Enova International (ENVA) Hits New 12-Month High at $22.95

Enova International Inc (NYSE:ENVA) reached a new 52-week high on Monday . The stock traded as high as $22.95 and last traded at $22.95, with a volume of 479900 shares. The stock had previously closed at $22.60.

Several research firms have weighed in on ENVA. Jefferies Group restated a “buy” rating and set a $24.00 target price on shares of Enova International in a research note on Friday, February 2nd. Maxim Group restated a “buy” rating and set a $23.00 target price on shares of Enova International in a research note on Monday, February 5th. TheStreet upgraded Enova International from a “d+” rating to a “c” rating in a research note on Monday, October 30th. Zacks Investment Research upgraded Enova International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, JMP Securities upped their target price on Enova International from $19.00 to $24.00 and gave the stock a “market outperform” rating in a research note on Friday, February 2nd. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $22.40.

The stock has a market capitalization of $768.02, a P/E ratio of 35.86 and a beta of 3.33. The company has a debt-to-equity ratio of 2.80, a quick ratio of 8.14 and a current ratio of 9.31.

Enova International (NYSE:ENVA) last announced its quarterly earnings results on Thursday, February 1st. The credit services provider reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.03. Enova International had a return on equity of 14.11% and a net margin of 3.47%. The company had revenue of $243.69 million during the quarter, compared to analysts’ expectations of $230.97 million. During the same period in the prior year, the company earned $0.25 EPS. Enova International’s revenue was up 20.4% compared to the same quarter last year. analysts anticipate that Enova International Inc will post 1.75 earnings per share for the current fiscal year.

In other news, Director James A. Gray sold 25,000 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $20.07, for a total value of $501,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.50% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hartford Investment Management Co. acquired a new stake in Enova International in the third quarter valued at $178,000. MetLife Investment Advisors LLC acquired a new stake in Enova International in the fourth quarter valued at $198,000. Crossmark Global Holdings Inc. acquired a new stake in Enova International in the third quarter valued at $228,000. SG Americas Securities LLC acquired a new stake in Enova International in the fourth quarter valued at $236,000. Finally, Public Employees Retirement System of Ohio increased its holdings in Enova International by 69.0% in the third quarter. Public Employees Retirement System of Ohio now owns 23,598 shares of the credit services provider’s stock valued at $317,000 after purchasing an additional 9,637 shares during the period. Institutional investors and hedge funds own 97.56% of the company’s stock.

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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.

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