Enova International news, Director Linda Johnson Rice sold 2,700 shares of Enova International stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $88.29, for a total value of $238,383.00. Following the completion of the sale, the director now owns 7,486 shares of the company’s stock, valued at approximately $660,938.94. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO David Fisher sold 10,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $84.45, for a total transaction of $844,500.00. Following the completion of the sale, the chief executive officer now owns 413,239 shares of the company’s stock, valued at $34,898,033.55. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Linda Johnson Rice sold 2,700 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $88.29, for a total transaction of $238,383.00. Following the completion of the transaction, the director now directly owns 7,486 shares in the company, valued at approximately $660,938.94. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,700 shares of company stock valued at $1,917,483 over the last three months. Insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ENVA. GAMMA Investing LLC increased its stake in shares of Enova International by 27.6% in the 2nd quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock worth $53,000 after purchasing an additional 185 shares in the last quarter. J.Safra Asset Management Corp raised its stake in shares of Enova International by 83.8% in the first quarter. J.Safra Asset Management Corp now owns 930 shares of the credit services provider’s stock worth $58,000 after buying an additional 424 shares during the period. USA Financial Formulas purchased a new position in shares of Enova International during the 3rd quarter valued at about $76,000. SG Americas Securities LLC purchased a new position in shares of Enova International during the 1st quarter valued at about $223,000. Finally, Lazard Asset Management LLC grew its stake in shares of Enova International by 21.1% during the 1st quarter. Lazard Asset Management LLC now owns 3,649 shares of the credit services provider’s stock valued at $228,000 after acquiring an additional 636 shares during the period. 89.43% of the stock is currently owned by institutional investors.

Enova International Company Profile

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.