Enova International, Inc. (NYSE:ENVA) Given Consensus Recommendation of “Buy” by Analysts

Enova International, Inc. (NYSE:ENVA) has been given an average recommendation of “Buy” by the ten analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $136.50.

Several equities analysts recently issued reports on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Enova International in a report on Wednesday, October 8th. Citigroup reiterated an “outperform” rating on shares of Enova International in a research note on Friday, December 12th. Zacks Research downgraded Enova International from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 25th. BTIG Research raised their price target on Enova International from $144.00 to $199.00 and gave the company a “buy” rating in a report on Friday, December 12th. Finally, JMP Securities lifted their price objective on Enova International from $135.00 to $149.00 and gave the company a “market outperform” rating in a research report on Friday, October 24th.

Insider Transactions at Enova International

In related news, CEO David Fisher sold 6,000 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $124.25, for a total transaction of $745,500.00. Following the transaction, the chief executive officer owned 348,223 shares in the company, valued at $43,266,707.75. This represents a 1.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven E. Cunningham sold 14,874 shares of the stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $120.70, for a total transaction of $1,795,291.80. Following the sale, the chief financial officer directly owned 127,719 shares in the company, valued at approximately $15,415,683.30. This represents a 10.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 32,874 shares of company stock valued at $4,031,792 over the last ninety days. 8.40% of the stock is currently owned by company insiders.

Institutional Trading of Enova International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. bought a new position in Enova International in the 3rd quarter worth approximately $28,000. Bessemer Group Inc. boosted its position in Enova International by 174.2% in the 3rd quarter. Bessemer Group Inc. now owns 255 shares of the credit services provider’s stock valued at $30,000 after buying an additional 162 shares during the last quarter. Strs Ohio acquired a new stake in shares of Enova International in the 3rd quarter valued at $35,000. EverSource Wealth Advisors LLC raised its position in shares of Enova International by 350.0% during the second quarter. EverSource Wealth Advisors LLC now owns 450 shares of the credit services provider’s stock worth $50,000 after acquiring an additional 350 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Enova International during the first quarter worth $56,000. Institutional investors and hedge funds own 89.43% of the company’s stock.

Enova International Price Performance

Shares of ENVA stock opened at $163.75 on Thursday. The stock’s fifty day simple moving average is $126.58 and its 200 day simple moving average is $116.21. Enova International has a one year low of $79.41 and a one year high of $166.55. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of 15.05 and a beta of 1.31. The company has a debt-to-equity ratio of 3.20, a current ratio of 19.29 and a quick ratio of 19.29.

Enova International (NYSE:ENVA) last released its quarterly earnings data on Thursday, October 23rd. The credit services provider reported $3.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.03 by $0.33. Enova International had a return on equity of 24.50% and a net margin of 9.64%.The firm had revenue of $460.71 million during the quarter, compared to analyst estimates of $806.63 million. During the same period in the prior year, the company posted $2.45 earnings per share. The business’s revenue for the quarter was up 16.3% compared to the same quarter last year. On average, analysts expect that Enova International will post 10.31 earnings per share for the current fiscal year.

Enova International announced that its Board of Directors has authorized a share buyback plan on Wednesday, November 12th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the credit services provider to purchase up to 12.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

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.