Enova International (NYSE:ENVA – Get Assessment) was upgraded from a “hold” rating to a “buy” rating by StockNews.com in a research note published on Friday.
A number of other brokerage firms have also commented on ENVA. Zacks Investment Research upgraded the shares of Enova International from a “hold” rating to a “buy” rating and issued a research note on Tuesday, February 8th with a price target of $50.00 for the stock. Maxim Group upgraded the shares of Enova International from a “hold” rating to a “buy” rating and issued a research note on Monday, February 7th with a price target of $55.00 for the stock. JMP Securities has raised its target price on Enova International shares to $54.00 from $48.00 and gave the company a market outperform rating in a report on Monday, February 7th. Finally, Janney Montgomery Scott upgraded shares of Enova International to a “buy” rating from a “neutral” rating and set a price target of $49.00 for the stock in a report on Monday, March. One equities research analyst has assigned a hold rating to the stock and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Buy and a consensus price target of $50.40.
An industry-shattering upheaval is upon us, and this microcap is at the heart of it.
Enova International shares opened at $37.97 on Friday. The company’s 50-day simple moving average is $39.63 and its 200-day simple moving average is $38.55. Enova International has a 52-week low of $30.04 and a 52-week high of $47.88. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 5.59 and a beta of 1.51. The company has a debt to equity ratio of 1.27, a current ratio of 11.64 and a quick ratio of 11.64.
Enova International (NYSE:ENVA – Get Rating) last released its quarterly earnings data on Thursday, February 3rd. The credit servicer reported earnings per share of $1.50 for the quarter, beating the consensus estimate of $1.03 by $0.47. Enova International had a net margin of 21.22% and a return on equity of 24.90%. The company had revenue of $363.61 million for the quarter, compared to analyst estimates of $338.24 million. In the same quarter last year, the company earned $2.23 per share. As a group, analysts are forecasting that Enova International will post 5.58 EPS for the current fiscal year.
In related news, CEO David Fisher sold 15,503 shares of the company’s shares in a transaction on Tuesday, January 11. The shares sold at an average price of $42.28 for a total transaction of $655,466.84. The sale was disclosed in a filing with the SEC available at this hyperlink. Also on Monday, February 14, General Counsel Sean Rahilly sold 1,430 shares of the company’s shares in a transaction. The stock sold at an average price of $44.55 for a total transaction of $63,706.50. The disclosure for this sale can be found here. Insiders sold 26,134 shares of the company’s shares worth $1,082,060 last quarter. 6.30% of the shares are owned by company insiders.
Several major investors have recently added to or reduced their stakes in ENVA. Banc Funds Co. LLC increased its position in Enova International shares by 18.8% in the third quarter. Banc Funds Co. LLC now owns 174,214 shares of the credit servicer, valued at $6,019,000, having purchased an additional 27,600 shares during the period. Denali Advisors LLC increased its position in Enova International shares by 64.1% during the fourth quarter. Denali Advisors LLC now owns 65,625 shares of the loan servicer, valued at $2,688,000, having purchased an additional 25,625 shares during the period. BNP Paribas Arbitrage SA increased its position in Enova International shares by 115.9% in the third quarter. BNP Paribas Arbitrage SA now owns 39,676 shares of the credit servicer, valued at $1,371,000, having purchased an additional 21,295 shares during the period. Rowland & Co. Investment Counsel ADV acquired a new interest in Enova International valued at approximately $699,000 during the fourth quarter. Finally, Strs Ohio increased its position in Enova International by 128.2% in the third quarter. Strs Ohio now owns 19,400 shares of the loan servicer, valued at $670,000, having bought an additional 10,900 shares during the period. Hedge funds and other institutional investors own 87.13% of the company’s shares.
About Enova International (received rating)
Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, Australia and Canada. The company offers installment loans; line of credit accounts; accounts receivable purchase contracts; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documentation; and banking programs, such as marketing services and credit servicing for unsecured consumer installment loans.
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