Enova International, Inc. (NYSE:ENVA) Receives Consensus Rating of “Buy” from Brokerages

Shares of Enova International, Inc. (NYSE:ENVA) have been given a consensus rating of “Buy” by the eight brokerages that are presently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $213.80.

ENVA has been the topic of a number of recent research reports. Maxim Group increased their target price on Enova International from $191.00 to $200.00 and gave the company a “buy” rating in a report on Monday, April 27th. TD Cowen increased their target price on Enova International from $165.00 to $190.00 and gave the company a “buy” rating in a report on Friday, April 24th. Citizens Jmp increased their target price on Enova International from $195.00 to $270.00 and gave the company a “market outperform” rating in a report on Friday. Wall Street Zen downgraded Enova International from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Finally, Stephens increased their target price on Enova International from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, April 24th.

Enova International Trading Down 0.4%

Shares of NYSE:ENVA opened at $230.21 on Monday. The company has a market cap of $5.73 billion, a P/E ratio of 18.64 and a beta of 1.28. The company has a debt-to-equity ratio of 3.45, a current ratio of 20.42 and a quick ratio of 20.42. Enova International has a 1 year low of $99.61 and a 1 year high of $231.06. The stock’s fifty day moving average price is $175.37 and its 200-day moving average price is $159.25.

Enova International (NYSE:ENVA) last announced its quarterly earnings results on Thursday, April 23rd. The credit services provider reported $3.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.66 by $0.21. The firm had revenue of $875.14 million for the quarter, compared to the consensus estimate of $854.52 million. Enova International had a return on equity of 25.89% and a net margin of 9.95%.The company’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.98 earnings per share. Sell-side analysts expect that Enova International will post 15.37 earnings per share for the current year.

Insider Transactions at Enova International

In other Enova International news, Chairman David Fisher sold 33,060 shares of the stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $199.05, for a total value of $6,580,593.00. Following the transaction, the chairman owned 306,444 shares of the company’s stock, valued at approximately $60,997,678.20. This represents a 9.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William M. Goodyear sold 6,231 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $166.08, for a total value of $1,034,844.48. Following the completion of the sale, the director owned 68,740 shares of the company’s stock, valued at approximately $11,416,339.20. The trade was a 8.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 106,882 shares of company stock worth $19,757,389 in the last ninety days. Insiders own 8.40% of the company’s stock.

Institutional Trading of Enova International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FNY Investment Advisers LLC purchased a new stake in Enova International in the fourth quarter worth about $31,000. McIlrath & Eck LLC purchased a new stake in Enova International in the first quarter worth about $34,000. Farther Finance Advisors LLC increased its position in Enova International by 26.9% in the fourth quarter. Farther Finance Advisors LLC now owns 302 shares of the credit services provider’s stock worth $47,000 after buying an additional 64 shares in the last quarter. Pacer Advisors Inc. increased its position in Enova International by 58.5% in the first quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock worth $56,000 after buying an additional 152 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Enova International by 350.0% in the second quarter. EverSource Wealth Advisors LLC now owns 450 shares of the credit services provider’s stock worth $50,000 after buying an additional 350 shares in the last quarter. 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.