Enova International, Inc. (NYSE:ENVA) Given Average Rating of “Buy” by Analysts

Enova International, Inc. (NYSE:ENVA) has been assigned a consensus rating of “Buy” from the eight research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $116.80.

A number of analysts have recently commented on the company. Zacks Research cut Enova International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 25th. BTIG Research lifted their price target on shares of Enova International from $129.00 to $144.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Wall Street Zen lowered shares of Enova International from a “strong-buy” rating to a “buy” rating in a report on Saturday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Enova International in a research report on Wednesday, October 8th. Finally, JMP Securities upped their price target on shares of Enova International from $135.00 to $149.00 and gave the stock a “market outperform” rating in a research report on Friday, October 24th.

Enova International Price Performance

Shares of NYSE ENVA opened at $124.24 on Friday. Enova International has a fifty-two week low of $79.41 and a fifty-two week high of $133.33. The company has a market cap of $3.08 billion, a PE ratio of 11.42 and a beta of 1.47. The company has a debt-to-equity ratio of 3.20, a quick ratio of 18.15 and a current ratio of 19.29. The business has a 50-day simple moving average of $118.67 and a two-hundred day simple moving average of $110.41.

Enova International (NYSE:ENVA) last posted its earnings results on Thursday, October 23rd. The credit services provider reported $3.36 EPS for the quarter, beating analysts’ consensus estimates of $3.03 by $0.33. The firm had revenue of $460.71 million for 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 company’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period last year, the firm earned $2.45 EPS. As a group, equities analysts expect that Enova International will post 10.31 EPS for the current fiscal year.

Enova International announced that its board has approved a stock buyback program on Wednesday, November 12th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the credit services provider to repurchase up to 12.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Insider Activity at Enova International

In other news, CEO David Fisher sold 35,000 shares of Enova International stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $125.55, for a total value of $4,394,250.00. Following the sale, the chief executive officer directly owned 348,223 shares of the company’s stock, valued at $43,719,397.65. The trade was a 9.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Steven E. Cunningham sold 14,874 shares of the stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $120.70, for a total value of $1,795,291.80. Following the completion of the transaction, the chief financial officer directly owned 127,719 shares of the company’s stock, valued at approximately $15,415,683.30. This represents a 10.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 86,874 shares of company stock worth $10,708,742. Company insiders own 8.40% of the company’s stock.

Hedge Funds Weigh In On Enova International

A number of institutional investors and hedge funds have recently bought and sold shares of ENVA. Jump Financial LLC raised its holdings in Enova International by 430.1% in the 1st quarter. Jump Financial LLC now owns 25,746 shares of the credit services provider’s stock valued at $2,486,000 after acquiring an additional 20,889 shares during the last quarter. Amundi purchased a new stake in shares of Enova International in the first quarter valued at approximately $1,886,000. Kendall Capital Management acquired a new stake in shares of Enova International in the second quarter valued at approximately $544,000. Baird Financial Group Inc. lifted its position in Enova International by 2.1% during the first quarter. Baird Financial Group Inc. now owns 154,674 shares of the credit services provider’s stock worth $14,935,000 after buying an additional 3,162 shares in the last quarter. Finally, CX Institutional lifted its position in Enova International by 151.5% during the second quarter. CX Institutional now owns 67,538 shares of the credit services provider’s stock worth $7,532,000 after buying an additional 40,681 shares in the last quarter. 89.43% of the stock is currently owned by institutional investors and hedge funds.

About Enova International

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.