Enova International (NYSE:ENVA) PT Raised to $78.00

Enova International (NYSE:ENVA) had its price objective raised by analysts at JMP Securities from $73.00 to $78.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “market outperform” rating on the credit services provider’s stock. JMP Securities’ target price would suggest a potential upside of 24.96% from the company’s previous close.

A number of other brokerages have also weighed in on ENVA. StockNews.com raised shares of Enova International from a “hold” rating to a “buy” rating in a report on Saturday, March 23rd. Jefferies Financial Group raised their price target on shares of Enova International from $70.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. TheStreet lowered shares of Enova International from a “b” rating to a “c+” rating in a report on Tuesday, January 30th. Finally, BMO Capital Markets raised their price target on shares of Enova International from $57.00 to $59.00 and gave the company a “market perform” rating in a report on Wednesday, January 31st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Enova International has a consensus rating of “Moderate Buy” and an average price target of $67.60.

Enova International Stock Performance

NYSE ENVA opened at $62.42 on Wednesday. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 11.23 and a beta of 1.55. The company has a 50 day moving average of $61.59 and a 200-day moving average of $53.70. The company has a current ratio of 10.27, a quick ratio of 10.27 and a debt-to-equity ratio of 2.37. Enova International has a 1-year low of $35.30 and a 1-year high of $65.00.

Enova International (NYSE:ENVA) last posted its quarterly earnings data on Tuesday, January 30th. The credit services provider reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.08. The company had revenue of $583.59 million during the quarter, compared to analyst estimates of $587.34 million. Enova International had a net margin of 7.69% and a return on equity of 15.45%. On average, equities analysts forecast that Enova International will post 7.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Enova International news, Director Linda Johnson Rice sold 5,000 shares of Enova International stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $62.12, for a total transaction of $310,600.00. Following the completion of the sale, the director now owns 9,182 shares of the company’s stock, valued at approximately $570,385.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Enova International news, General Counsel Sean Rahilly sold 2,347 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $60.40, for a total value of $141,758.80. Following the completion of the transaction, the general counsel now directly owns 107,992 shares of the company’s stock, valued at $6,522,716.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Linda Johnson Rice sold 5,000 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $62.12, for a total value of $310,600.00. Following the completion of the sale, the director now owns 9,182 shares of the company’s stock, valued at $570,385.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,938 shares of company stock valued at $1,799,557. Company insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On Enova International

Large investors have recently modified their holdings of the business. Counterpoint Mutual Funds LLC bought a new stake in shares of Enova International in the third quarter worth about $117,000. Jackson Creek Investment Advisors LLC bought a new stake in shares of Enova International in the third quarter worth about $928,000. Headinvest LLC bought a new stake in shares of Enova International in the third quarter worth about $28,000. Denali Advisors LLC increased its holdings in shares of Enova International by 3.3% in the third quarter. Denali Advisors LLC now owns 87,572 shares of the credit services provider’s stock worth $4,455,000 after acquiring an additional 2,800 shares in the last quarter. Finally, Foundry Partners LLC increased its holdings in shares of Enova International by 7.6% in the third quarter. Foundry Partners LLC now owns 128,551 shares of the credit services provider’s stock worth $6,539,000 after acquiring an additional 9,125 shares in the last quarter. 89.43% of the stock is currently owned by institutional investors.

Enova International Company Profile

Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, and internationally. The company provides installment loans; line of credit accounts; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs, such as marketing services and loan servicing for near-prime unsecured consumer installment loan.