Enova International (NYSE:ENVA) Price Target Raised to $180.00

Enova International (NYSE:ENVA) had its target price hoisted by Citizens Jmp from $149.00 to $180.00 in a research report released on Friday morning,Benzinga reports. They currently have a market outperform rating on the credit services provider’s stock.

Other analysts also recently issued reports about the company. Zacks Research downgraded Enova International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 25th. BTIG Research raised their target price on Enova International from $129.00 to $144.00 and gave the stock a “buy” rating in a report on Friday, October 24th. JMP Securities upped their price target on shares of Enova International from $135.00 to $149.00 and gave the stock a “market outperform” rating in a research report on Friday, October 24th. Citigroup reissued an “outperform” rating on shares of Enova International in a report on Friday. Finally, Wall Street Zen lowered Enova International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $136.50.

Enova International Stock Performance

Shares of NYSE:ENVA opened at $162.79 on Friday. The company has a current ratio of 19.29, a quick ratio of 19.29 and a debt-to-equity ratio of 3.20. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 14.96 and a beta of 1.31. Enova International has a 12 month low of $79.41 and a 12 month high of $164.42. The company has a 50-day moving average price of $123.47 and a 200-day moving average price of $114.94.

Enova International (NYSE:ENVA) last issued its quarterly earnings data on Thursday, October 23rd. The credit services provider reported $3.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.03 by $0.33. The business had revenue of $460.71 million for the quarter, compared to the consensus estimate of $806.63 million. Enova International had a net margin of 9.64% and a return on equity of 24.50%. The company’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.45 EPS. As a group, equities analysts anticipate that Enova International will post 10.31 EPS for the current year.

Enova International announced that its board has authorized a stock repurchase plan on Wednesday, November 12th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the credit services provider to repurchase up to 12.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at Enova International

In other news, CEO David Fisher sold 6,000 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $124.25, for a total transaction of $745,500.00. Following the transaction, the chief executive officer directly owned 348,223 shares in the company, valued at approximately $43,266,707.75. This trade represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steven E. Cunningham sold 14,874 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $120.70, for a total transaction of $1,795,291.80. Following the completion of the transaction, the chief financial officer directly owned 127,719 shares of the company’s stock, valued at $15,415,683.30. This trade represents a 10.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 67,874 shares of company stock valued at $8,426,042 in the last ninety days. Corporate insiders own 8.40% of the company’s stock.

Institutional Investors Weigh In On Enova International

Hedge funds have recently made changes to their positions in the stock. Danske Bank A S purchased a new position in Enova International in the third quarter valued at about $991,000. CSM Advisors LLC boosted its holdings in shares of Enova International by 16.7% in the 3rd quarter. CSM Advisors LLC now owns 62,550 shares of the credit services provider’s stock valued at $7,199,000 after buying an additional 8,972 shares in the last quarter. Horizon Investments LLC grew its position in shares of Enova International by 5.9% in the 3rd quarter. Horizon Investments LLC now owns 14,054 shares of the credit services provider’s stock worth $1,617,000 after buying an additional 789 shares during the last quarter. Kendall Capital Management grew its position in shares of Enova International by 11.0% in the 3rd quarter. Kendall Capital Management now owns 5,415 shares of the credit services provider’s stock worth $623,000 after buying an additional 535 shares during the last quarter. Finally, Hillsdale Investment Management Inc. raised its stake in shares of Enova International by 12.0% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 58,780 shares of the credit services provider’s stock worth $6,765,000 after acquiring an additional 6,300 shares in the last quarter. 89.43% of the stock is currently owned by hedge funds and other institutional investors.

Enova International Company Profile

Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, and internationally. The company provides installment loans; line of credit accounts; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs, such as marketing services and loan servicing for near-prime unsecured consumer installment loan.