Enova International (NYSE:ENVA) Price Target Raised to $257.00

Enova International (NYSE:ENVAFree Report) had its price target boosted by TD Cowen from $250.00 to $257.00 in a report released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the credit services provider’s stock.

Several other analysts also recently issued reports on the stock. Stephens lifted their price target on shares of Enova International from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Citizens Jmp upped 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enova International in a research note on Friday, July 17th. Citigroup reiterated a “market outperform” rating on shares of Enova International in a report on Friday. Finally, Wall Street Zen downgraded shares of Enova International from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $247.83.

Read Our Latest Report on ENVA

Enova International Stock Performance

Shares of Enova International stock opened at $237.13 on Friday. Enova International has a one year low of $99.61 and a one year high of $246.38. The firm has a market capitalization of $5.90 billion, a price-to-earnings ratio of 17.58 and a beta of 1.21. The business has a 50-day simple moving average of $201.55 and a 200 day simple moving average of $169.61. The company has a debt-to-equity ratio of 3.35, a current ratio of 18.42 and a quick ratio of 18.42.

Enova International (NYSE:ENVAGet Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The credit services provider reported $4.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.35. The business had revenue of $928.93 million for the quarter, compared to analyst estimates of $909.61 million. Enova International had a return on equity of 26.66% and a net margin of 10.31%.The company’s quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.23 earnings per share. On average, research analysts anticipate that Enova International will post 15.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Mark Tebbe sold 20,000 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $201.37, for a total transaction of $4,027,400.00. Following the completion of the sale, the director owned 50,029 shares in the company, valued at approximately $10,074,339.73. This represents a 28.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman David Fisher sold 33,060 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $199.05, for a total value of $6,580,593.00. Following the completion of the sale, the chairman directly owned 306,444 shares of the company’s stock, valued at $60,997,678.20. The trade was a 9.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 106,882 shares of company stock worth $19,757,389 over the last three months. Company insiders own 8.40% of the company’s stock.

Institutional Trading of Enova International

Several institutional investors have recently made changes to their positions in ENVA. FNY Investment Advisers LLC bought a new stake in shares of Enova International in the 4th quarter worth $31,000. McIlrath & Eck LLC purchased a new position in Enova International during the first quarter worth about $34,000. Farther Finance Advisors LLC grew its position 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 in the last quarter. Pacer Advisors Inc. grew its position in Enova International by 58.5% in the 1st quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock worth $56,000 after purchasing an additional 152 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Enova International by 350.0% in 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 during the last quarter. Institutional investors own 89.43% of the company’s stock.

Enova International News Roundup

Here are the key news stories impacting Enova International this week:

About Enova International

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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.

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Analyst Recommendations for Enova International (NYSE:ENVA)

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