Enova International, Inc. (ENVA) Upgraded at BidaskClub
BidaskClub upgraded shares of Enova International, Inc. (NYSE:ENVA) from a strong sell rating to a sell rating in a report published on Wednesday morning.
Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Enova International from a hold rating to a buy rating and set a $15.00 price objective on the stock in a report on Friday, June 2nd. Jefferies Group LLC reaffirmed a buy rating and set a $17.00 price target on shares of Enova International in a report on Friday, July 14th. Maxim Group assumed coverage on shares of Enova International in a report on Wednesday, July 12th. They set a buy rating and a $18.00 price target on the stock. Finally, ValuEngine raised shares of Enova International from a buy rating to a strong-buy rating in a report on Friday, June 2nd. One equities 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 issued a strong buy rating to the stock. The company has an average rating of Buy and an average target price of $14.42.
Enova International (NYSE ENVA) traded down 4.02% during mid-day trading on Wednesday, reaching $11.95. 263,239 shares of the company were exchanged. The stock has a 50 day moving average of $13.02 and a 200-day moving average of $14.00. Enova International has a one year low of $8.68 and a one year high of $16.80. The stock has a market capitalization of $402.51 million, a price-to-earnings ratio of 9.62 and a beta of 3.44.
Enova International (NYSE:ENVA) last posted its quarterly earnings data on Thursday, July 27th. The credit services provider reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. The company had revenue of $189.90 million for the quarter, compared to the consensus estimate of $193.70 million. Enova International had a net margin of 5.42% and a return on equity of 15.97%. The firm’s revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.25 earnings per share. On average, equities analysts expect that Enova International will post $1.29 earnings per share for the current fiscal year.
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A number of large investors have recently modified their holdings of ENVA. Tieton Capital Management LLC purchased a new position in Enova International during the second quarter valued at approximately $5,056,000. William Blair Investment Management LLC purchased a new position in Enova International during the first quarter valued at approximately $3,641,000. TIAA CREF Investment Management LLC lifted its holdings in Enova International by 108.3% during the second quarter. TIAA CREF Investment Management LLC now owns 389,302 shares of the credit services provider’s stock valued at $5,781,000 after purchasing an additional 202,404 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in Enova International by 982.1% during the second quarter. Municipal Employees Retirement System of Michigan now owns 141,430 shares of the credit services provider’s stock valued at $2,100,000 after purchasing an additional 128,360 shares in the last quarter. Finally, James Investment Research Inc. purchased a new position in Enova International during the second quarter valued at approximately $1,601,000. 95.34% of the stock is currently owned by institutional investors and hedge funds.
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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