Enova International (NYSE:ENVA) Rating Raised to Buy on StockNews.com

Enova International (NYSE: ENVA – Get a rating) has been updated by StockNews.com from a “hold” rating to a “buy” rating in a research note released on Friday.

A number of other brokerages also weighed in on ENVA. Zacks Investment Research moved shares of Enova International from a “hold” rating to a “buy” rating and set a price target of $50.00 on the stock in a Tuesday, February 8 research note. Maxim Group upgraded Enova International shares from a “hold” rating to a “buy” rating and set a price target of $55.00 for the stock in a Monday, February 7 research note . JMP Securities raised its price target on Enova International shares from $48.00 to $54.00 and gave the company a “market outperforming” rating in a Monday, Feb. 7 report. Finally, Janney Montgomery Scott upgraded shares of Enova International from a “neutral” rating to a “buy” rating and set a price target of $49.00 on the stock in a Monday, March 14 report. One equity research analyst gave the stock a hold rating and five gave the company’s stock a buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $50.40.

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Shares of Enova International opened at $37.97 on Friday. The company’s 50-day simple moving average is $39.63 and its 200-day simple moving average is $38.55. Enova International has a fifty-two week low of $30.04 and a fifty-two week high of $47.88. The company has a market capitalization of $1.27 billion, a price-earnings ratio of 5.59 and a beta of 1.51. The company has a debt ratio of 1.27, a current ratio of 11.64 and a quick ratio of 11.64.

Enova International (NYSE: ENVA – Get a rating) last released its quarterly earnings data on Thursday, February 3. The credit services provider reported earnings per share of $1.50 for the quarter, beating the consensus estimate of $1.03 by $0.47. Enova International had a net margin of 21.22% and a return on equity of 24.90%. The company posted revenue of $363.61 million for the quarter, versus analyst estimates of $338.24 million. In the same quarter last year, the company achieved EPS of $2.23. As a group, analysts expect Enova International to post EPS of 5.58 for the current fiscal year.

In related news, CEO David Fisher sold 15,503 shares of the company in a trade on Tuesday, January 11. The shares were sold at an average price of $42.28, for a total transaction of $655,466.84. The sale was disclosed in a filing with the SEC, which is available via this hyperlink. Also, General Counsel Sean Railly sold 1,430 shares of the company in a transaction on Monday, February 14. The stock was sold at an average price of $44.55, for a total transaction of $63,706.50. Disclosure of this sale can be found here. Insiders sold 26,134 shares of the company worth $1,082,060 during the last quarter. 6.30% of the shares are held by company insiders.

Several large investors have recently increased or reduced their stake in ENVA. Banc Funds Co. LLC increased its position in Enova International shares by 18.8% in the third quarter. Banc Funds Co. LLC now owns 174,214 shares of the credit service provider valued at $6,019,000 after acquiring an additional 27,600 shares during the period. Denali Advisors LLC increased its position in Enova International shares by 64.1% in the fourth quarter. Denali Advisors LLC now owns 65,625 shares of the credit service provider valued at $2,688,000 after acquiring an additional 25,625 shares during the period. BNP Paribas Arbitrage SA increased its position in Enova International shares by 115.9% in the third quarter. BNP Paribas Arbitrage SA now owns 39,676 shares of the credit services provider valued at $1,371,000 after acquiring an additional 21,295 shares during the period. Rowland & Co. Investment Counsel ADV purchased a new stake in Enova International during the fourth quarter valued at approximately $699,000. Finally, Strs Ohio increased its position in Enova International by 128.2% during the third quarter. Strs Ohio now owns 19,400 shares of the credit service provider worth $670,000 after purchasing an additional 10,900 shares during the period. Hedge funds and other institutional investors own 87.13% of the company’s shares.

About Enova International (Get a rating)

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

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