Enova International (NYSE:ENVA) Upgraded to “Strong-Buy” at Wall Street Zen

Enova International (NYSE:ENVAGet Free Report) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

A number of other brokerages also recently issued reports on ENVA. Weiss Ratings restated a “buy (b-)” rating on shares of Enova International in a research note on Friday, July 17th. Citigroup reissued a “market outperform” rating on shares of Enova International in a report on Friday. BTIG Research increased their price target on shares of Enova International from $199.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. Zacks Research downgraded shares of Enova International from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Finally, Citizens Jmp raised their price objective on shares of Enova International from $195.00 to $270.00 and gave the stock a “market outperform” rating in a report on Friday, June 26th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $247.83.

Read Our Latest Stock Report on ENVA

Enova International Price Performance

Shares of NYSE ENVA opened at $237.13 on Friday. The company has a market capitalization of $5.90 billion, a PE ratio of 17.58 and a beta of 1.21. The company has a quick ratio of 20.42, a current ratio of 20.42 and a debt-to-equity ratio of 3.45. The stock’s 50 day moving average price is $201.55 and its 200-day moving average price is $169.56. Enova International has a twelve month low of $99.61 and a twelve month high of $246.38.

Enova International (NYSE:ENVAGet Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The credit services provider reported $4.31 EPS for the quarter, beating analysts’ consensus estimates of $3.99 by $0.32. The company had revenue of $928.93 million during the quarter, compared to the consensus estimate of $909.61 million. Enova International had a return on equity of 27.44% and a net margin of 10.31%.Enova International’s revenue was up 21.6% on a year-over-year basis. During the same period last year, the business posted $3.23 earnings per share. On average, equities analysts anticipate that Enova International will post 15.37 EPS for the current year.

Insider Buying and Selling at Enova International

In other Enova International news, CEO Steven E. Cunningham sold 7,852 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $175.50, for a total transaction of $1,378,026.00. Following the sale, the chief executive officer owned 122,945 shares of the company’s stock, valued at $21,576,847.50. The trade was a 6.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William M. Goodyear sold 6,231 shares of the stock in a transaction on 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 sale, the director owned 68,740 shares in the company, valued at approximately $11,416,339.20. This represents a 8.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 106,882 shares of company stock valued at $19,757,389 in the last quarter. Corporate insiders own 8.40% of the company’s stock.

Hedge Funds Weigh In On Enova International

Hedge funds have recently made changes to their positions in the stock. FNY Investment Advisers LLC bought a new stake in shares of Enova International during the 4th quarter valued at $31,000. McIlrath & Eck LLC bought a new position in Enova International in the 1st quarter worth about $34,000. Farther Finance Advisors LLC boosted its stake in Enova International by 26.9% in the 4th quarter. Farther Finance Advisors LLC now owns 302 shares of the credit services provider’s stock worth $47,000 after purchasing an additional 64 shares during the period. Pacer Advisors Inc. grew its holdings in Enova International by 58.5% during the 1st quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock valued at $56,000 after buying an additional 152 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Enova International by 350.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 450 shares of the credit services provider’s stock valued at $50,000 after buying an additional 350 shares in the last quarter. 89.43% of the stock is currently owned by hedge funds and other institutional investors.

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Enova International Company Profile

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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.

Further Reading

Analyst Recommendations for Enova International (NYSE:ENVA)

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