Enova International (NYSE:ENVA) Price Target Raised to $182.00

Enova International (NYSE:ENVA) had its price target boosted by Citizens Jmp from $180.00 to $182.00 in a research note released on Wednesday,Benzinga reports. Citizens Jmp currently has a market outperform rating on the credit services provider’s stock.

Several other brokerages also recently weighed in on ENVA. BTIG Research reaffirmed a “buy” rating and set a $199.00 target price on shares of Enova International in a research note on Wednesday. Wall Street Zen cut shares of Enova International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Enova International in a research report on Thursday, January 22nd. TD Cowen reiterated a “buy” rating on shares of Enova International in a research report on Thursday, January 8th. Finally, JMP Securities boosted their target price on shares of Enova International from $135.00 to $149.00 and gave the stock a “market outperform” rating in a research note on Friday, October 24th. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Enova International currently has an average rating of “Moderate Buy” and an average target price of $172.83.

Enova International Trading Up 0.5%

Shares of Enova International stock opened at $165.99 on Wednesday. The firm has a 50-day simple moving average of $153.53 and a two-hundred day simple moving average of $128.71. The company has a debt-to-equity ratio of 3.37, a quick ratio of 19.29 and a current ratio of 9.48. Enova International has a fifty-two week low of $79.41 and a fifty-two week high of $168.68. The company has a market cap of $4.67 billion, a P/E ratio of 14.33 and a beta of 1.27.

Enova International (NYSE:ENVA) last announced its quarterly earnings results on Tuesday, January 27th. The credit services provider reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.17 by $0.29. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $838.59 million. Enova International had a return on equity of 25.31% and a net margin of 9.78%.Enova International’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.61 EPS. As a group, equities analysts predict that Enova International will post 10.31 earnings per share for the current fiscal year.

Enova International announced that its board has approved a share buyback plan on Wednesday, November 12th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the credit services provider to buy up to 12.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other news, CEO David Fisher sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $160.24, for a total transaction of $2,403,600.00. Following the transaction, the chief executive officer directly owned 348,223 shares in the company, valued at $55,799,253.52. The trade was a 4.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have sold 30,573 shares of company stock valued at $4,659,815. Company insiders own 8.40% of the company’s stock.

Hedge Funds Weigh In On Enova International

A number of institutional investors have recently added to or reduced their stakes in the stock. Arkadios Wealth Advisors increased its position in Enova International by 61.3% during the third quarter. Arkadios Wealth Advisors now owns 31,362 shares of the credit services provider’s stock worth $3,609,000 after purchasing an additional 11,915 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Enova International by 8,356.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 16,574 shares of the credit services provider’s stock valued at $1,908,000 after buying an additional 16,378 shares during the period. Loomis Sayles & Co. L P acquired a new stake in shares of Enova International during the 2nd quarter worth approximately $11,152,000. New York State Common Retirement Fund raised its position in shares of Enova International by 51.9% during the 2nd quarter. New York State Common Retirement Fund now owns 32,719 shares of the credit services provider’s stock valued at $3,649,000 after buying an additional 11,180 shares during the period. Finally, CSM Advisors LLC purchased a new stake in shares of Enova International during the 2nd quarter valued at approximately $5,974,000. Hedge funds and other institutional investors own 89.43% of the company’s stock.

Enova International Company Profile

Enova International, Inc (NYSE: ENVA) is a Chicago-based financial services company specializing in online lending solutions. Since its founding in 2004, Enova has leveraged proprietary data analytics and technology platforms to underwrite and deliver short-term consumer loans, lines of credit and installment loans. Through its flagship consumer brand NetCredit, Enova provides flexible credit options designed to serve a wide range of borrowers, including those with limited or non-traditional credit histories.

In addition to its U.S.