Jefferies Group Reiterates “Buy” Rating for Enova International, Inc. (ENVA)
Enova International, Inc. (NYSE:ENVA)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Group in a note issued to investors on Wednesday. They currently have a $16.00 price objective on the stock. Jefferies Group’s target price indicates a potential upside of 15.11% from the company’s previous close.
Several other brokerages have also recently commented on ENVA. Zacks Investment Research raised Enova International from a “sell” rating to a “hold” rating in a research note on Wednesday, September 28th. FBR & Co lowered their price target on Enova International from $10.00 to $9.00 and set a “mkt perform” rating for the company in a research note on Friday, October 28th. Finally, JMP Securities reissued a “buy” rating on shares of Enova International in a research note on Monday, October 10th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $10.42.
Shares of Enova International (NYSE:ENVA) traded up 1.978% during mid-day trading on Wednesday, hitting $14.175. 95,642 shares of the company were exchanged. The stock’s 50-day moving average price is $12.73 and its 200 day moving average price is $9.99. Enova International has a 12-month low of $4.64 and a 12-month high of $14.40. The stock has a market cap of $470.81 million, a PE ratio of 15.733 and a beta of 3.56.
Enova International (NYSE:ENVA) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.07. The business earned $195.94 million during the quarter, compared to analysts’ expectations of $184.70 million. Enova International had a return on equity of 13.34% and a net margin of 4.18%. The firm’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.19 EPS. On average, equities analysts anticipate that Enova International will post $0.99 EPS for the current fiscal year.
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In other Enova International news, major shareholder Firstcash, Inc sold 42,190 shares of the company’s stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $8.88, for a total transaction of $374,647.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.60% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Cornerstone Capital Management Holdings LLC. boosted its stake in Enova International by 341.3% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 193,300 shares of the company’s stock valued at $1,870,000 after buying an additional 149,500 shares in the last quarter. Matarin Capital Management LLC acquired a new stake in Enova International during the third quarter valued at $112,000. California State Teachers Retirement System boosted its stake in Enova International by 0.7% in the third quarter. California State Teachers Retirement System now owns 55,986 shares of the company’s stock valued at $542,000 after buying an additional 400 shares in the last quarter. Rhumbline Advisers boosted its stake in Enova International by 8.8% in the third quarter. Rhumbline Advisers now owns 39,636 shares of the company’s stock valued at $384,000 after buying an additional 3,206 shares in the last quarter. Finally, Teachers Advisors LLC boosted its stake in Enova International by 39.8% in the third quarter. Teachers Advisors LLC now owns 68,676 shares of the company’s stock valued at $665,000 after buying an additional 19,569 shares in the last quarter. 68.59% of the stock is owned by institutional investors.
Enova International Company Profile
Enova International, Inc (Enova) is a provider of online financial services to non-prime consumers and small businesses, providing access to credit powered by its advanced analytics, technology, and online platform and services. Enova has provided over four million customers around the globe access to more than $17 billion in loans and financing.
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