Enova International (NYSE:ENVA) Price Target Raised to $109.00

Enova International (NYSE:ENVA) had its target price raised by JMP Securities from $103.00 to $109.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “market outperform” rating on the credit services provider’s stock. JMP Securities’ price objective indicates a potential upside of 21.11% from the stock’s previous close.

Several other research analysts have also commented on ENVA. Janney Montgomery Scott lowered Enova International from a “buy” rating to a “neutral” rating in a research report on Monday, August 26th. TD Cowen boosted their target price 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. StockNews.com raised shares of Enova International from a “hold” rating to a “buy” rating in a report on Monday. Finally, BTIG Research boosted their price objective on Enova International from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $85.00.

Enova International Price Performance

Shares of ENVA stock opened at $90.00 on Wednesday. The firm has a fifty day moving average of $82.82 and a two-hundred day moving average of $71.26. The firm has a market cap of $2.54 billion, a P/E ratio of 16.19 and a beta of 1.43. Enova International has a 1-year low of $35.30 and a 1-year high of $90.20. The company has a debt-to-equity ratio of 2.78, a current ratio of 12.07 and a quick ratio of 12.07.

Enova International (NYSE:ENVA) last issued its quarterly earnings results 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. The business had revenue of $689.92 million for the quarter, compared to analysts’ expectations of $666.33 million. Enova International had a net margin of 7.52% and a return on equity of 16.53%. The company’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.33 earnings per share. As a group, research analysts anticipate that Enova International will post 7.74 earnings per share for the current fiscal year.

Enova International announced that its Board of Directors has authorized a share buyback plan on Monday, August 12th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the credit services provider to repurchase up to 12.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Insider Activity

In related news, General Counsel Sean Rahilly sold 10,158 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $81.36, for a total transaction of $826,454.88. Following the completion of the sale, the general counsel now directly owns 101,949 shares of the company’s stock, valued at $8,294,570.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, General Counsel Sean Rahilly sold 10,158 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $81.36, for a total transaction of $826,454.88. Following the sale, the general counsel now directly owns 101,949 shares of the company’s stock, valued at $8,294,570.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Linda Johnson Rice sold 2,700 shares of the stock in a transaction 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 transaction, the director now owns 7,486 shares of the company’s stock, valued at $660,938.94. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,725 shares of company stock worth $4,690,053. Corporate insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On Enova International

A number of large investors have recently made changes to their positions in ENVA. BNP Paribas Financial Markets grew its position in Enova International by 172.5% during the 1st quarter. BNP Paribas Financial Markets now owns 51,781 shares of the credit services provider’s stock worth $3,253,000 after purchasing an additional 32,779 shares in the last quarter. Foundry Partners LLC grew its holdings in shares of Enova International by 11.3% during the first quarter. Foundry Partners LLC now owns 153,427 shares of the credit services provider’s stock valued at $9,640,000 after buying an additional 15,519 shares in the last quarter. SG Americas Securities LLC acquired a new position in Enova International during the third quarter valued at $772,000. Smith Shellnut Wilson LLC ADV purchased a new stake in Enova International in the 2nd quarter worth about $235,000. Finally, Summit Global Investments lifted its stake in Enova International by 7.5% in the 2nd quarter. Summit Global Investments now owns 25,464 shares of the credit services provider’s stock worth $1,585,000 after acquiring an additional 1,785 shares in the last quarter. Institutional investors and hedge funds own 89.43% of the company’s stock.

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.