Enova International (NYSE:ENVA) Price Target Increased to $96.00 by Analysts at TD Cowen

Enova International (NYSE:ENVA) had its price objective boosted by TD Cowen from $85.00 to $96.00 in a research note released on Wednesday morning, Benzinga reports. The brokerage currently has a hold rating on the credit services provider’s stock.

Other research analysts also recently issued reports about the company. Janney Montgomery Scott downgraded Enova International from a “buy” rating to a “neutral” rating in a report on Monday, August 26th. JMP Securities boosted 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. StockNews.com raised shares of Enova International from a “hold” rating to a “buy” rating in a research report on Monday. Finally, BTIG Research lifted their price objective on shares of Enova International from $90.00 to $110.00 and gave the stock 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 company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $88.33.

Enova International Stock Down 1.9 %

NYSE:ENVA opened at $88.17 on Wednesday. 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 has a 1-year low of $35.30 and a 1-year high of $96.01. The company has a 50-day moving average of $82.98 and a 200 day moving average of $71.38. The firm has a market cap of $2.49 billion, a PE ratio of 15.86 and a beta of 1.43.

Enova International (NYSE:ENVA) last announced its quarterly earnings results on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.14. The firm had revenue of $689.92 million during 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 revenue was up 25.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.33 EPS. As a group, research analysts anticipate that Enova International will post 7.74 EPS for the current fiscal year.

Enova International announced that its board 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 generally a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other Enova International news, CEO David Fisher sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $84.45, for a total transaction of $844,500.00. Following the transaction, the chief executive officer now owns 413,239 shares in the company, valued at approximately $34,898,033.55. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Linda Johnson Rice sold 2,700 shares of Enova International stock in a transaction dated 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 sale, the director now owns 7,486 shares of the company’s stock, valued at $660,938.94. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David Fisher sold 10,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $84.45, for a total transaction of $844,500.00. Following the completion of the transaction, the chief executive officer now owns 413,239 shares in the company, valued at approximately $34,898,033.55. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 56,725 shares of company stock worth $4,690,053 in the last three months. Corporate insiders own 7.80% of the company’s stock.

Institutional Trading of Enova International

Several institutional investors and hedge funds have recently bought and sold shares of the business. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Enova International by 1.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 20,250 shares of the credit services provider’s stock worth $1,694,000 after purchasing an additional 200 shares during the last quarter. USA Financial Formulas acquired a new stake in Enova International during the 3rd quarter worth about $76,000. GAMMA Investing LLC raised its stake in shares of Enova International by 24.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,065 shares of the credit services provider’s stock valued at $89,000 after buying an additional 210 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Enova International during the 3rd quarter valued at about $772,000. Finally, Smith Shellnut Wilson LLC ADV acquired a new position in shares of Enova International in the 2nd quarter valued at about $235,000. 89.43% of the stock is currently owned by institutional investors and hedge funds.

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.