TD Cowen Increases Enova International (NYSE:ENVA) Price Target to $250.00

Enova International (NYSE:ENVA) had its price objective increased by equities research analysts at TD Cowen from $190.00 to $250.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the credit services provider’s stock. TD Cowen’s price objective suggests a potential upside of 5.40% from the company’s previous close.

Several other analysts have also recently commented on the company. Zacks Research cut Enova International from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Citizens Jmp upped their price objective on Enova International from $195.00 to $270.00 and gave the stock a “market outperform” rating in a report on Friday, June 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Enova International in a research report on Tuesday, April 21st. Stephens raised their target price on Enova International from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Finally, BTIG Research boosted their target price on shares of Enova International from $199.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Enova International presently has an average rating of “Moderate Buy” and an average price target of $240.00.

Enova International Stock Performance

NYSE ENVA traded up $2.40 during trading hours on Tuesday, hitting $237.19. 49,114 shares of the stock were exchanged, compared to its average volume of 302,605. The company has a market cap of $5.90 billion, a price-to-earnings ratio of 19.22 and a beta of 1.21. Enova International has a 12-month low of $99.61 and a 12-month high of $246.38. The stock has a 50-day moving average of $184.16 and a 200 day moving average of $162.80. The company has a quick ratio of 20.42, a current ratio of 20.42 and a debt-to-equity ratio of 3.45.

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

Insider Transactions at Enova International

In other news, Chairman David Fisher sold 33,060 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $199.05, for a total value of $6,580,593.00. Following the completion of the transaction, the chairman owned 306,444 shares in the company, valued at $60,997,678.20. This trade represents a 9.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William M. Goodyear sold 3,500 shares of Enova International stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $188.02, for a total value of $658,070.00. Following the transaction, the director directly owned 50,820 shares of the company’s stock, valued at $9,555,176.40. This trade represents a 6.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 106,882 shares of company stock valued at $19,757,389 in the last three months. 8.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Enova International

Large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its position in Enova International by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 611,208 shares of the credit services provider’s stock worth $96,095,000 after acquiring an additional 18,258 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Enova International by 2,933.1% in the fourth 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 during the last quarter. CX Institutional grew its position in shares of Enova International by 2.7% in the fourth quarter. CX Institutional now owns 72,224 shares of the credit services provider’s stock valued at $11,354,000 after purchasing an additional 1,872 shares during the last quarter. CSM Advisors LLC increased its stake in shares of 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 purchasing an additional 8,972 shares in the last quarter. Finally, Hillsdale Investment Management Inc. increased its stake in shares of Enova International by 3.9% during the 1st quarter. Hillsdale Investment Management Inc. now owns 62,211 shares of the credit services provider’s stock worth $8,450,000 after purchasing an additional 2,351 shares in the last quarter. 89.43% of the stock is owned by institutional investors and hedge funds.

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.