Enova International Inc (ENVA) Upgraded by Zacks Investment Research to “Buy”
Enova International Inc (NYSE:ENVA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The brokerage presently has a $16.00 price objective on the credit services provider’s stock. Zacks Investment Research‘s target price indicates a potential upside of 11.11% from the stock’s current price.
According to Zacks, “Enova International, Inc. is a provider of online financial services. It offers loans to customers in the United States and in the United Kingdom, Australia and Canada. The Company’s customers include consumers who have bank accounts but use alternative financial credit services because of their limited access to more traditional consumer credit from banks, thrifts, credit card companies and other lenders. Enova International, Inc is headquartered in Chicago. “
A number of other brokerages have also recently issued reports on ENVA. Jefferies Group LLC reaffirmed a “buy” rating and issued a $17.00 target price on shares of Enova International in a report on Friday, April 7th. Stephens started coverage on Enova International in a report on Thursday, January 12th. They issued an “overweight” rating for the company. Finally, Telsey Advisory Group upped their target price on Enova International from $10.00 to $15.00 and gave the stock a “market perform” rating in a report on Friday, February 3rd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Enova International currently has an average rating of “Buy” and an average target price of $12.96.
Shares of Enova International (NYSE:ENVA) traded down 1.03% during mid-day trading on Wednesday, hitting $14.40. The stock had a trading volume of 169,042 shares. The company has a market capitalization of $482.26 million, a P/E ratio of 12.61 and a beta of 3.60. Enova International has a 1-year low of $6.47 and a 1-year high of $15.50. The stock’s 50-day moving average price is $14.06 and its 200 day moving average price is $13.07.
Enova International (NYSE:ENVA) last issued its earnings results on Friday, April 28th. The credit services provider reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. Enova International had a return on equity of 13.72% and a net margin of 4.64%. The business had revenue of $192.30 million during the quarter, compared to analysts’ expectations of $192.10 million. During the same quarter in the prior year, the firm earned $0.31 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, analysts predict that Enova International will post $1.43 EPS for the current fiscal year.
In other Enova International news, VP John Higginson sold 3,500 shares of the company’s stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $14.31, for a total value of $50,085.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.60% of the company’s stock.
Several large investors have recently added to or reduced their stakes in ENVA. Blair William & Co. IL bought a new stake in Enova International during the first quarter worth approximately $165,000. Arizona State Retirement System raised its stake in Enova International by 1.7% in the first quarter. Arizona State Retirement System now owns 12,164 shares of the credit services provider’s stock worth $181,000 after buying an additional 200 shares during the period. Airain ltd bought a new stake in Enova International during the first quarter worth approximately $187,000. Affinity Investment Advisors LLC bought a new stake in Enova International during the first quarter worth approximately $225,000. Finally, Metropolitan Life Insurance Co. NY raised its stake in Enova International by 17.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 19,420 shares of the credit services provider’s stock worth $244,000 after buying an additional 2,952 shares during the period. Hedge funds and other institutional investors own 70.90% of the company’s stock.
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.
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