Citizens Jmp Cuts Enova International (NYSE:ENVA) Price Target to $215.00

Enova International (NYSE:ENVA) had its price objective trimmed by Citizens Jmp from $270.00 to $215.00 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has a market outperform rating on the credit services provider’s stock.

Several other equities analysts have also recently issued reports on the company. BTIG Research boosted their price objective on Enova International from $199.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. TD Cowen raised their target price on Enova International from $250.00 to $257.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Citigroup reiterated a “market outperform” rating on shares of Enova International in a research report on Tuesday. Wall Street Zen downgraded Enova International from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 22nd. Finally, Zacks Research upgraded Enova International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to data from MarketBeat, Enova International currently has a consensus rating of “Buy” and a consensus price target of $231.67.

Enova International Stock Up 4.2%

NYSE:ENVA opened at $179.40 on Tuesday. The company has a debt-to-equity ratio of 3.35, a current ratio of 18.42 and a quick ratio of 18.42. The company’s fifty day moving average price is $237.33 and its 200-day moving average price is $192.67. Enova International has a 1-year low of $103.02 and a 1-year high of $267.45. The firm has a market capitalization of $4.47 billion, a P/E ratio of 13.30 and a beta of 1.21.

Enova International (NYSE:ENVA) last posted its earnings results on Thursday, July 23rd. The credit services provider reported $4.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.99 by $0.32. The company had revenue of $928.93 million during the quarter, compared to the consensus estimate of $909.61 million. Enova International had a net margin of 10.31% and a return on equity of 26.66%. The firm’s quarterly revenue was up 21.6% on a year-over-year basis. During the same period in the previous year, the firm posted $3.23 earnings per share. As a group, equities research analysts anticipate that Enova International will post 16.33 EPS for the current year.

Insider Activity at Enova International

In other news, Chairman David Fisher sold 9,078 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $239.16, for a total transaction of $2,171,094.48. Following the sale, the chairman directly owned 306,444 shares in the company, valued at $73,289,147.04. This trade represents a 2.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Enova International

A number of large investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in Enova International by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 611,208 shares of the credit services provider’s stock valued at $96,095,000 after purchasing an additional 18,258 shares in the last quarter. Amundi grew its position in shares of Enova International by 66.6% in the second quarter. Amundi now owns 207,684 shares of the credit services provider’s stock valued at $49,996,000 after purchasing an additional 83,002 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Enova International during the second quarter worth about $38,453,000. Tieton Capital Management LLC purchased a new stake in shares of Enova International during the second quarter worth about $26,577,000. Finally, Alyeska Investment Group L.P. acquired a new position in shares of Enova International during the 2nd quarter worth about $25,749,000. Institutional investors and hedge funds own 89.43% of the company’s stock.

More Enova International News

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

• Positive Sentiment: Enova retains a consensus “Buy” rating, indicating that analysts generally continue to see value in the stock despite recent developments. Enova receives consensus Buy rating
• Neutral Sentiment: Investor attention is shifting away from the Grasshopper transaction and toward broader macroeconomic factors, including the economic environment affecting Enova’s credit businesses. Enova investor focus turns from Grasshopper to macro
• Negative Sentiment: Enova withdrew the federal applications needed to complete its approximately $369 million acquisition of Grasshopper Bancorp, citing unclear regulatory rules and political pressure. The decision removes a potential growth opportunity and triggered a sharp selloff. Enova withdraws Grasshopper Bank bid
• Negative Sentiment: TD Cowen and Citizens JMP lowered their expectations for Enova’s stock price, contributing to concerns about the company’s near-term valuation and outlook. TD Cowen lowers Enova expectations Citizens JMP lowers Enova expectations
• Negative Sentiment: Several law firms announced investigations into potential securities-law violations or other improper conduct related to Enova’s disclosures and the Grasshopper transaction. These announcements do not establish wrongdoing, but they raise litigation, reputational and potential financial risks for investors. Enova securities investigation

Enova International Company Profile

Enova International, Inc is a financial technology company that provides online financial services to consumers and small businesses. The company uses technology, data analytics and automated decision-making to offer credit products designed for customers who may have limited access to traditional bank financing.

Enova’s consumer finance brands include CashNetUSA and NetCredit, which offer products such as short-term and installment loans, lines of credit and other forms of personal credit, subject to applicable laws and eligibility requirements.