Enova International (ENVA) Rating Reiterated by Maxim Group
Enova International (NYSE:ENVA)‘s stock had its “buy” rating reiterated by equities research analysts at Maxim Group in a report released on Monday. They presently have a $23.00 target price on the credit services provider’s stock. Maxim Group’s price objective would indicate a potential upside of 17.05% from the company’s current price.
The analysts wrote, “4Q17 results were strong, with key metrics above or toward the high end of management’s guidance range. We are raising our 2018 EPS estimate to $1.69, from $1.58, and our 2018 adjusted EBITDA estimate to $188 million, from $186 million. Importantly, we have more confidence in our estimates, due to credit quality (the most important success factor, in our view) remaining stable as loans have grown. We reiterate our Buy rating are raise our price target to $23, from $18, based on our higher estimates and increased confidence underscored by steady profitability since the formation of the company in 2011.””
Several other brokerages have also recently issued reports on ENVA. Zacks Investment Research upgraded Enova International from a “hold” rating to a “strong-buy” rating and set a $19.00 target price for the company in a report on Friday, January 12th. BidaskClub upgraded Enova International from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. ValuEngine cut Enova International from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 21st. Jefferies Group restated a “buy” rating and issued a $24.00 target price on shares of Enova International in a report on Friday, February 2nd. Finally, TheStreet upgraded Enova International from a “d+” rating to a “c” rating in a report on Monday, October 30th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Enova International presently has a consensus rating of “Buy” and an average target price of $22.40.
Enova International (NYSE:ENVA) last issued its earnings results on Thursday, February 1st. The credit services provider reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.03. The company had revenue of $243.69 million during the quarter, compared to analysts’ expectations of $230.97 million. Enova International had a return on equity of 14.11% and a net margin of 3.47%. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.25 EPS. equities research analysts anticipate that Enova International will post 1.62 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System lifted its stake in shares of Enova International by 12.3% in the 2nd quarter. California State Teachers Retirement System now owns 58,586 shares of the credit services provider’s stock valued at $870,000 after purchasing an additional 6,400 shares during the last quarter. Teachers Advisors LLC lifted its stake in shares of Enova International by 12.8% in the 2nd quarter. Teachers Advisors LLC now owns 59,185 shares of the credit services provider’s stock valued at $879,000 after purchasing an additional 6,735 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in shares of Enova International by 5.0% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 148,570 shares of the credit services provider’s stock valued at $1,998,000 after purchasing an additional 7,140 shares during the last quarter. CNA Financial Corp lifted its stake in shares of Enova International by 31.4% in the 3rd quarter. CNA Financial Corp now owns 34,457 shares of the credit services provider’s stock valued at $463,000 after purchasing an additional 8,232 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Enova International by 16.5% in the 3rd quarter. Rhumbline Advisers now owns 66,351 shares of the credit services provider’s stock valued at $892,000 after purchasing an additional 9,405 shares during the last quarter. 97.46% of the stock is currently owned by institutional investors and hedge funds.
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About Enova International
Enova International, Inc is a technology and analytics company. The Company provides online financial services. As of December 31, 2016, the Company offered or arranged loans to consumers in 33 states in the United States and in the United Kingdom and Brazil. As of December 31, 2016, it also offered financing to small businesses in all 50 states and Washington DC in the United States.
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