BTIG Research Boosts Enova International (NYSE:ENVA) Price Target to $110.00

Enova International (NYSE:ENVA) had its target price upped by investment analysts at BTIG Research from $90.00 to $110.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the credit services provider’s stock. BTIG Research’s price target points to a potential upside of 22.22% from the stock’s current price.

ENVA has been the subject of a number of other reports. Janney Montgomery Scott cut shares of Enova International from a “buy” rating to a “neutral” rating in a research report on Monday, August 26th. JMP Securities upped their price objective on shares of Enova International from $93.00 to $103.00 and gave the stock a “market outperform” rating in a research report on Monday, October 14th. StockNews.com upgraded shares of Enova International from a “hold” rating to a “buy” rating in a research report on Monday. Finally, TD Cowen upped their price objective on shares of Enova International from $70.00 to $76.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Enova International currently has a consensus rating of “Moderate Buy” and an average price target of $84.00.

Enova International Stock Performance

NYSE ENVA opened at $90.00 on Wednesday. The company has a quick ratio of 12.07, a current ratio of 12.07 and a debt-to-equity ratio of 2.78. The company has a market capitalization of $2.54 billion, a P/E ratio of 16.19 and a beta of 1.43. Enova International has a 12-month low of $35.30 and a 12-month high of $90.20. The firm has a 50-day moving average price of $82.82 and a two-hundred day moving average price of $71.26.

Enova International (NYSE:ENVA) last issued its quarterly earnings results on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.14. Enova International had a net margin of 7.52% and a return on equity of 16.53%. The company had revenue of $689.92 million during the quarter, compared to the consensus estimate of $666.33 million. During the same quarter in the prior year, the firm posted $1.33 EPS. The firm’s quarterly revenue was up 25.1% on a year-over-year basis. Analysts anticipate that Enova International will post 7.74 earnings per share for the current year.

Enova International announced that its Board of Directors has approved a share buyback plan on Monday, August 12th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the credit services provider to buy up to 12.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Enova International

In other Enova International news, CEO David Fisher sold 10,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $83.46, for a total transaction of $834,600.00. Following the sale, the chief executive officer now owns 423,239 shares of the company’s stock, valued at approximately $35,323,526.94. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO David Fisher sold 10,000 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $83.46, for a total transaction of $834,600.00. Following the transaction, the chief executive officer now owns 423,239 shares of the company’s stock, valued at $35,323,526.94. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Linda Johnson Rice sold 2,700 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $88.29, for a total transaction of $238,383.00. Following the transaction, the director now directly owns 7,486 shares in the company, valued at $660,938.94. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,725 shares of company stock valued at $4,690,053. 7.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Enova International

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Foundry Partners LLC boosted its position in shares of Enova International by 11.3% during the 1st quarter. Foundry Partners LLC now owns 153,427 shares of the credit services provider’s stock worth $9,640,000 after purchasing an additional 15,519 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Enova International by 172.5% in the 1st quarter. BNP Paribas Financial Markets now owns 51,781 shares of the credit services provider’s stock worth $3,253,000 after acquiring an additional 32,779 shares during the last quarter. Summit Global Investments raised its holdings in shares of Enova International by 7.5% in the 2nd quarter. Summit Global Investments now owns 25,464 shares of the credit services provider’s stock worth $1,585,000 after acquiring an additional 1,785 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Enova International by 1.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 20,250 shares of the credit services provider’s stock worth $1,694,000 after acquiring an additional 200 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Enova International in the 3rd quarter worth about $772,000. Institutional investors own 89.43% of the company’s stock.

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.