Enova International’s (ENVA) Buy Rating Reiterated at Maxim Group

Enova International (NYSE:ENVA)‘s stock had its “buy” rating reaffirmed by research analysts at Maxim Group in a research report issued on Monday. They currently have a $23.00 price objective on the credit services provider’s stock. Maxim Group’s price objective indicates a potential upside of 13.58% from the company’s previous close.

The analysts wrote, “4Q17 results were strong, with key metrics above or toward the high end of management’s guidance range. We are raising our 2018 EPS estimate to $1.69, from $1.58, and our 2018 adjusted EBITDA estimate to $188 million, from $186 million. Importantly, we have more confidence in our estimates, due to credit quality (the most important success factor, in our view) remaining stable as loans have grown. We reiterate our Buy rating are raise our price target to $23, from $18, based on our higher estimates and increased confidence underscored by steady profitability since the formation of the company in 2011.””

Several other research firms have also recently commented on ENVA. Zacks Investment Research raised shares of Enova International from a “hold” rating to a “strong-buy” rating and set a $19.00 price target on the stock in a research note on Friday, January 12th. Stephens reissued a “buy” rating and set a $22.00 price target on shares of Enova International in a research note on Thursday, January 4th. ValuEngine cut shares of Enova International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 21st. TheStreet raised shares of Enova International from a “d+” rating to a “c” rating in a research note on Monday, October 30th. Finally, BidaskClub raised shares of Enova International from a “hold” rating to a “buy” rating in a research note on Saturday, October 21st. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $22.40.

Shares of Enova International (ENVA) opened at $20.25 on Monday. The firm has a market cap of $678.47, a P/E ratio of 23.55 and a beta of 3.46. The company has a debt-to-equity ratio of 2.80, a quick ratio of 8.14 and a current ratio of 9.31. Enova International has a fifty-two week low of $11.15 and a fifty-two week high of $21.00.

Enova International (NYSE:ENVA) last posted its quarterly earnings data on Thursday, February 1st. The credit services provider reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.03. The company had revenue of $243.69 million during the quarter, compared to analyst estimates of $230.97 million. Enova International had a net margin of 3.47% and a return on equity of 14.11%. The company’s revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the business posted $0.25 earnings per share. equities research analysts forecast that Enova International will post 1.62 EPS for the current year.

In related news, Director Mark Mcgowan purchased 30,000 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were acquired at an average cost of $13.97 per share, with a total value of $419,100.00. Following the completion of the purchase, the director now directly owns 22,689 shares of the company’s stock, valued at $316,965.33. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.50% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in ENVA. Tudor Investment Corp ET AL bought a new position in Enova International in the second quarter valued at approximately $175,000. Hartford Investment Management Co. bought a new position in Enova International in the third quarter valued at approximately $178,000. Crossmark Global Holdings Inc. bought a new position in Enova International in the third quarter valued at approximately $228,000. SG Americas Securities LLC bought a new position in Enova International in the fourth quarter valued at approximately $236,000. Finally, Public Employees Retirement System of Ohio boosted its stake in Enova International by 69.0% in the third quarter. Public Employees Retirement System of Ohio now owns 23,598 shares of the credit services provider’s stock valued at $317,000 after acquiring an additional 9,637 shares during the last quarter. 97.46% of the stock is currently owned by hedge funds and other institutional investors.

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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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