Analysts Set Enova International Inc. (ENVA) Price Target at $9.40
Shares of Enova International Inc. (NYSE:ENVA) have earned a consensus recommendation of “Buy” from the six brokerages that are currently covering the firm. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $9.40.
A number of equities analysts have commented on ENVA shares. FBR & Co upped their price target on Enova International from $8.50 to $9.00 and gave the company a “market perform” rating in a research report on Friday, July 29th. Zacks Investment Research upgraded Enova International from a “hold” rating to a “strong-buy” rating and set a $10.00 price target for the company in a research report on Tuesday, August 2nd. Jefferies Group started coverage on Enova International in a research report on Thursday, September 1st. They issued a “buy” rating and a $12.00 price target for the company. Finally, JMP Securities set a $11.50 price target on Enova International and gave the company a “market outperform” rating in a research report on Tuesday, September 13th.
In related news, major shareholder Firstcash, Inc sold 81,145 shares of the stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $9.05, for a total value of $734,362.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Cash America International Inc sold 19,230 shares of the stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $9.36, for a total value of $179,992.80. Following the completion of the transaction, the insider now owns 424,912 shares of the company’s stock, valued at $3,977,176.32. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Matarin Capital Management LLC acquired a new position in shares of Enova International during the third quarter valued at $112,000. California State Teachers Retirement System boosted its position in Enova International by 0.7% in the third quarter. California State Teachers Retirement System now owns 55,986 shares of the company’s stock worth $542,000 after buying an additional 400 shares during the period. Rhumbline Advisers boosted its position in Enova International by 8.8% in the third quarter. Rhumbline Advisers now owns 39,636 shares of the company’s stock worth $384,000 after buying an additional 3,206 shares during the period. Teachers Advisors LLC boosted its position in Enova International by 39.8% in the third quarter. Teachers Advisors LLC now owns 68,676 shares of the company’s stock worth $665,000 after buying an additional 19,569 shares during the period. Finally, Metropolitan Life Insurance Co. NY purchased a new position in Enova International during the second quarter worth approximately $142,000. Institutional investors own 63.86% of the company’s stock.
Shares of Enova International (NYSE:ENVA) opened at 9.95 on Thursday. Enova International has a 12 month low of $4.64 and a 12 month high of $10.44. The firm’s 50-day moving average price is $9.27 and its 200-day moving average price is $8.50. The company has a market capitalization of $330.48 million, a price-to-earnings ratio of 11.04 and a beta of 3.37.
Enova International (NYSE:ENVA) last announced its earnings results on Thursday, October 27th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.07. Enova International had a return on equity of 13.34% and a net margin of 4.18%. The business earned $195.94 million during the quarter, compared to analysts’ expectations of $184.70 million. During the same quarter in the prior year, the firm earned $0.19 earnings per share. The business’s revenue was up 18.6% compared to the same quarter last year. Equities research analysts expect that Enova International will post $0.99 EPS for the current year.
Enova International Company Profile
Enova International, Inc (Enova) is a provider of online financial services to non-prime consumers and small businesses, providing access to credit powered by its advanced analytics, technology, and online platform and services. Enova has provided over four million customers around the globe access to more than $17 billion in loans and financing.
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