Enova International (ENVA) Stock Rating Reaffirmed by Maxim Group
Enova International (NYSE:ENVA)‘s stock had its “buy” rating restated by stock analysts at Maxim Group in a note issued to investors on Tuesday, Marketbeat reports. They currently have a $27.00 target price on the credit services provider’s stock, up from their prior target price of $23.00. Maxim Group’s price objective would indicate a potential upside of 20.81% from the stock’s current price.
The analysts wrote, “With positive stock price performance since reporting 4Q17 results on February 1, ENVA shares are approaching our previous price target of $23. We are raising our price target to $27, based on earnings momentum and increased confidence in our estimates. For more in depth views on the sector, please see our Industry report from this morning; fintech Lending’s Dirty Little Secrets: Not So Dirty.””
Several other research firms have also recently weighed in on ENVA. Jefferies Group reaffirmed a “buy” rating and set a $24.00 target price on shares of Enova International in a research note on Friday, February 2nd. TheStreet raised Enova International from a “d+” rating to a “c” rating in a research note on Monday, October 30th. Zacks Investment Research raised Enova International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 31st. JMP Securities lifted their target price on Enova International from $19.00 to $24.00 and gave the company a “market outperform” rating in a research note on Friday, February 2nd. Finally, Stephens reaffirmed a “buy” rating and set a $22.00 target price on shares of Enova International in a research note on Thursday, January 4th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Enova International has a consensus rating of “Buy” and a consensus target price of $23.20.
Enova International (NYSE:ENVA) last posted its quarterly earnings data on Thursday, February 1st. The credit services provider reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.03. The firm had revenue of $243.69 million for the quarter, compared to the consensus estimate of $230.97 million. Enova International had a return on equity of 14.11% and a net margin of 3.47%. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.25 EPS. equities analysts expect that Enova International will post 1.75 earnings per share for the current year.
In other Enova International news, Director James A. Gray sold 25,000 shares of Enova International stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $20.07, for a total transaction of $501,750.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 4.50% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. MetLife Investment Advisors LLC bought a new stake in shares of Enova International in the 4th quarter valued at approximately $198,000. Hartford Investment Management Co. bought a new stake in shares of Enova International in the 3rd quarter valued at approximately $178,000. SG Americas Securities LLC bought a new stake in shares of Enova International in the 4th quarter valued at approximately $236,000. Crossmark Global Holdings Inc. bought a new stake in shares of Enova International in the 3rd quarter valued at approximately $228,000. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Enova International by 69.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 23,598 shares of the credit services provider’s stock valued at $317,000 after buying an additional 9,637 shares in the last quarter. 97.56% of the stock is owned by institutional investors and hedge funds.
WARNING: This article was first posted by Watch List News and is owned by of Watch List News. If you are reading this article on another publication, it was stolen and reposted in violation of US & international copyright and trademark laws. The original version of this article can be accessed at https://www.watchlistnews.com/enova-international-enva-stock-rating-reaffirmed-by-maxim-group/1881337.html.
Enova International Company Profile
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.
Receive News & Ratings for Enova International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enova International and related companies with MarketBeat.com's FREE daily email newsletter.