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

Enova International (NYSE:ENVA) had its target price hoisted by equities researchers at Stephens from $115.00 to $136.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the credit services provider’s stock. Stephens’ target price suggests a potential upside of 16.89% from the stock’s previous close.

A number of other brokerages also recently commented on ENVA. StockNews.com raised Enova International from a “hold” rating to a “buy” rating in a report on Monday, October 21st. JMP Securities upped their price objective on Enova International from $125.00 to $135.00 and gave the company a “market outperform” rating in a research note on Wednesday. TD Cowen upped their price objective on Enova International from $85.00 to $96.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Finally, BTIG Research upped their price objective on Enova International from $122.00 to $129.00 and gave the company a “buy” rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Enova International presently has an average rating of “Moderate Buy” and a consensus price target of $110.14.

Enova International Trading Up 1.4 %

Shares of ENVA opened at $116.35 on Wednesday. The company has a market capitalization of $3.05 billion, a P/E ratio of 18.56 and a beta of 1.50. 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 quick ratio of 15.82 and a current ratio of 15.82. The stock has a 50-day moving average price of $103.48 and a 200 day moving average price of $92.13.

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%. Sell-side analysts forecast that Enova International will post 7.98 EPS for the current fiscal year.

Insider Transactions at Enova International

In related news, CEO David Fisher sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $105.59, for a total value of $1,055,900.00. Following the sale, the chief executive officer now directly owns 369,905 shares in the company, valued at $39,058,268.95. This trade represents a 2.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Enova International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. USA Financial Formulas bought a new position in Enova International during the 3rd quarter valued at $76,000. GAMMA Investing LLC boosted its stake in 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 purchasing an additional 210 shares in the last quarter. Longboard Asset Management LP bought a new position in Enova International during the 4th quarter valued at $202,000. Crossmark Global Holdings Inc. bought a new position in Enova International during the 4th quarter valued at $206,000. Finally, F M Investments LLC bought a new position in Enova International during the 3rd quarter valued at $242,000. 89.43% of the stock is owned by institutional investors.

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.