JMP Securities Analysts Give Enova International Inc. (ENVA) a $11.50 Price Target
JMP Securities set a $11.50 price objective on Enova International Inc. (NYSE:ENVA) in a research report report published on Tuesday. The brokerage currently has a a market outperform rating on the stock.
A number of other analysts have also commented on ENVA. Macquarie initiated coverage on shares of Enova International in a research note on Thursday, May 26th. They issued a neutral rating and a $8.25 price target for the company. FBR & Co reiterated a hold rating and issued a $8.50 price target on shares of Enova International in a research note on Tuesday, June 7th. Zacks Investment Research lowered shares of Enova International from a buy rating to a hold rating in a research note on Wednesday, June 29th. Finally, Jefferies Group initiated coverage on shares of Enova International in a research note on Thursday, September 1st. They issued a buy rating and a $12.00 price target for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Enova International has an average rating of Hold and an average price target of $9.63.
Shares of Enova International (NYSE:ENVA) opened at 9.10 on Tuesday. The company’s 50-day moving average is $9.25 and its 200-day moving average is $7.57. The company has a market cap of $302.25 million, a price-to-earnings ratio of 11.36 and a beta of 3.44. Enova International has a 12-month low of $4.64 and a 12-month high of $13.66.
Enova International (NYSE:ENVA) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. The business earned $172.50 million during the quarter, compared to analyst estimates of $165.80 million. Enova International had a net margin of 3.87% and a return on equity of 12.25%. Enova International’s revenue was up 17.9% compared to the same quarter last year. During the same period last year, the business earned $0.33 EPS. Equities research analysts predict that Enova International will post $0.93 earnings per share for the current year.
In other Enova International news, major shareholder Cash America International Inc sold 21,521 shares of Enova International stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $9.29, for a total transaction of $199,930.09. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Firstcash, Inc sold 84,560 shares of Enova International stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $9.42, for a total transaction of $796,555.20. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System increased its position in shares of Enova International by 0.6% in the second quarter. California State Teachers Retirement System now owns 55,586 shares of the company’s stock valued at $409,000 after buying an additional 322 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in shares of Enova International during the second quarter valued at $1,272,000. Nationwide Fund Advisors increased its position in shares of Enova International by 46.5% in the second quarter. Nationwide Fund Advisors now owns 76,609 shares of the company’s stock valued at $564,000 after buying an additional 24,300 shares in the last quarter. Acrospire Investment Management LLC increased its position in shares of Enova International by 1,123.6% in the second quarter. Acrospire Investment Management LLC now owns 18,268 shares of the company’s stock valued at $134,000 after buying an additional 16,775 shares in the last quarter. Finally, Globeflex Capital L P purchased a new position in shares of Enova International during the second quarter valued at $885,000. 63.74% of the stock is currently owned by institutional investors and hedge funds.
About Enova International
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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