Enova International, Inc. (NYSE:ENVA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday.

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 equities research analysts have also issued reports on ENVA. BidaskClub upgraded shares of Enova International from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 6th. Jefferies Group LLC reiterated a “buy” rating and set a $17.00 target price on shares of Enova International in a report on Friday, July 14th. Finally, Maxim Group reiterated a “buy” rating and set a $18.00 target price on shares of Enova International in a report on Monday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $15.00.

Enova International (ENVA) traded down 2.09% during mid-day trading on Wednesday, hitting $14.05. 244,164 shares of the stock traded hands. The stock has a 50-day moving average price of $12.76 and a 200-day moving average price of $13.89. Enova International has a 12 month low of $8.68 and a 12 month high of $16.80. The stock has a market cap of $473.25 million, a P/E ratio of 11.31 and a beta of 3.48.

Enova International (NYSE:ENVA) last issued its quarterly earnings data on Thursday, July 27th. The credit services provider reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. Enova International had a net margin of 5.42% and a return on equity of 15.97%. The firm had revenue of $189.90 million for the quarter, compared to analyst estimates of $193.70 million. During the same period in the prior year, the business posted $0.25 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, equities analysts forecast that Enova International will post $1.27 earnings per share for the current year.

Enova International announced that its board has initiated a share buyback program on Friday, September 15th that allows the company to buyback $25.00 million in outstanding shares. This buyback authorization allows the credit services provider to purchase up to 63% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

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Institutional investors have recently added to or reduced their stakes in the business. Blair William & Co. IL acquired a new stake in Enova International during the 1st quarter worth approximately $165,000. Tudor Investment Corp ET AL acquired a new stake in Enova International during the 2nd quarter worth approximately $175,000. Arizona State Retirement System lifted its holdings in Enova International by 1.7% during the 1st 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 in the last quarter. Affinity Investment Advisors LLC lifted its holdings in Enova International by 0.7% during the 2nd quarter. Affinity Investment Advisors LLC now owns 15,279 shares of the credit services provider’s stock worth $227,000 after buying an additional 104 shares in the last quarter. Finally, Comerica Bank lifted its holdings in Enova International by 3.8% during the 1st quarter. Comerica Bank now owns 25,811 shares of the credit services provider’s stock worth $374,000 after buying an additional 935 shares in the last quarter. Institutional investors own 95.32% of the company’s stock.

Enova International Company Profile

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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Analyst Recommendations for Enova International (NYSE:ENVA)

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