BMO Capital Markets Raises Enova International (NYSE:ENVA) Price Target to $62.00

Enova International (NYSE:ENVA) had its price target lifted by research analysts at BMO Capital Markets from $60.00 to $62.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “market perform” rating on the credit services provider’s stock. BMO Capital Markets’ target price points to a potential downside of 1.16% from the stock’s current price.

Other research analysts have also issued research reports about the stock. StockNews.com lowered shares of Enova International from a “buy” rating to a “hold” rating in a research note on Wednesday. JMP Securities raised their price target on shares of Enova International from $73.00 to $78.00 and gave the stock a “market outperform” rating in a report on Wednesday. TheStreet lowered Enova International from a “b” rating to a “c+” rating in a report on Tuesday, January 30th. Finally, Jefferies Financial Group increased their target price on Enova International from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $65.00.

Enova International Stock Down 1.3 %

Shares of ENVA stock traded down $0.81 during trading hours on Thursday, reaching $62.73. The company had a trading volume of 116,659 shares, compared to its average volume of 258,936. The stock’s fifty day simple moving average is $61.53 and its 200 day simple moving average is $53.64. Enova International has a twelve month low of $35.30 and a twelve month high of $65.00. The company has a debt-to-equity ratio of 2.37, a quick ratio of 10.27 and a current ratio of 10.27. The company has a market capitalization of $1.72 billion, a P/E ratio of 11.23 and a beta of 1.55.

Enova International (NYSE:ENVA) last issued its earnings results on Tuesday, January 30th. The credit services provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.08. Enova International had a net margin of 7.69% and a return on equity of 15.45%. The business had revenue of $583.59 million for the quarter, compared to analyst estimates of $587.34 million. As a group, sell-side analysts expect that Enova International will post 7.39 earnings per share for the current fiscal year.

Insider Activity at Enova International

In other Enova International news, CFO Steven E. Cunningham sold 17,548 shares of Enova International stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $56.11, for a total transaction of $984,618.28. Following the transaction, the chief financial officer now owns 150,025 shares of the company’s stock, valued at approximately $8,417,902.75. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Enova International news, CFO Steven E. Cunningham sold 17,548 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $56.11, for a total transaction of $984,618.28. Following the transaction, the chief financial officer now owns 150,025 shares in the company, valued at approximately $8,417,902.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Sean Rahilly sold 2,347 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $60.40, for a total transaction of $141,758.80. Following the sale, the general counsel now owns 107,992 shares of the company’s stock, valued at $6,522,716.80. The disclosure for this sale can be found here. Insiders have sold a total of 30,938 shares of company stock worth $1,799,557 in the last 90 days. Corporate insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ENVA. Orchard Capital Management LLC grew its position in Enova International by 30.0% in the 4th quarter. Orchard Capital Management LLC now owns 232,326 shares of the credit services provider’s stock valued at $12,862,000 after acquiring an additional 53,647 shares during the last quarter. Jackson Creek Investment Advisors LLC bought a new position in Enova International in the 3rd quarter worth about $928,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Enova International during the fourth quarter worth approximately $957,000. Foundry Partners LLC boosted its holdings in shares of Enova International by 7.3% in the fourth quarter. Foundry Partners LLC now owns 137,908 shares of the credit services provider’s stock valued at $7,635,000 after purchasing an additional 9,357 shares during the period. Finally, Quantbot Technologies LP boosted its holdings in shares of Enova International by 75.1% in the third quarter. Quantbot Technologies LP now owns 10,301 shares of the credit services provider’s stock valued at $524,000 after purchasing an additional 4,417 shares during the period. 89.43% of the stock is currently owned by institutional investors.

Enova International Company Profile

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