Enova International (NYSE:ENVA) Given Buy Rating at BTIG Research
by Michael Walen · The Markets DailyEnova International (NYSE:ENVA – Get Free Report)‘s stock had its “buy” rating reiterated by BTIG Research in a report issued on Thursday,Benzinga reports. They currently have a $199.00 price target on the credit services provider’s stock. BTIG Research’s price objective points to a potential upside of 17.79% from the company’s previous close.
A number of other brokerages also recently weighed in on ENVA. Citigroup reissued an “outperform” rating on shares of Enova International in a report on Friday. Weiss Ratings reissued a “buy (b-)” rating on shares of Enova International in a report on Tuesday. Zacks Research raised shares of Enova International from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. Maxim Group set a $191.00 price target on shares of Enova International in a report on Thursday, January 29th. Finally, Citizens Jmp upped their price target on shares of Enova International from $180.00 to $182.00 and gave the company a “market outperform” rating in a report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $188.00.
Read Our Latest Stock Analysis on Enova International
Enova International Price Performance
Shares of NYSE ENVA opened at $168.95 on Thursday. Enova International has a twelve month low of $89.00 and a twelve month high of $176.68. The company has a current ratio of 9.48, a quick ratio of 9.48 and a debt-to-equity ratio of 3.37. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 14.59 and a beta of 1.20. The firm has a 50-day moving average of $143.60 and a two-hundred day moving average of $141.69.
Enova International (NYSE:ENVA – Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The credit services provider reported $3.87 earnings per share for the quarter, beating analysts’ consensus estimates of $3.66 by $0.21. Enova International had a net margin of 9.78% and a return on equity of 25.31%. The company had revenue of $875.14 million during the quarter, compared to the consensus estimate of $854.52 million. During the same period in the prior year, the company earned $2.98 EPS. Enova International’s revenue was up 17.4% on a year-over-year basis. As a group, analysts expect that Enova International will post 14.7 earnings per share for the current fiscal year.
Insider Activity at Enova International
In other Enova International news, Chairman David Fisher sold 7,143 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $149.49, for a total transaction of $1,067,807.07. Following the completion of the sale, the chairman directly owned 326,444 shares of the company’s stock, valued at approximately $48,800,113.56. This represents a 2.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James A. Gray sold 19,999 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $172.04, for a total transaction of $3,440,627.96. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 119,019 shares of company stock valued at $19,748,101. Corporate insiders own 8.40% of the company’s stock.
Institutional Trading of Enova International
A number of hedge funds have recently bought and sold shares of ENVA. SG Americas Securities LLC lifted its stake in Enova International by 2,933.1% during the fourth quarter. SG Americas Securities LLC now owns 138,975 shares of the credit services provider’s stock valued at $21,847,000 after buying an additional 134,393 shares in the last quarter. Informed Momentum Co LLC purchased a new stake in Enova International during the fourth quarter valued at about $6,243,000. Marshall Wace LLP purchased a new stake in Enova International during the fourth quarter valued at about $4,412,000. Geode Capital Management LLC lifted its stake in Enova International by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 611,208 shares of the credit services provider’s stock valued at $96,095,000 after buying an additional 18,258 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in shares of Enova International by 8,356.1% in the third quarter. Harbor Capital Advisors Inc. now owns 16,574 shares of the credit services provider’s stock worth $1,908,000 after purchasing an additional 16,378 shares in the last quarter. 89.43% of the stock is owned by hedge funds and other institutional investors.
Enova International Company Profile
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.