Enova International (NYSE:ENVA) Upgraded by TD Cowen to "Buy" Rating

TD Cowen upgraded shares of Enova International (NYSE:ENVA - Free Report) from a hold rating to a buy rating in a report released on Tuesday morning, Marketbeat.com reports. The firm currently has $17.00 price target on the credit services provider's stock.

ENVA has been the subject of several other research reports. Maxim Group lifted their target price on shares of Enova International from $108.00 to $138.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. JMP Securities raised their price objective on shares of Enova International from $125.00 to $135.00 and gave the stock a "market outperform" rating in a research report on Wednesday, February 5th. BTIG Research upped their target price on Enova International from $122.00 to $129.00 and gave the company a "buy" rating in a research report on Wednesday, February 5th. Finally, Stephens lifted their price target on Enova International from $115.00 to $136.00 and gave the stock an "overweight" rating in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $98.86.

Enova International Stock Down 7.3 %

Shares of NYSE:ENVA traded down $6.76 during trading on Tuesday, hitting $85.40. 453,403 shares of the company were exchanged, compared to its average volume of 224,338. Enova International has a fifty-two week low of $57.46 and a fifty-two week high of $117.56. The company has a current ratio of 9.52, a quick ratio of 15.82 and a debt-to-equity ratio of 2.98. The firm has a fifty day moving average price of $102.37 and a two-hundred day moving average price of $97.92. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 11.48 and a beta of 1.43.

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Enova International (NYSE:ENVA - Get Free Report) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.08. Enova International had a net margin of 7.88% and a return on equity of 19.94%. As a group, research analysts anticipate that Enova International will post 10.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO David Fisher sold 5,000 shares of Enova International stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $101.75, for a total transaction of $508,750.00. Following the sale, the chief executive officer now directly owns 348,223 shares in the company, valued at $35,431,690.25. This trade represents a 1.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steven E. Cunningham sold 25,733 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $116.50, for a total transaction of $2,997,894.50. Following the sale, the chief financial officer now directly owns 155,855 shares in the company, valued at $18,157,107.50. The trade was a 14.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,188 shares of company stock worth $3,559,693. Corporate insiders own 7.80% of the company's stock.

Institutional Trading of Enova International

Several institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets grew its position in shares of Enova International by 42.7% in the 4th quarter. BNP Paribas Financial Markets now owns 82,872 shares of the credit services provider's stock valued at $7,946,000 after buying an additional 24,806 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of Enova International by 32.2% in the fourth quarter. Lazard Asset Management LLC now owns 28,934 shares of the credit services provider's stock worth $2,773,000 after acquiring an additional 7,043 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Enova International in the fourth quarter valued at approximately $547,000. New Age Alpha Advisors LLC acquired a new stake in Enova International during the 4th quarter valued at approximately $371,000. Finally, J.Safra Asset Management Corp raised its holdings in Enova International by 205.4% during the 4th quarter. J.Safra Asset Management Corp now owns 3,552 shares of the credit services provider's stock worth $344,000 after purchasing an additional 2,389 shares during the last quarter. Institutional investors own 89.43% of the company's stock.

Enova International Company Profile

Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, and internationally. The company provides installment loans; line of credit accounts; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs, such as marketing services and loan servicing for near-prime unsecured consumer installment loan.