Enova International, Inc. (NYSE:ENVA)‘s stock had its “buy” rating restated by stock analysts at Maxim Group in a report issued on Tuesday. They presently have a $18.00 target price on the credit services provider’s stock. Maxim Group’s price target would indicate a potential upside of 25.00% from the company’s current price.
ENVA has been the topic of several other reports. BidaskClub raised shares of Enova International from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 6th. Jefferies Group LLC reissued a “buy” rating and set a $17.00 price target on shares of Enova International in a research report on Friday, July 14th. Finally, Zacks Investment Research cut shares of Enova International from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $15.00.
Enova International (NYSE:ENVA) traded down 0.868% during trading on Tuesday, reaching $14.275. 188,834 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $13.01 and a 200-day moving average price of $13.89. Enova International has a 12 month low of $8.68 and a 12 month high of $16.80. The firm has a market cap of $480.82 million, a PE ratio of 11.494 and a beta of 3.48.
Enova International (NYSE:ENVA) last issued its quarterly earnings results on Thursday, July 27th. The credit services provider reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. Enova International had a net margin of 5.42% and a return on equity of 15.97%. The firm had revenue of $189.90 million for the quarter, compared to analysts’ expectations of $193.70 million. During the same period in the previous year, the firm posted $0.25 EPS. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, analysts forecast that Enova International will post $1.27 earnings per share for the current fiscal year.
Enova International announced that its Board of Directors has approved a stock repurchase program on Friday, September 15th that allows the company to buyback $25.00 million in outstanding shares. This buyback authorization allows 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.
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Several institutional investors have recently added to or reduced their stakes in ENVA. Blair William & Co. IL acquired a new position in shares of Enova International during the 1st quarter worth about $165,000. Tudor Investment Corp ET AL acquired a new position in shares of Enova International during the 2nd quarter worth about $175,000. Arizona State Retirement System increased its stake in shares of Enova International by 1.7% during the 1st quarter. Arizona State Retirement System now owns 12,164 shares of the credit services provider’s stock worth $181,000 after purchasing an additional 200 shares during the last quarter. Affinity Investment Advisors LLC increased its stake in shares of 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 during the last quarter. Finally, Comerica Bank increased its stake in shares of 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 during the last quarter. Institutional investors own 95.32% of the company’s stock.
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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