BidaskClub Downgrades Enova International, Inc. (NYSE:ENVA) to Strong Sell
Enova International, Inc. (NYSE:ENVA) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday.
Several other equities research analysts also recently weighed in on ENVA. Maxim Group assumed coverage on Enova International in a report on Wednesday, July 12th. They set a “buy” rating and a $18.00 price target on the stock. Jefferies Group LLC restated a “buy” rating and set a $17.00 price target on shares of Enova International in a report on Friday, July 14th. Zacks Investment Research upgraded Enova International from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Friday, June 2nd. Finally, ValuEngine upgraded Enova International from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $14.42.
Enova International (NYSE ENVA) opened at 12.65 on Friday. The stock has a market cap of $426.09 million, a price-to-earnings ratio of 10.19 and a beta of 3.41. Enova International has a 52 week low of $8.68 and a 52 week high of $16.80. The stock’s 50 day moving average price is $14.93 and its 200 day moving average price is $14.33.
Enova International (NYSE:ENVA) last posted its earnings results on Thursday, July 27th. The credit services provider reported $0.35 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. Enova International had a return on equity of 15.97% and a net margin of 5.42%. The firm had revenue of $189.90 million for the quarter, compared to analyst estimates of $193.70 million. During the same quarter in the prior year, the company earned $0.25 EPS. Enova International’s revenue was up 10.1% on a year-over-year basis. On average, analysts forecast that Enova International will post $1.29 earnings per share for the current year.
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Large investors have recently modified their holdings of the company. Blair William & Co. IL bought a new stake in shares of Enova International during the first quarter valued at $165,000. Arizona State Retirement System increased its stake in shares of Enova International by 1.7% in the first quarter. Arizona State Retirement System now owns 12,164 shares of the credit services provider’s stock valued at $181,000 after buying an additional 200 shares during the period. Airain ltd bought a new stake in shares of Enova International during the first quarter valued at $187,000. Affinity Investment Advisors LLC acquired a new position in Enova International during the first quarter worth approximately $225,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in Enova International during the first quarter worth approximately $230,000. Institutional investors own 92.56% of the company’s stock.
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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