Enova International (NYSE:ENVA) had its price objective boosted by JMP Securities from $19.00 to $24.00 in a research note published on Friday, February 2nd. The brokerage currently has a market outperform rating on the credit services provider’s stock.
A number of other brokerages also recently issued reports on ENVA. Maxim Group reissued a buy rating and set a $18.00 target price on shares of Enova International in a research note on Monday, October 9th. Zacks Investment Research raised Enova International from a hold rating to a strong-buy rating and set a $19.00 price objective for the company in a research note on Friday, January 12th. BidaskClub raised Enova International from a sell rating to a hold rating in a research note on Wednesday, October 11th. ValuEngine downgraded Enova International from a strong-buy rating to a buy rating in a research report on Saturday, October 21st. Finally, Jefferies Group restated a buy rating and set a $24.00 price objective on shares of Enova International in a report on Friday, February 2nd. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $22.40.
Shares of Enova International (NYSE ENVA) traded down $0.05 during midday trading on Friday, hitting $20.35. The company had a trading volume of 32,238 shares, compared to its average volume of 374,224. Enova International has a 1 year low of $11.15 and a 1 year high of $21.30. The company has a current ratio of 9.31, a quick ratio of 8.14 and a debt-to-equity ratio of 2.80. The firm has a market cap of $683.49, a PE ratio of 18.21 and a beta of 3.46.
Enova International (NYSE:ENVA) last posted its quarterly earnings data on Thursday, February 1st. The credit services provider reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. The company had revenue of $243.69 million during the quarter, compared to analysts’ expectations of $230.97 million. Enova International had a return on equity of 14.11% and a net margin of 3.47%. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period last year, the firm earned $0.25 EPS. research analysts forecast that Enova International will post 1.75 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in ENVA. TIAA CREF Investment Management LLC boosted its stake in Enova International by 108.3% in the second quarter. TIAA CREF Investment Management LLC now owns 389,302 shares of the credit services provider’s stock valued at $5,781,000 after acquiring an additional 202,404 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Enova International by 20.6% in the third quarter. Bank of New York Mellon Corp now owns 494,130 shares of the credit services provider’s stock valued at $6,646,000 after buying an additional 84,514 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Enova International by 23.9% in the second quarter. Ameriprise Financial Inc. now owns 433,302 shares of the credit services provider’s stock valued at $6,434,000 after buying an additional 83,475 shares in the last quarter. Dupont Capital Management Corp bought a new position in shares of Enova International in the third quarter valued at $1,090,000. Finally, State Street Corp raised its stake in Enova International by 11.1% during the 2nd quarter. State Street Corp now owns 640,940 shares of the credit services provider’s stock valued at $9,516,000 after purchasing an additional 63,865 shares during the period. 97.14% of the stock is currently owned by institutional investors.
TRADEMARK VIOLATION NOTICE: This story was posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.thelincolnianonline.com/2018/02/12/jmp-securities-raises-enova-international-enva-price-target-to-24-00-updated.html.
Enova International Company Profile
Enova International, Inc is a technology and analytics company. The Company provides online financial services. As of December 31, 2016, the Company offered or arranged loans to consumers in 33 states in the United States and in the United Kingdom and Brazil. As of December 31, 2016, it also offered financing to small businesses in all 50 states and Washington DC in the United States.
Receive News & Ratings for Enova International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enova International and related companies with MarketBeat.com's FREE daily email newsletter.