Enova International (NYSE:ENVA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The brokerage presently has a $17.00 price objective on the credit services provider’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 12.21% from the stock’s previous close.

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. “

A number of other research firms also recently commented on ENVA. Maxim Group reiterated a “buy” rating and issued a $18.00 price target on shares of Enova International in a research note on Monday, October 9th. BidaskClub upgraded Enova International from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 6th. ValuEngine downgraded Enova International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 21st. TheStreet upgraded Enova International from a “d+” rating to a “c” rating in a research note on Monday, October 30th. Finally, Jefferies Group reiterated a “buy” rating and issued a $17.00 price target on shares of Enova International in a research note on Thursday, October 12th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $16.75.

Shares of Enova International (NYSE ENVA) traded down $0.05 during trading on Tuesday, hitting $15.15. The stock had a trading volume of 121,885 shares, compared to its average volume of 283,046. The company has a quick ratio of 8.14, a current ratio of 8.14 and a debt-to-equity ratio of 2.79. The firm has a market capitalization of $513.68, a P/E ratio of 13.47 and a beta of 3.45. Enova International has a 12 month low of $11.15 and a 12 month high of $16.80.

Enova International (NYSE:ENVA) last announced its earnings results on Thursday, October 26th. The credit services provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.09. The company had revenue of $217.88 million during the quarter, compared to the consensus estimate of $210.27 million. Enova International had a return on equity of 14.85% and a net margin of 3.87%. The company’s revenue was up 11.2% on a year-over-year basis. During the same period last year, the firm earned $0.28 earnings per share. sell-side analysts expect that Enova International will post 1.11 earnings per share for the current year.

Enova International declared that its Board of Directors has approved a share buyback plan on Friday, September 15th that authorizes the company to repurchase $25.00 million in shares. This repurchase authorization authorizes the credit services provider to purchase up to 63% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

In related news, Director Mark Mcgowan bought 30,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was bought at an average cost of $13.97 per share, for a total transaction of $419,100.00. Following the completion of the purchase, the director now directly owns 22,689 shares in the company, valued at approximately $316,965.33. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.50% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Arizona State Retirement System boosted its stake in Enova International by 0.8% in the second quarter. Arizona State Retirement System now owns 12,264 shares of the credit services provider’s stock valued at $182,000 after acquiring an additional 100 shares during the period. Burney Co. boosted its stake in Enova International by 1.1% in the second quarter. Burney Co. now owns 34,232 shares of the credit services provider’s stock valued at $513,000 after acquiring an additional 377 shares during the period. Thrivent Financial For Lutherans boosted its stake in Enova International by 2.6% in the second quarter. Thrivent Financial For Lutherans now owns 124,417 shares of the credit services provider’s stock valued at $1,847,000 after acquiring an additional 3,170 shares during the period. Rhumbline Advisers boosted its stake in Enova International by 12.4% in the second quarter. Rhumbline Advisers now owns 56,946 shares of the credit services provider’s stock valued at $846,000 after acquiring an additional 6,263 shares during the period. Finally, California State Teachers Retirement System boosted its stake in Enova International by 12.3% in the second quarter. California State Teachers Retirement System now owns 58,586 shares of the credit services provider’s stock valued at $870,000 after acquiring an additional 6,400 shares during the period. Institutional investors own 97.34% of the company’s stock.

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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.

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