Maxim Group restated their buy rating on shares of Enova International (NYSE:ENVA) in a research note issued to investors on Monday. The brokerage currently has a $23.00 price target on the credit services provider’s stock.

“4Q17 results were strong, with key metrics above or toward the high end of management’s guidance range. We are raising our 2018 EPS estimate to $1.69, from $1.58, and our 2018 adjusted EBITDA estimate to $188 million, from $186 million. Importantly, we have more confidence in our estimates, due to credit quality (the most important success factor, in our view) remaining stable as loans have grown. We reiterate our Buy rating are raise our price target to $23, from $18, based on our higher estimates and increased confidence underscored by steady profitability since the formation of the company in 2011.”,” Maxim Group’s analyst commented.

ENVA has been the topic of several other research reports. Zacks Investment Research upgraded shares of Enova International from a hold rating to a strong-buy rating and set a $19.00 price target on the stock in a research note on Friday, January 12th. Stephens reiterated a buy rating and issued a $22.00 price target on shares of Enova International in a research note on Thursday, January 4th. ValuEngine cut shares of Enova International from a strong-buy rating to a buy rating in a research note on Saturday, October 21st. Jefferies Group reiterated a buy rating and issued a $17.00 price target on shares of Enova International in a research note on Thursday, October 12th. Finally, BidaskClub upgraded shares of Enova International from a sell rating to a hold rating in a research note on Wednesday, October 11th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Enova International currently has a consensus rating of Buy and a consensus target price of $22.40.

Enova International (NYSE ENVA) opened at $20.30 on Monday. The firm has a market cap of $667.62, a price-to-earnings ratio of 23.60 and a beta of 3.33. The company has a quick ratio of 8.14, a current ratio of 9.31 and a debt-to-equity ratio of 2.80. Enova International has a 1-year low of $11.15 and a 1-year high of $21.30.

Enova International (NYSE:ENVA) last issued its earnings results on Thursday, February 1st. The credit services provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.03. The company had revenue of $243.69 million during the quarter, compared to the consensus estimate of $230.97 million. Enova International had a net margin of 3.47% and a return on equity of 14.11%. Enova International’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS. analysts expect that Enova International will post 1.67 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System raised its position in shares of Enova International by 12.3% during the 2nd quarter. California State Teachers Retirement System now owns 58,586 shares of the credit services provider’s stock valued at $870,000 after buying an additional 6,400 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Enova International by 12.8% during the 2nd quarter. Teachers Advisors LLC now owns 59,185 shares of the credit services provider’s stock valued at $879,000 after buying an additional 6,735 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Enova International by 5.0% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 148,570 shares of the credit services provider’s stock valued at $1,998,000 after buying an additional 7,140 shares in the last quarter. CNA Financial Corp raised its position in shares of Enova International by 31.4% during the 3rd quarter. CNA Financial Corp now owns 34,457 shares of the credit services provider’s stock valued at $463,000 after buying an additional 8,232 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of Enova International by 16.5% during the 3rd quarter. Rhumbline Advisers now owns 66,351 shares of the credit services provider’s stock valued at $892,000 after buying an additional 9,405 shares in the last quarter. Institutional investors and hedge funds own 97.46% of the company’s stock.

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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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