Enova International, Inc. (NYSE:ENVA)‘s stock had its “buy” rating reaffirmed by stock analysts at Maxim Group in a note issued to investors on Monday, October 30th. They currently have a $18.00 price objective on the credit services provider’s stock. Maxim Group’s price objective points to a potential upside of 32.35% from the stock’s previous close.
Other equities analysts have also recently issued reports about the stock. BidaskClub cut shares of Enova International from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. ValuEngine cut shares of Enova International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 21st. Jefferies Group LLC reissued a “buy” rating and issued a $17.00 price objective on shares of Enova International in a research note on Thursday, October 12th. Finally, Zacks Investment Research cut shares of Enova International from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $16.67.
Enova International (NYSE:ENVA) opened at $13.60 on Monday. The company has a debt-to-equity ratio of 2.79, a current ratio of 8.14 and a quick ratio of 8.14. The stock has a market cap of $456.79, a price-to-earnings ratio of 12.41 and a beta of 3.34. Enova International has a 12 month low of $10.90 and a 12 month high of $16.80.
Enova International (NYSE:ENVA) last announced its quarterly earnings data on Thursday, October 26th. The credit services provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.09. Enova International had a net margin of 3.87% and a return on equity of 14.85%. The company had revenue of $217.88 million for the quarter, compared to analysts’ expectations of $210.27 million. During the same period in the previous year, the company posted $0.28 EPS. Enova International’s revenue was up 11.2% compared to the same quarter last year. equities research analysts anticipate that Enova International will post 1.11 earnings per share for the current fiscal year.
Enova International declared that its Board of Directors has authorized a stock buyback program on Friday, September 15th that authorizes the company to buyback $25.00 million in outstanding shares. This buyback authorization authorizes the credit services provider to repurchase up to 63% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.
In other Enova International news, Director Mark Mcgowan bought 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was purchased at an average price of $13.97 per share, with a total value of $419,100.00. Following the transaction, the director now owns 22,689 shares in the company, valued at $316,965.33. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 4.50% of the company’s stock.
A number of large investors have recently modified their holdings of the business. Tudor Investment Corp ET AL acquired a new stake in shares of Enova International during the second quarter worth approximately $175,000. Hartford Investment Management Co. acquired a new stake in shares of Enova International during the third quarter worth approximately $178,000. Arizona State Retirement System grew its position in shares of Enova International by 1.7% during the first quarter. Arizona State Retirement System now owns 12,164 shares of the credit services provider’s stock worth $181,000 after buying an additional 200 shares in the last quarter. Affinity Investment Advisors LLC grew its position in shares of Enova International by 0.7% during the second quarter. Affinity Investment Advisors LLC now owns 15,279 shares of the credit services provider’s stock worth $227,000 after buying an additional 104 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Enova International during the third quarter worth approximately $228,000. 93.05% of the stock is owned by institutional investors.
About Enova International
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.
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