Shares of Enova International, Inc. (NYSE:ENVA) have been given an average rating of “Buy” by the eight brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $15.00.
Several analysts have commented on ENVA shares. Maxim Group started coverage on Enova International in a research note on Wednesday, July 12th. They set a “buy” rating and a $18.00 price objective for the company. BidaskClub raised Enova International from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Enova International in a research note on Friday, July 14th. Finally, Zacks Investment Research downgraded Enova International from a “hold” rating to a “sell” rating in a research note on Wednesday.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Arizona State Retirement System grew its stake in Enova International by 0.8% in the second quarter. Arizona State Retirement System now owns 12,264 shares of the credit services provider’s stock worth $182,000 after purchasing an additional 100 shares in the last quarter. Affinity Investment Advisors LLC boosted its stake in Enova International by 0.7% in the second quarter. Affinity Investment Advisors LLC now owns 15,279 shares of the credit services provider’s stock valued at $227,000 after acquiring an additional 104 shares during the period. Burney Co. boosted its stake in Enova International by 1.1% in the second quarter. Burney Co. now owns 34,232 shares of the credit services provider’s stock valued at $513,000 after acquiring an additional 377 shares during the period. Thrivent Financial For Lutherans boosted its stake in Enova International by 0.4% in the first quarter. Thrivent Financial For Lutherans now owns 121,247 shares of the credit services provider’s stock valued at $1,800,000 after acquiring an additional 480 shares during the period. Finally, Comerica Bank boosted its stake in Enova International by 3.8% in the first quarter. Comerica Bank now owns 25,811 shares of the credit services provider’s stock valued at $374,000 after acquiring an additional 935 shares during the period. 95.32% of the stock is currently owned by institutional investors and hedge funds.
Enova International (NYSE:ENVA) traded up 1.42% during mid-day trading on Friday, reaching $14.30. The company’s stock had a trading volume of 307,196 shares. The firm’s 50 day moving average price is $12.89 and its 200 day moving average price is $13.89. Enova International has a 12-month low of $8.68 and a 12-month high of $16.80. The stock has a market cap of $481.67 million, a price-to-earnings ratio of 11.51 and a beta of 3.48.
Enova International (NYSE:ENVA) last released its quarterly earnings data on Thursday, July 27th. The credit services provider reported $0.35 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. The business had revenue of $189.90 million during the quarter, compared to analysts’ expectations of $193.70 million. Enova International had a return on equity of 15.97% and a net margin of 5.42%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 EPS. On average, equities analysts predict that Enova International will post $1.27 earnings per share for the current year.
Enova International announced that its Board of Directors has initiated a share buyback 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 purchase up to 63% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.
About Enova International
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.