Analysts Set Enova International, Inc. (NYSE:ENVA) PT at $91.14

Enova International, Inc. (NYSE:ENVA) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $91.14.

Several analysts have weighed in on the stock. TD Cowen boosted their price target 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. BTIG Research raised their target price on shares of Enova International from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. StockNews.com raised shares of Enova International from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. Stephens initiated coverage on Enova International in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $108.00 target price on the stock. Finally, Janney Montgomery Scott cut Enova International from a “buy” rating to a “neutral” rating in a research note on Monday, August 26th.

Enova International Stock Performance

Shares of ENVA opened at $104.73 on Wednesday. The stock’s 50-day simple moving average is $89.39 and its 200 day simple moving average is $76.59. Enova International has a 52-week low of $39.92 and a 52-week high of $106.51. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 16.70 and a beta of 1.42. The company has a debt-to-equity ratio of 2.79, a quick ratio of 15.82 and a current ratio of 15.82.

Enova International (NYSE:ENVA) last issued its quarterly earnings results on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.14. Enova International had a return on equity of 18.41% and a net margin of 7.19%. The firm had revenue of $689.92 million during the quarter, compared to the consensus estimate of $666.33 million. During the same quarter last year, the company posted $1.33 EPS. The company’s revenue for the quarter was up 25.1% on a year-over-year basis. Research analysts forecast that Enova International will post 8.04 EPS for the current fiscal year.

Enova International declared that its Board of Directors has initiated a share buyback plan on Monday, August 12th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the credit services provider to reacquire up to 12.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In related news, CFO Steven E. Cunningham sold 2,455 shares of Enova International stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $89.75, for a total transaction of $220,336.25. Following the transaction, the chief financial officer now directly owns 127,900 shares in the company, valued at approximately $11,479,025. The trade was a 1.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Fisher sold 13,314 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $101.74, for a total value of $1,354,566.36. Following the completion of the transaction, the chief executive officer now directly owns 399,925 shares in the company, valued at $40,688,369.50. This trade represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 70,843 shares of company stock valued at $6,442,079. Corporate insiders own 7.80% of the company’s stock.

Institutional Trading of Enova International

Several institutional investors and hedge funds have recently added to or reduced their stakes in ENVA. Smith Shellnut Wilson LLC ADV bought a new stake in shares of Enova International in the 2nd quarter worth about $235,000. SG Americas Securities LLC bought a new position in shares of Enova International during the 1st quarter valued at approximately $223,000. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in 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 buying an additional 200 shares during the period. GAMMA Investing LLC increased its position in Enova International by 27.6% during the second quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock valued at $53,000 after acquiring an additional 185 shares during the last quarter. Finally, Lazard Asset Management LLC raised its stake in shares of Enova International by 21.1% in the first 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. Institutional investors 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.