Enova International Inc (NYSE:ENVA)‘s stock had its “buy” rating restated by equities research analysts at Maxim Group in a report issued on Monday. They currently have a $18.00 price target on the credit services provider’s stock. Maxim Group’s price objective would suggest a potential upside of 25.44% from the company’s current price.
The analysts wrote, “On October 5, the Consumer Financial Protection Bureau (CFPB) published its final rule related to high-cost personal consumer loans. Unlike the previously proposed small dollar rule,” which would have impacted the underwriting of almost all high-cost personal consumer loans, the final rule was narrowed to impact the underwriting of only payday loans, auto title loans, and balloon- payment loans, that is, single-pay loans.””
Other equities analysts have also issued research reports about the stock. BidaskClub lowered 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 target price on shares of Enova International in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Enova International presently has an average rating of “Buy” and a consensus price target of $15.00.
Shares of Enova International (NYSE ENVA) opened at 14.35 on Monday. The stock has a 50 day moving average of $12.76 and a 200 day moving average of $13.89. Enova International has a 1-year low of $8.68 and a 1-year high of $16.80. The firm has a market cap of $483.35 million, a PE ratio of 11.55 and a beta of 3.48.
Enova International (NYSE:ENVA) last announced its earnings results on Thursday, July 27th. The credit services provider reported $0.35 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.35. The firm had revenue of $189.90 million during the quarter, compared to analyst estimates of $193.70 million. Enova International had a net margin of 6.25% and a return on equity of 17.87%. Enova International’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS. Equities research analysts anticipate that Enova International will post $1.29 earnings per share for the current fiscal year.
Enova International announced that its board has approved a share repurchase plan on Friday, September 15th that permits the company to buyback $25.00 million in shares. This buyback authorization permits the credit services provider to purchase up to 63% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
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Hedge funds have recently bought and sold shares of the business. Thrivent Financial For Lutherans lifted its stake in Enova International by 0.4% during the first quarter. Thrivent Financial For Lutherans now owns 121,247 shares of the credit services provider’s stock valued at $1,800,000 after buying an additional 480 shares in the last quarter. Affinity Investment Advisors LLC lifted its stake in Enova International by 0.7% during the second quarter. Affinity Investment Advisors LLC now owns 15,279 shares of the credit services provider’s stock valued at $227,000 after buying an additional 104 shares in the last quarter. Tieton Capital Management LLC purchased a new stake in Enova International during the second quarter valued at about $5,056,000. CNA Financial Corp lifted its stake in Enova International by 4.4% during the first quarter. CNA Financial Corp now owns 26,225 shares of the credit services provider’s stock valued at $389,000 after buying an additional 1,100 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Enova International by 20.8% during the second quarter. Bank of New York Mellon Corp now owns 409,616 shares of the credit services provider’s stock valued at $6,083,000 after buying an additional 70,637 shares in the last quarter. 95.32% of the stock is owned by institutional investors.
About Enova International
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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