Enova International, Inc. (ENVA) Given Consensus Recommendation of “Buy” by Analysts
Shares of Enova International, Inc. (NYSE:ENVA) have been given an average rating of “Buy” by the nine brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $15.00.
A number of research analysts have recently weighed in on the company. Zacks Investment Research cut Enova International from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. BidaskClub cut Enova International from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Maxim Group started coverage on Enova International in a research note on Wednesday, July 12th. They set a “buy” rating and a $18.00 target price on the stock. ValuEngine raised Enova International from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Finally, Jefferies Group LLC reissued a “buy” rating and set a $17.00 target price on shares of Enova International in a research note on Friday, July 14th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blair William & Co. IL bought a new position in shares of Enova International during the 1st quarter valued at approximately $165,000. Tudor Investment Corp ET AL bought a new position in shares of Enova International during the 2nd quarter valued at approximately $175,000. Arizona State Retirement System increased its position in shares of Enova International by 1.7% during the 1st quarter. Arizona State Retirement System now owns 12,164 shares of the credit services provider’s stock valued at $181,000 after purchasing an additional 200 shares during the last quarter. Airain ltd bought a new position in shares of Enova International during the 1st quarter valued at approximately $187,000. Finally, Affinity Investment Advisors LLC increased its position in shares of Enova International by 0.7% during the 2nd quarter. Affinity Investment Advisors LLC now owns 15,279 shares of the credit services provider’s stock valued at $227,000 after purchasing an additional 104 shares during the last quarter. 95.32% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Enova International (NYSE:ENVA) traded up 12.20% during trading on Wednesday, hitting $13.80. 486,773 shares of the company were exchanged. The company has a 50 day moving average of $12.49 and a 200-day moving average of $13.91. The stock has a market capitalization of $464.83 million, a PE ratio of 11.11 and a beta of 3.44. Enova International has a 1-year low of $8.68 and a 1-year high of $16.80.
Enova International (NYSE:ENVA) last posted its quarterly earnings data on Thursday, July 27th. The credit services provider reported $0.35 earnings per share for the quarter, meeting the Zacks’ 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 analysts’ expectations of $193.70 million. During the same period in the previous year, the firm earned $0.25 EPS. The business’s quarterly 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.
Enova International announced that its board has initiated a share buyback program on Friday, September 15th that permits the company to repurchase $25.00 million in outstanding shares. This repurchase authorization permits the credit services provider to buy up to 63% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.
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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