Enova International, Inc. (ENVA) Upgraded to “Hold” by BidaskClub
BidaskClub upgraded shares of Enova International, Inc. (NYSE:ENVA) from a sell rating to a hold rating in a research report released on Wednesday.
ENVA has been the subject of a number of other reports. Jefferies Group LLC reaffirmed a buy rating and issued a $17.00 price objective on shares of Enova International in a research note on Friday, July 14th. Maxim Group began coverage on Enova International in a research note on Wednesday, July 12th. They issued a buy rating and a $18.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $15.00.
Shares of Enova International (NYSE:ENVA) traded up 1.07% during trading on Wednesday, reaching $14.20. The company’s stock had a trading volume of 92,137 shares. Enova International has a 1-year low of $8.68 and a 1-year high of $16.80. The stock has a 50 day moving average of $12.82 and a 200-day moving average of $13.89. The company has a market capitalization of $478.30 million, a PE ratio of 11.43 and a beta of 3.48.
Enova International (NYSE:ENVA) last posted its earnings results on Thursday, July 27th. The credit services provider reported $0.35 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.35. Enova International had a return on equity of 15.97% and a net margin of 5.42%. The company had revenue of $189.90 million for the quarter, compared to the consensus estimate of $193.70 million. During the same quarter in the previous year, the business earned $0.25 earnings per share. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, analysts expect that Enova International will post $1.27 earnings per share for the current year.
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Enova International declared that its board has approved a stock buyback program on Friday, September 15th that authorizes the company to buyback $25.00 million in shares. This buyback authorization authorizes the credit services provider to repurchase up to 63% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Arizona State Retirement System grew its stake in Enova International by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 12,264 shares of the credit services provider’s stock worth $182,000 after purchasing an additional 100 shares in the last quarter. Affinity Investment Advisors LLC grew its stake in Enova International by 0.7% during the 2nd quarter. Affinity Investment Advisors LLC now owns 15,279 shares of the credit services provider’s stock worth $227,000 after purchasing an additional 104 shares in the last quarter. Burney Co. grew its stake in Enova International by 1.1% during the 2nd quarter. Burney Co. now owns 34,232 shares of the credit services provider’s stock worth $513,000 after purchasing an additional 377 shares in the last quarter. Thrivent Financial For Lutherans grew its stake in Enova International by 0.4% during the 1st quarter. Thrivent Financial For Lutherans now owns 121,247 shares of the credit services provider’s stock worth $1,800,000 after purchasing an additional 480 shares in the last quarter. Finally, Comerica Bank grew its stake in Enova International by 3.8% during the 1st quarter. Comerica Bank now owns 25,811 shares of the credit services provider’s stock worth $374,000 after purchasing an additional 935 shares in the last quarter. 95.32% of the stock is owned by hedge funds and other institutional investors.
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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