Enova International, Inc. (NYSE:ENVA) Downgraded by BidaskClub
Enova International, Inc. (NYSE:ENVA) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Saturday.
Other research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Enova International from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Friday, June 2nd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $17.00 target price on shares of Enova International in a report on Friday, July 14th. Maxim Group initiated coverage on shares of Enova International in a report on Wednesday, July 12th. They issued a “buy” rating and a $18.00 target price for the company. Finally, ValuEngine raised shares of Enova International from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Enova International currently has a consensus rating of “Buy” and an average price target of $14.42.
Enova International (ENVA) traded down 1.56% during midday trading on Friday, reaching $12.65. 378,333 shares of the company’s stock traded hands. The firm has a market cap of $426.09 million, a PE ratio of 10.19 and a beta of 3.41. Enova International has a 52-week low of $8.68 and a 52-week high of $16.80. The firm’s 50-day moving average is $14.93 and its 200 day moving average is $14.33.
Enova International (NYSE:ENVA) last issued its earnings results on Thursday, July 27th. The credit services provider reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. The business had revenue of $189.90 million during the quarter, compared to analysts’ expectations of $193.70 million. Enova International had a net margin of 5.42% and a return on equity of 15.97%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 earnings per share. Equities research analysts expect that Enova International will post $1.29 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently modified their holdings of ENVA. Blair William & Co. IL purchased a new position in shares of Enova International during the first quarter valued at about $165,000. Arizona State Retirement System boosted its position in shares of 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 valued at $181,000 after buying an additional 200 shares during the period. Airain ltd purchased a new position in shares of Enova International during the first quarter valued at about $187,000. Affinity Investment Advisors LLC purchased a new position in shares of Enova International during the first quarter valued at about $225,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of Enova International during the first quarter valued at about $230,000. 92.56% of the stock is owned by institutional investors and hedge funds.
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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