Enova International (NYSE:ENVA) Stock Price Expected to Rise, TD Cowen Analyst Says

Enova International (NYSE:ENVA) had its target price raised by TD Cowen from $175.00 to $180.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the credit services provider’s stock. TD Cowen’s price target suggests a potential upside of 9.33% from the stock’s current price.

A number of other research firms also recently commented on ENVA. Citizens Jmp increased their target price on shares of Enova International from $149.00 to $180.00 and gave the company a “market outperform” rating in a research report on Friday, December 12th. Zacks Research downgraded shares of Enova International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 25th. JMP Securities lifted their target price on Enova International from $135.00 to $149.00 and gave the stock a “market outperform” rating in a research report on Friday, October 24th. Cowen reissued a “buy” rating on shares of Enova International in a research report on Thursday. Finally, Wall Street Zen lowered Enova International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $163.67.

Enova International Stock Up 0.8%

NYSE ENVA traded up $1.35 during trading on Thursday, reaching $164.65. 54,187 shares of the company’s stock were exchanged, compared to its average volume of 277,591. Enova International has a 1 year low of $79.41 and a 1 year high of $168.68. The stock has a market cap of $4.63 billion, a P/E ratio of 15.13 and a beta of 1.27. The company has a debt-to-equity ratio of 3.20, a quick ratio of 19.29 and a current ratio of 19.29. The company has a 50 day moving average price of $141.45 and a two-hundred day moving average price of $123.20.

Enova International (NYSE:ENVA) last posted its earnings results on Thursday, October 23rd. The credit services provider reported $3.36 earnings per share for the quarter, topping the consensus estimate of $3.03 by $0.33. The firm had revenue of $460.71 million during the quarter, compared to analysts’ expectations of $806.63 million. Enova International had a return on equity of 24.50% and a net margin of 9.64%.The firm’s revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.45 earnings per share. On average, equities research analysts anticipate that Enova International will post 10.31 EPS for the current fiscal year.

Enova International declared that its board has authorized a stock repurchase plan on Wednesday, November 12th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the credit services provider to purchase up to 12.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In related news, CFO Steven E. Cunningham sold 14,874 shares of Enova International stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $120.70, for a total transaction of $1,795,291.80. Following the completion of the sale, the chief financial officer owned 127,719 shares in the company, valued at approximately $15,415,683.30. This trade represents a 10.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David Fisher sold 15,000 shares of Enova International stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $160.24, for a total transaction of $2,403,600.00. Following the sale, the chief executive officer owned 348,223 shares of the company’s stock, valued at approximately $55,799,253.52. This trade represents a 4.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 41,874 shares of company stock worth $5,680,052 in the last ninety days. Insiders own 8.40% of the company’s stock.

Hedge Funds Weigh In On Enova International

Institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System boosted its stake in Enova International by 0.4% in the 2nd quarter. California State Teachers Retirement System now owns 24,268 shares of the credit services provider’s stock worth $2,706,000 after buying an additional 105 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Enova International by 174.2% in the third quarter. Bessemer Group Inc. now owns 255 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 162 shares during the last quarter. J.Safra Asset Management Corp boosted its position in shares of Enova International by 3.3% in the third quarter. J.Safra Asset Management Corp now owns 5,503 shares of the credit services provider’s stock worth $633,000 after acquiring an additional 176 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in Enova International in the third quarter valued at approximately $28,000. Finally, Strs Ohio acquired a new position in Enova International during the third quarter worth approximately $35,000. 89.43% of the stock is currently owned by institutional investors and hedge funds.

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.