BidaskClub Lowers Enova International, Inc. (ENVA) to Hold

Enova International, Inc. (NYSE:ENVA) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Several other analysts have also recently commented on the company. Jefferies Group LLC restated a “buy” rating and issued a $17.00 target price on shares of Enova International in a research report on Friday, April 7th. Zacks Investment Research upgraded Enova International from a “sell” rating to a “hold” rating in a research report on Tuesday, April 4th. ValuEngine upgraded Enova International from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Finally, Maxim Group initiated coverage on Enova International in a research report on Wednesday, July 12th. They issued a “buy” rating and a $18.00 target price on the stock. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $14.42.

Enova International (NYSE ENVA) opened at 14.05 on Monday. Enova International has a one year low of $8.68 and a one year high of $16.80. The company’s 50-day moving average price is $15.25 and its 200-day moving average price is $14.38. The firm has a market cap of $472.57 million, a price-to-earnings ratio of 11.31 and a beta of 3.42.

Enova International (NYSE:ENVA) last posted its earnings results on Thursday, July 27th. The credit services provider reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. Enova International had a return on equity of 15.97% and a net margin of 5.42%. The firm had revenue of $189.90 million for the quarter, compared to analysts’ expectations of $193.70 million. During the same period last year, the firm earned $0.25 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. On average, analysts anticipate that Enova International will post $1.41 EPS for the current year.

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Several institutional investors have recently modified their holdings of ENVA. Blair William & Co. IL purchased a new position in shares of Enova International during the first quarter valued at about $165,000. Arizona State Retirement System boosted its position in shares of Enova International by 1.7% in the first quarter. Arizona State Retirement System now owns 12,164 shares of the credit services provider’s stock valued at $181,000 after buying an additional 200 shares during the period. Airain ltd purchased a new position in shares of Enova International during the first quarter valued at about $187,000. Affinity Investment Advisors LLC purchased a new position in shares of Enova International during the first quarter valued at about $225,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of Enova International during the first quarter valued at about $230,000. Institutional investors own 92.74% of the company’s stock.

Enova International Company Profile

Enova International, Inc is a technology and analytics company. The Company provides online financial services. As of December 31, 2016, the Company offered or arranged loans to consumers in 33 states in the United States and in the United Kingdom and Brazil. As of December 31, 2016, it also offered financing to small businesses in all 50 states and Washington DC in the United States.

Analyst Recommendations for Enova International (NYSE:ENVA)

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