Enova International, Inc. (NYSE:ENVA) Receives $188.00 Consensus Target Price from Analysts

Enova International, Inc. (NYSE:ENVA) has earned a consensus recommendation of “Buy” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $188.00.

Several analysts have recently weighed in on the company. Wall Street Zen downgraded Enova International from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 15th. Weiss Ratings restated a “buy (b-)” rating on shares of Enova International in a research note on Thursday, January 22nd. BTIG Research reaffirmed a “buy” rating and set a $199.00 price target on shares of Enova International in a research report on Wednesday, January 28th. Maxim Group set a $191.00 price objective on Enova International in a research note on Thursday, January 29th. Finally, Citigroup reissued an “outperform” rating on shares of Enova International in a report on Wednesday, January 28th.

Insider Activity

In other Enova International news, CEO Steven E. Cunningham sold 11,436 shares of Enova International stock in a transaction on Friday, January 30th. The shares were sold at an average price of $165.13, for a total value of $1,888,426.68. Following the transaction, the chief executive officer directly owned 127,719 shares in the company, valued at approximately $21,090,238.47. The trade was a 8.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark Tebbe sold 20,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $172.24, for a total transaction of $3,444,800.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 119,019 shares of company stock worth $19,748,101 over the last 90 days. 8.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Enova International

Several institutional investors have recently added to or reduced their stakes in ENVA. Police & Firemen s Retirement System of New Jersey raised its stake in Enova International by 6.1% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 5,754 shares of the credit services provider’s stock valued at $642,000 after acquiring an additional 331 shares during the last quarter. Hillsdale Investment Management Inc. grew its stake in shares of Enova International by 33.9% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 52,480 shares of the credit services provider’s stock valued at $5,853,000 after purchasing an additional 13,300 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Enova International by 2.4% in the second quarter. Russell Investments Group Ltd. now owns 65,255 shares of the credit services provider’s stock valued at $7,277,000 after purchasing an additional 1,531 shares during the period. Loomis Sayles & Co. L P acquired a new position in shares of Enova International in the second quarter valued at approximately $11,152,000. Finally, New York State Common Retirement Fund raised its stake in shares of Enova International by 51.9% during the second quarter. New York State Common Retirement Fund now owns 32,719 shares of the credit services provider’s stock worth $3,649,000 after purchasing an additional 11,180 shares during the last quarter. Institutional investors and hedge funds own 89.43% of the company’s stock.

Enova International Trading Down 3.0%

NYSE ENVA opened at $129.99 on Friday. The firm’s fifty day moving average price is $147.18 and its 200 day moving average price is $137.79. Enova International has a 12 month low of $79.41 and a 12 month high of $176.68. The company has a debt-to-equity ratio of 3.37, a current ratio of 9.48 and a quick ratio of 9.48. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 11.22 and a beta of 1.24.

Enova International (NYSE:ENVA) last announced its quarterly earnings results on Tuesday, January 27th. The credit services provider reported $3.46 earnings per share for the quarter, beating analysts’ consensus estimates of $3.17 by $0.29. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $838.59 million. Enova International had a net margin of 9.78% and a return on equity of 25.31%. Enova International’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.61 earnings per share. On average, sell-side analysts expect that Enova International will post 10.31 earnings per share for the current fiscal year.

About Enova International

Enova International, Inc (NYSE: ENVA) is a Chicago-based financial services company specializing in online lending solutions. Since its founding in 2004, Enova has leveraged proprietary data analytics and technology platforms to underwrite and deliver short-term consumer loans, lines of credit and installment loans. Through its flagship consumer brand NetCredit, Enova provides flexible credit options designed to serve a wide range of borrowers, including those with limited or non-traditional credit histories.

In addition to its U.S.