Enova International (NYSE:ENVA) Stock Price Expected to Rise, BTIG Research Analyst Says

Enova International (NYSE:ENVA) had its target price hoisted by investment analysts at BTIG Research from $122.00 to $129.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the credit services provider’s stock. BTIG Research’s target price would indicate a potential upside of 10.87% from the company’s previous close.

Other analysts have also issued reports about the company. TD Cowen boosted their price target on Enova International from $85.00 to $96.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. StockNews.com raised Enova International from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. JMP Securities lifted their target price on Enova International from $125.00 to $135.00 and gave the company a “market outperform” rating in a research report on Wednesday. Finally, Stephens assumed coverage on Enova International in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $108.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.14.

Enova International Stock Performance

Shares of Enova International stock opened at $116.35 on Wednesday. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 18.56 and a beta of 1.50. The stock’s 50-day moving average is $103.48 and its 200-day moving average is $92.13. Enova International has a one year low of $53.40 and a one year high of $117.56. The company has a debt-to-equity ratio of 2.79, a current ratio of 15.82 and a quick ratio of 15.82.

Enova International (NYSE:ENVA) last issued its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.08. Enova International had a return on equity of 18.41% and a net margin of 7.19%. Equities analysts predict that Enova International will post 7.98 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO David Fisher sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $105.47, for a total value of $1,054,700.00. Following the transaction, the chief executive officer now owns 389,925 shares of the company’s stock, valued at approximately $41,125,389.75. This represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Enova International

Several institutional investors and hedge funds have recently made changes to their positions in ENVA. Foundry Partners LLC boosted its stake in shares of Enova International by 1.1% in the third quarter. Foundry Partners LLC now owns 122,756 shares of the credit services provider’s stock valued at $10,286,000 after buying an additional 1,328 shares during the period. BNP Paribas Financial Markets lifted its stake in Enova International by 28.6% during the third quarter. BNP Paribas Financial Markets now owns 58,066 shares of the credit services provider’s stock worth $4,865,000 after purchasing an additional 12,928 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted 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 purchasing an additional 200 shares during the last quarter. Quantbot Technologies LP lifted its stake in Enova International by 10.2% during the third quarter. Quantbot Technologies LP now owns 14,182 shares of the credit services provider’s stock worth $1,188,000 after purchasing an additional 1,311 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Enova International during the third quarter worth $772,000. Institutional investors and hedge funds own 89.43% of the company’s stock.

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.