Enova International (ENVA) Upgraded by Zacks Investment Research to Buy
Zacks Investment Research upgraded shares of Enova International (NYSE:ENVA) from a hold rating to a buy rating in a research report report published on Tuesday. Zacks Investment Research currently has $17.00 price objective on the credit services provider’s stock.
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. “
A number of other analysts have also recently weighed in on the company. TheStreet raised Enova International from a d+ rating to a c rating in a research report on Monday, October 30th. Maxim Group reiterated a buy rating and issued a $18.00 price objective on shares of Enova International in a research note on Monday, October 30th. BidaskClub upgraded Enova International from a hold rating to a buy rating in a research note on Saturday, October 21st. ValuEngine lowered Enova International from a strong-buy rating to a buy rating in a research note on Saturday, October 21st. Finally, Jefferies Group reiterated a buy rating and issued a $17.00 price objective on shares of Enova International in a research note on Thursday, October 12th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $16.75.
Enova International (NYSE:ENVA) last released its quarterly earnings data on Thursday, October 26th. The credit services provider reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.09. Enova International had a return on equity of 14.85% and a net margin of 3.87%. The firm had revenue of $217.88 million during the quarter, compared to analysts’ expectations of $210.27 million. During the same quarter last year, the firm earned $0.28 earnings per share. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. equities analysts forecast that Enova International will post 1.11 EPS for the current year.
Enova International declared that its board has approved a share repurchase program on Friday, September 15th that allows the company to repurchase $25.00 million in outstanding shares. This repurchase authorization allows the credit services provider to purchase up to 63% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
In other Enova International news, Director Mark Mcgowan acquired 30,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were acquired at an average cost of $13.97 per share, for a total transaction of $419,100.00. Following the completion of the purchase, the director now owns 22,689 shares of the company’s stock, valued at approximately $316,965.33. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.50% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of ENVA. Tieton Capital Management LLC bought a new position in Enova International during the second quarter valued at about $5,056,000. TIAA CREF Investment Management LLC increased its stake 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 acquiring an additional 202,404 shares during the period. William Blair Investment Management LLC increased its stake in Enova International by 82.1% during the second quarter. William Blair Investment Management LLC now owns 446,499 shares of the credit services provider’s stock valued at $6,631,000 after acquiring an additional 201,291 shares during the period. Bank of New York Mellon Corp increased its stake in Enova International by 20.6% during the third quarter. Bank of New York Mellon Corp now owns 494,130 shares of the credit services provider’s stock valued at $6,646,000 after acquiring an additional 84,514 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in Enova International by 23.9% during the second quarter. Ameriprise Financial Inc. now owns 433,302 shares of the credit services provider’s stock valued at $6,434,000 after acquiring an additional 83,475 shares during the period. Hedge funds and other institutional investors own 97.34% of the company’s stock.
TRADEMARK VIOLATION WARNING: This article was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another website, it was stolen and republished in violation of United States & international copyright law. The legal version of this article can be read at https://www.thecerbatgem.com/2017/12/13/enova-international-enva-upgraded-by-zacks-investment-research-to-buy.html.
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.
Receive News & Stock Ratings for Enova International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enova International and related stocks with our FREE daily email newsletter.