Analysts Set Enova International, Inc. (NYSE:ENVA) Target Price at $76.80

Enova International, Inc. (NYSE:ENVA) has been given a consensus rating of “Moderate Buy” by the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $79.00.

Several research firms have recently issued reports on ENVA. BTIG Research began coverage on shares of Enova International in a report on Wednesday, August 14th. They set a “buy” rating and a $90.00 target price for the company. StockNews.com upgraded shares of Enova International from a “hold” rating to a “buy” rating in a report on Thursday, May 2nd. BMO Capital Markets lifted their target price on shares of Enova International from $60.00 to $62.00 and gave the company a “market perform” rating in a report on Thursday, April 25th. TD Cowen lifted their target price on shares of Enova International from $70.00 to $76.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Finally, Maxim Group lifted their target price on shares of Enova International from $70.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, April 25th.

Insider Buying and Selling

In related news, CFO Steven E. Cunningham sold 23,867 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $81.54, for a total value of $1,946,115.18. Following the completion of the transaction, the chief financial officer now directly owns 133,471 shares in the company, valued at approximately $10,883,225.34. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Enova International news, CFO Steven E. Cunningham sold 23,867 shares of Enova International stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $81.54, for a total value of $1,946,115.18. Following the completion of the sale, the chief financial officer now owns 133,471 shares of the company’s stock, valued at approximately $10,883,225.34. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Kirk Chartier sold 41,303 shares of Enova International stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $60.16, for a total transaction of $2,484,788.48. Following the completion of the sale, the insider now directly owns 117,422 shares of the company’s stock, valued at approximately $7,064,107.52. The disclosure for this sale can be found here. Insiders sold a total of 78,028 shares of company stock worth $5,495,742 in the last three months. Insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On Enova International

A number of large investors have recently added to or reduced their stakes in ENVA. Handelsbanken Fonder AB bought a new stake in Enova International in the 4th quarter worth approximately $216,000. Foundry Partners LLC grew its position in shares of Enova International by 7.3% during the 4th quarter. Foundry Partners LLC now owns 137,908 shares of the credit services provider’s stock valued at $7,635,000 after acquiring an additional 9,357 shares during the period. GAMMA Investing LLC bought a new stake in shares of Enova International during the 4th quarter valued at $37,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Enova International during the 4th quarter valued at $957,000. Finally, Orchard Capital Management LLC grew its position in shares of Enova International by 30.0% during the 4th quarter. Orchard Capital Management LLC now owns 232,326 shares of the credit services provider’s stock valued at $12,862,000 after acquiring an additional 53,647 shares during the period. Institutional investors own 89.43% of the company’s stock.

Enova International Stock Performance

Enova International stock opened at $82.68 on Monday. The stock’s 50 day simple moving average is $69.43 and its two-hundred day simple moving average is $63.79. The company has a debt-to-equity ratio of 2.78, a quick ratio of 12.07 and a current ratio of 12.07. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 14.87 and a beta of 1.45. Enova International has a fifty-two week low of $35.30 and a fifty-two week high of $88.42.

Enova International (NYSE:ENVA) last posted its quarterly earnings data on Tuesday, July 23rd. The credit services provider reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.14. The business had revenue of $628.44 million for the quarter, compared to analysts’ expectations of $622.92 million. Enova International had a return on equity of 16.53% and a net margin of 7.52%. The business’s revenue was up 25.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.57 EPS. As a group, analysts expect that Enova International will post 7.87 earnings per share for the current fiscal year.

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.