Brokerages Set Enova International, Inc. (NYSE:ENVA) Target Price at $136.50

Enova International, Inc. (NYSE:ENVA) has received a consensus rating of “Buy” from the eleven research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $163.6667.

ENVA has been the topic of several recent analyst reports. Zacks Research cut shares of Enova International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 25th. Citigroup restated an “outperform” rating on shares of Enova International in a research note on Friday, December 12th. Cowen restated a “buy” rating on shares of Enova International in a research report on Thursday. JMP Securities lifted their price objective on Enova International from $135.00 to $149.00 and gave the company a “market outperform” rating in a research note on Friday, October 24th. Finally, BTIG Research increased their target price on Enova International from $144.00 to $199.00 and gave the stock a “buy” rating in a research note on Friday, December 12th.

Enova International Stock Performance

Shares of Enova International stock opened at $161.48 on Monday. The firm has a market cap of $4.54 billion, a PE ratio of 14.84 and a beta of 1.27. The company has a quick ratio of 19.29, a current ratio of 19.29 and a debt-to-equity ratio of 3.20. Enova International has a 52 week low of $79.41 and a 52 week high of $168.68. The business’s fifty day simple moving average is $143.20 and its 200-day simple moving average is $124.21.

Enova International (NYSE:ENVA) last issued its quarterly earnings data on Thursday, October 23rd. The credit services provider reported $3.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.03 by $0.33. The firm had revenue of $460.71 million for the quarter, compared to analyst estimates of $806.63 million. Enova International had a net margin of 9.64% and a return on equity of 24.50%. Enova International’s revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.45 EPS. Equities analysts forecast that Enova International will post 10.31 earnings per share for the current year.

Enova International announced that its Board of Directors has initiated a stock buyback program on Wednesday, November 12th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the credit services provider to buy up to 12.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other Enova International news, CEO David Fisher sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $160.24, for a total value of $2,403,600.00. Following the completion of the transaction, the chief executive officer owned 348,223 shares of the company’s stock, valued at $55,799,253.52. This trade represents a 4.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Steven E. Cunningham sold 14,874 shares of the business’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $120.70, for a total transaction of $1,795,291.80. Following the completion of the transaction, the chief financial officer owned 127,719 shares of the company’s stock, valued at approximately $15,415,683.30. This trade represents a 10.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 41,874 shares of company stock valued at $5,680,052 in the last 90 days. Company insiders own 8.40% of the company’s stock.

Institutional Investors Weigh In On Enova International

Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC raised its position in Enova International by 2,933.1% in the 4th quarter. SG Americas Securities LLC now owns 138,975 shares of the credit services provider’s stock valued at $21,847,000 after purchasing an additional 134,393 shares in the last quarter. GAMMA Investing LLC lifted its stake in Enova International by 14.2% in the fourth quarter. GAMMA Investing LLC now owns 2,722 shares of the credit services provider’s stock worth $428,000 after acquiring an additional 338 shares during the last quarter. Danske Bank A S purchased a new position in Enova International in the third quarter worth approximately $991,000. CSM Advisors LLC grew its holdings in Enova International by 16.7% during the 3rd quarter. CSM Advisors LLC now owns 62,550 shares of the credit services provider’s stock worth $7,199,000 after acquiring an additional 8,972 shares in the last quarter. Finally, Horizon Investments LLC increased its position in shares of Enova International by 5.9% in the 3rd quarter. Horizon Investments LLC now owns 14,054 shares of the credit services provider’s stock valued at $1,617,000 after purchasing an additional 789 shares during the last quarter. Hedge funds and other institutional investors own 89.43% of the company’s stock.

About Enova International

Enova International, Inc (NYSE: ENVA) is a Chicago-based financial services company specializing in online lending solutions. Since its founding in 2004, Enova has leveraged proprietary data analytics and technology platforms to underwrite and deliver short-term consumer loans, lines of credit and installment loans. Through its flagship consumer brand NetCredit, Enova provides flexible credit options designed to serve a wide range of borrowers, including those with limited or non-traditional credit histories.

In addition to its U.S.