Enova International, Inc. (NYSE:ENVA) Receives Consensus Recommendation of “Buy” from Brokerages

Enova International, Inc. (NYSE:ENVA) has received an average recommendation of “Buy” from the eight analysts that are currently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $198.80.

ENVA has been the subject of a number of recent research reports. Maxim Group lifted their target price on Enova International from $191.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Stephens lifted their target price on Enova International from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Enova International in a report on Tuesday, April 21st. TD Cowen lifted their target price on Enova International from $165.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, Citizens Jmp lifted their target price on Enova International from $182.00 to $195.00 and gave the stock a “market outperform” rating in a report on Friday, April 24th.

Enova International Stock Performance

NYSE:ENVA opened at $171.56 on Thursday. The company has a debt-to-equity ratio of 3.45, a current ratio of 20.42 and a quick ratio of 20.42. Enova International has a 1 year low of $92.75 and a 1 year high of $176.68. The stock’s 50 day simple moving average is $158.85 and its two-hundred day simple moving average is $152.26. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 13.89 and a beta of 1.28.

Enova International (NYSE:ENVA) last released its quarterly earnings data on Thursday, April 23rd. The credit services provider reported $3.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.66 by $0.21. The business had revenue of $875.14 million for the quarter, compared to the consensus estimate of $854.52 million. Enova International had a return on equity of 25.89% and a net margin of 9.95%.The company’s revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.98 EPS. As a group, equities analysts anticipate that Enova International will post 15.37 earnings per share for the current fiscal year.

Insider Transactions at Enova International

In other news, Director William M. Goodyear sold 6,231 shares of Enova International stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $166.08, for a total value of $1,034,844.48. Following the completion of the transaction, the director owned 68,740 shares in the company, valued at approximately $11,416,339.20. The trade was a 8.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Steven E. Cunningham sold 7,852 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $175.50, for a total value of $1,378,026.00. Following the sale, the chief executive officer directly owned 122,945 shares of the company’s stock, valued at $21,576,847.50. This represents a 6.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 50,322 shares of company stock worth $8,491,326. 8.40% of the stock is currently owned by company insiders.

Institutional Trading of Enova International

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC increased its stake in Enova International by 1,503.3% in the first quarter. Parallel Advisors LLC now owns 481 shares of the credit services provider’s stock worth $65,000 after purchasing an additional 451 shares during the period. McIlrath & Eck LLC purchased a new position in Enova International in the 1st quarter worth about $34,000. California State Teachers Retirement System increased its stake in Enova International by 26.7% in the 1st quarter. California State Teachers Retirement System now owns 29,411 shares of the credit services provider’s stock worth $3,995,000 after buying an additional 6,205 shares during the period. Hillsdale Investment Management Inc. increased its stake in Enova International by 3.9% in the 1st quarter. Hillsdale Investment Management Inc. now owns 62,211 shares of the credit services provider’s stock worth $8,450,000 after buying an additional 2,351 shares during the period. Finally, Emerald Mutual Fund Advisers Trust increased its stake in Enova International by 19.9% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 19,902 shares of the credit services provider’s stock worth $2,703,000 after buying an additional 3,299 shares during the period. 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.