Shares of Enova International, Inc. (NYSE:ENVA) have received an average recommendation of “Buy” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $15.00.
Several research analysts have commented on ENVA shares. BidaskClub cut shares of Enova International from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Jefferies Group LLC reiterated a “buy” rating and issued a $17.00 price objective on shares of Enova International in a report on Friday, July 14th. Zacks Investment Research upgraded shares of Enova International from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Friday, June 2nd. Maxim Group initiated coverage on shares of Enova International in a report on Wednesday, July 12th. They issued a “buy” rating and a $18.00 price objective for the company. Finally, ValuEngine upgraded shares of Enova International from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd.
Hedge funds have recently added to or reduced their stakes in the stock. Blair William & Co. IL acquired a new stake in Enova International during the first quarter valued at approximately $165,000. Tudor Investment Corp ET AL purchased a new stake in shares of Enova International in the 2nd quarter valued at approximately $175,000. Arizona State Retirement System lifted its position in shares of Enova International by 1.7% in the 1st quarter. Arizona State Retirement System now owns 12,164 shares of the credit services provider’s stock valued at $181,000 after acquiring an additional 200 shares in the last quarter. Airain ltd purchased a new stake in shares of Enova International in the 1st quarter valued at approximately $187,000. Finally, Affinity Investment Advisors LLC lifted its position in shares of Enova International by 0.7% in the 2nd quarter. Affinity Investment Advisors LLC now owns 15,279 shares of the credit services provider’s stock valued at $227,000 after acquiring an additional 104 shares in the last quarter. 95.34% of the stock is owned by institutional investors and hedge funds.
Enova International (ENVA) traded up 0.82% during midday trading on Wednesday, hitting $12.30. 1,366,043 shares of the stock were exchanged. Enova International has a 52 week low of $8.68 and a 52 week high of $16.80. The firm’s 50-day moving average is $12.52 and its 200 day moving average is $13.92. The stock has a market cap of $414.30 million, a price-to-earnings ratio of 9.90 and a beta of 3.44.
Enova International (NYSE:ENVA) last posted its earnings results on Thursday, July 27th. The credit services provider reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. Enova International had a net margin of 5.42% and a return on equity of 15.97%. The firm had revenue of $189.90 million during the quarter, compared to analysts’ expectations of $193.70 million. During the same quarter in the prior year, the firm earned $0.25 EPS. Enova International’s quarterly revenue was up 10.1% on a year-over-year basis. Equities research analysts expect that Enova International will post $1.29 EPS for the current fiscal year.
Enova International announced that its board has approved a stock repurchase plan on Friday, September 15th that allows the company to buyback $25.00 million in shares. This buyback authorization allows the credit services provider to purchase up to 63% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.
Enova International Company Profile
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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