Enova International (NYSE:ENVA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “Enova International, Inc. is a provider of online financial services. It offers loans to customers in the United States and in the United Kingdom, Australia and Canada. The Company’s customers include consumers who have bank accounts but use alternative financial credit services because of their limited access to more traditional consumer credit from banks, thrifts, credit card companies and other lenders. Enova International, Inc is headquartered in Chicago. “

Several other research firms have also commented on ENVA. Maxim Group reaffirmed a “buy” rating and set a $32.00 price target on shares of Enova International in a research report on Friday, July 13th. Stephens set a $45.00 price target on shares of Enova International and gave the company a “buy” rating in a research report on Friday, July 27th. ValuEngine lowered shares of Enova International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 31st. Finally, TheStreet lowered shares of Enova International from a “b-” rating to a “c” rating in a report on Monday, July 30th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $35.80.

NYSE ENVA opened at $28.85 on Wednesday. Enova International has a 52 week low of $12.70 and a 52 week high of $39.00. The stock has a market cap of $1.06 billion, a PE ratio of 25.04 and a beta of 2.64. The company has a quick ratio of 9.86, a current ratio of 9.86 and a debt-to-equity ratio of 2.29.

Enova International (NYSE:ENVA) last released its quarterly earnings results on Thursday, July 26th. The credit services provider reported $0.53 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. Enova International had a net margin of 5.12% and a return on equity of 21.44%. The firm had revenue of $253.30 million during the quarter, compared to analyst estimates of $239.45 million. During the same quarter in the prior year, the firm earned $0.41 EPS. The business’s revenue for the quarter was up 33.4% compared to the same quarter last year. sell-side analysts forecast that Enova International will post 2.22 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc boosted its stake in Enova International by 2.8% in the 1st quarter. Legal & General Group Plc now owns 62,471 shares of the credit services provider’s stock worth $1,376,000 after purchasing an additional 1,710 shares during the period. Rhumbline Advisers boosted its stake in Enova International by 2.9% in the 1st quarter. Rhumbline Advisers now owns 79,196 shares of the credit services provider’s stock worth $1,746,000 after purchasing an additional 2,209 shares during the period. Alps Advisors Inc. boosted its stake in Enova International by 8.4% in the 2nd quarter. Alps Advisors Inc. now owns 29,755 shares of the credit services provider’s stock worth $1,088,000 after purchasing an additional 2,315 shares during the period. MetLife Investment Advisors LLC boosted its stake in Enova International by 18.0% in the 1st quarter. MetLife Investment Advisors LLC now owns 15,391 shares of the credit services provider’s stock worth $339,000 after purchasing an additional 2,343 shares during the period. Finally, Meeder Asset Management Inc. boosted its stake in Enova International by 146.8% in the 2nd quarter. Meeder Asset Management Inc. now owns 4,216 shares of the credit services provider’s stock worth $154,000 after purchasing an additional 2,508 shares during the period. 92.55% of the stock is owned by institutional investors.

Enova International Company Profile

Enova International, Inc, a technology and analytics company, provides online financial services. The company offers short-term consumer loans; line of credit accounts; installment loans; receivables purchase agreements; CSO programs, including credit-related services, such as arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs comprising technology, loan servicing, and marketing services to the bank, as well as Enova Decisions, an analytics as a service that enables companies to take decisions about their customers through existing tools and technologies.

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