Zacks Investment Research Upgrades Enova International (ENVA) to “Strong-Buy”

Enova International (NYSE:ENVA) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Friday. The brokerage currently has a $19.00 price objective on the credit services provider’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 14.80% from the stock’s current price.

According to Zacks, “Enova International, Inc. is a provider of online financial services. It offers loans to customers in the United States and in the United Kingdom, Australia and Canada. The Company’s customers include consumers who have bank accounts but use alternative financial credit services because of their limited access to more traditional consumer credit from banks, thrifts, credit card companies and other lenders. Enova International, Inc is headquartered in Chicago. “

ENVA has been the subject of several other research reports. Maxim Group reissued a “buy” rating and issued a $18.00 price target on shares of Enova International in a research report on Monday, October 9th. Stephens reissued a “buy” rating and issued a $22.00 price target on shares of Enova International in a research report on Thursday, January 4th. ValuEngine cut shares of Enova International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 21st. Jefferies Group reissued a “buy” rating and issued a $17.00 price target on shares of Enova International in a research report on Thursday, October 12th. Finally, BidaskClub raised shares of Enova International from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Enova International has an average rating of “Buy” and an average price target of $18.20.

Shares of Enova International (NYSE:ENVA) opened at $16.55 on Friday. Enova International has a 1-year low of $11.15 and a 1-year high of $17.50. The company has a debt-to-equity ratio of 2.79, a current ratio of 8.14 and a quick ratio of 8.14. The firm has a market cap of $553.85, a P/E ratio of 14.52 and a beta of 3.45.

Enova International (NYSE:ENVA) last issued its quarterly earnings results on Thursday, October 26th. The credit services provider reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.09. Enova International had a net margin of 3.87% and a return on equity of 14.85%. The company had revenue of $217.88 million during the quarter, compared to analysts’ expectations of $210.27 million. During the same quarter last year, the company posted $0.28 EPS. The firm’s revenue was up 11.2% compared to the same quarter last year. equities analysts expect that Enova International will post 1.11 earnings per share for the current fiscal year.

In other Enova International news, Director Mark Mcgowan purchased 30,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was bought at an average price of $13.97 per share, with a total value of $419,100.00. Following the transaction, the director now directly owns 22,689 shares of the company’s stock, valued at approximately $316,965.33. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.60% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. CNA Financial Corp lifted its position in shares of Enova International by 31.4% during the 3rd quarter. CNA Financial Corp now owns 34,457 shares of the credit services provider’s stock worth $463,000 after purchasing an additional 8,232 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Enova International by 11.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 484,120 shares of the credit services provider’s stock worth $6,511,000 after purchasing an additional 50,818 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Enova International by 20.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 494,130 shares of the credit services provider’s stock worth $6,646,000 after purchasing an additional 84,514 shares during the last quarter. Dupont Capital Management Corp purchased a new stake in shares of Enova International during the 3rd quarter worth $1,090,000. Finally, Nomura Holdings Inc. lifted its position in shares of Enova International by 21.6% during the 2nd quarter. Nomura Holdings Inc. now owns 191,176 shares of the credit services provider’s stock worth $2,836,000 after purchasing an additional 33,989 shares during the last quarter. 97.24% of the stock is owned by institutional investors and hedge funds.

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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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