Shares of Enova International, Inc. (NYSE:ENVA) have been assigned a consensus rating of “Buy” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $16.67.

ENVA has been the topic of several analyst reports. BidaskClub raised shares of Enova International from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 6th. Jefferies Group LLC reaffirmed a “buy” rating and set a $17.00 price target on shares of Enova International in a research report on Friday, July 14th. Maxim Group reiterated a “buy” rating and issued a $18.00 price objective on shares of Enova International in a report on Monday, October 9th. ValuEngine downgraded shares of Enova International from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 21st. Finally, Zacks Investment Research downgraded shares of Enova International from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th.

Enova International (NYSE:ENVA) last posted its quarterly earnings results on Thursday, October 26th. The credit services provider reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.09. Enova International had a net margin of 3.87% and a return on equity of 14.85%. The firm had revenue of $217.88 million for the quarter, compared to analyst estimates of $210.27 million. During the same period in the prior year, the firm posted $0.28 earnings per share. The company’s quarterly revenue was up 11.2% compared to the same quarter last year.

Enova International declared that its board has approved a stock buyback plan on Friday, September 15th that authorizes the company to repurchase $25.00 million in outstanding shares. This repurchase authorization authorizes the credit services provider to purchase up to 63% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

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Several large investors have recently added to or reduced their stakes in ENVA. Bank of New York Mellon Corp increased its holdings in shares of Enova International by 10.2% in the first quarter. Bank of New York Mellon Corp now owns 338,979 shares of the credit services provider’s stock valued at $5,035,000 after purchasing an additional 31,282 shares during the last quarter. Arizona State Retirement System increased its holdings 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 purchasing an additional 200 shares during the last quarter. OppenheimerFunds Inc. increased its holdings in shares of Enova International by 19.1% in the first quarter. OppenheimerFunds Inc. now owns 39,458 shares of the credit services provider’s stock valued at $586,000 after purchasing an additional 6,340 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in shares of Enova International by 113.4% in the first quarter. TIAA CREF Investment Management LLC now owns 186,898 shares of the credit services provider’s stock valued at $2,775,000 after purchasing an additional 99,310 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Enova International by 3.5% in the first quarter. Public Employees Retirement System of Ohio now owns 41,993 shares of the credit services provider’s stock valued at $624,000 after purchasing an additional 1,431 shares during the last quarter. Hedge funds and other institutional investors own 95.26% 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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