Enova International (NYSE:ENVA) Price Target Increased to $110.00 by Analysts at BTIG Research

Enova International (NYSE:ENVA) had its price objective upped by BTIG Research from $90.00 to $110.00 in a research report report published on Wednesday, Benzinga reports. BTIG Research currently has a buy rating on the credit services provider’s stock.

A number of other equities research analysts have also recently weighed in on the company. JMP Securities increased their price target on Enova International from $93.00 to $103.00 and gave the company a “market outperform” rating in a research note on Monday, October 14th. Janney Montgomery Scott lowered shares of Enova International from a “buy” rating to a “neutral” rating in a research report on Monday, August 26th. TD Cowen lifted their target price on shares of Enova International from $70.00 to $76.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Finally, StockNews.com raised shares of Enova International from a “hold” rating to a “buy” rating in a report on Monday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $88.33.

Enova International Stock Performance

Shares of ENVA stock opened at $88.17 on Wednesday. The company has a fifty day moving average price of $82.98 and a two-hundred day moving average price of $71.38. Enova International has a one year low of $35.30 and a one year high of $96.01. The stock has a market cap of $2.49 billion, a P/E ratio of 15.86 and a beta of 1.43. The company has a debt-to-equity ratio of 2.78, a current ratio of 12.07 and a quick ratio of 12.07.

Enova International (NYSE:ENVA) last issued its earnings results on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.14. The business had revenue of $689.92 million during the quarter, compared to the consensus estimate of $666.33 million. Enova International had a net margin of 7.52% and a return on equity of 16.53%. Enova International’s revenue was up 25.1% on a year-over-year basis. During the same period last year, the business posted $1.33 EPS. As a group, equities analysts predict that Enova International will post 7.74 EPS for the current year.

Enova International announced that its board has initiated a share buyback plan on Monday, August 12th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the credit services provider to buy up to 12.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, General Counsel Sean Rahilly sold 10,158 shares of Enova International stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $81.36, for a total value of $826,454.88. Following the completion of the sale, the general counsel now directly owns 101,949 shares in the company, valued at approximately $8,294,570.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, General Counsel Sean Rahilly sold 10,158 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $81.36, for a total transaction of $826,454.88. Following the sale, the general counsel now directly owns 101,949 shares of the company’s stock, valued at approximately $8,294,570.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Steven E. Cunningham sold 23,867 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $81.54, for a total value of $1,946,115.18. Following the completion of the transaction, the chief financial officer now directly owns 133,471 shares of the company’s stock, valued at approximately $10,883,225.34. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,725 shares of company stock worth $4,690,053 in the last quarter. Corporate insiders own 7.80% of the company’s stock.

Institutional Trading of Enova International

A number of institutional investors and hedge funds have recently made changes to their positions in ENVA. GAMMA Investing LLC raised its position in Enova International by 27.6% during the second quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock valued at $53,000 after purchasing an additional 185 shares in the last quarter. J.Safra Asset Management Corp increased its stake in shares of Enova International by 83.8% in the 1st quarter. J.Safra Asset Management Corp now owns 930 shares of the credit services provider’s stock valued at $58,000 after purchasing an additional 424 shares during the last quarter. USA Financial Formulas acquired a new position in shares of Enova International during the 3rd quarter worth $76,000. SG Americas Securities LLC bought a new stake in shares of Enova International during the 1st quarter worth $223,000. Finally, Lazard Asset Management LLC boosted its stake in Enova International by 21.1% in the first quarter. Lazard Asset Management LLC now owns 3,649 shares of the credit services provider’s stock valued at $228,000 after buying an additional 636 shares in the last quarter. Institutional investors own 89.43% of the company’s stock.

About Enova International

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.