Enova International (NYSE:ENVA) Price Target Raised to $96.00 at TD Cowen

Enova International (NYSE:ENVA - Get Free Report) had its price objective hoisted by investment analysts at TD Cowen from $85.00 to $96.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a "hold" rating on the credit services provider's stock. TD Cowen's price target would suggest a potential upside of 8.88% from the stock's current price.

A number of other brokerages have also recently issued reports on ENVA. Janney Montgomery Scott cut Enova International from a "buy" rating to a "neutral" rating in a research note on Monday, August 26th. StockNews.com upgraded Enova International from a "hold" rating to a "buy" rating in a research note on Monday. JMP Securities lifted their price objective on Enova International from $103.00 to $109.00 and gave the company a "market outperform" rating in a research note on Wednesday. Finally, BTIG Research lifted their target price on Enova International from $90.00 to $110.00 and gave the stock a "buy" rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Enova International has an average rating of "Moderate Buy" and a consensus price target of $88.33.

Enova International Stock Down 1.9 %

Shares of ENVA traded down $1.70 on Wednesday, reaching $88.17. The stock had a trading volume of 595,100 shares, compared to its average volume of 233,316. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 15.86 and a beta of 1.43. The company has a debt-to-equity ratio of 2.78, a quick ratio of 12.07 and a current ratio of 12.07. The company has a 50-day simple moving average of $82.98 and a 200-day simple moving average of $71.38. Enova International has a 12-month low of $35.30 and a 12-month high of $96.01.

Enova International (NYSE:ENVA - Get Free Report) last released its earnings results on Tuesday, October 22nd. The credit services provider reported $2.45 EPS for the quarter, beating analysts' consensus estimates of $2.31 by $0.14. The company had revenue of $689.92 million during the quarter, compared to analysts' expectations of $666.33 million. Enova International had a return on equity of 16.53% and a net margin of 7.52%. The firm's revenue for the quarter was up 25.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.33 EPS. Sell-side analysts predict that Enova International will post 7.74 EPS for the current year.

Enova International announced that its Board of Directors has approved a stock buyback program on Monday, August 12th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the credit services provider to reacquire up to 12.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at Enova International

In other Enova International news, CFO Steven E. Cunningham sold 23,867 shares of the business's stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $81.54, for a total transaction of $1,946,115.18. Following the completion of the sale, the chief financial officer now owns 133,471 shares of the company's stock, valued at approximately $10,883,225.34. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, General Counsel Sean Rahilly sold 10,158 shares of the business's stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $81.36, for a total value of $826,454.88. Following the transaction, the general counsel now directly owns 101,949 shares in the company, valued at $8,294,570.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steven E. Cunningham sold 23,867 shares of the business's stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $81.54, for a total value of $1,946,115.18. Following the completion of the transaction, the chief financial officer now owns 133,471 shares in the company, valued at $10,883,225.34. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 56,725 shares of company stock valued at $4,690,053. Company insiders own 7.80% of the company's stock.

Hedge Funds Weigh In On Enova International

Several large investors have recently made changes to their positions in ENVA. GAMMA Investing LLC lifted its position in shares of Enova International by 27.6% in the second quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider's stock valued at $53,000 after acquiring an additional 185 shares in the last quarter. J.Safra Asset Management Corp lifted its position in shares of Enova International by 83.8% in the first quarter. J.Safra Asset Management Corp now owns 930 shares of the credit services provider's stock valued at $58,000 after acquiring an additional 424 shares in the last quarter. USA Financial Formulas purchased a new position in shares of Enova International in the third quarter valued at about $76,000. SG Americas Securities LLC purchased a new position in shares of Enova International in the first quarter valued at about $223,000. Finally, Lazard Asset Management LLC lifted its position in shares of Enova International by 21.1% in the first quarter. Lazard Asset Management LLC now owns 3,649 shares of the credit services provider's stock valued at $228,000 after acquiring an additional 636 shares in the last quarter. 89.43% of the stock is currently owned by hedge funds and other institutional investors.

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.