Enova International’s (ENVA) “Buy” Rating Reaffirmed at Maxim Group

Enova International (NYSE:ENVA)‘s stock had its “buy” rating reissued by investment analysts at Maxim Group in a research note issued to investors on Tuesday. They currently have a $27.00 target price on the credit services provider’s stock, up from their prior target price of $23.00. Maxim Group’s price objective would suggest a potential upside of 17.65% from the stock’s current price.

The analysts wrote, “With positive stock price performance since reporting 4Q17 results on February 1, ENVA shares are approaching our previous price target of $23. We are raising our price target to $27, based on earnings momentum and increased confidence in our estimates. For more in depth views on the sector, please see our Industry report from this morning; fintech Lending’s Dirty Little Secrets: Not So Dirty.””

Other research analysts have also recently issued reports about the company. Zacks Investment Research raised Enova International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 31st. TheStreet raised Enova International from a “d+” rating to a “c” rating in a research note on Monday, October 30th. JMP Securities raised their price objective 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. Jefferies Group reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Enova International in a research note on Friday, February 2nd. Finally, Stephens reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Enova International in a research note on Thursday, January 4th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $23.20.

Enova International (ENVA) opened at $22.95 on Tuesday. The stock has a market capitalization of $768.93, a PE ratio of 26.69 and a beta of 3.46. The company has a debt-to-equity ratio of 2.80, a current ratio of 9.31 and a quick ratio of 8.14. Enova International has a 12-month low of $11.15 and a 12-month high of $23.25.

Enova International (NYSE:ENVA) last announced its earnings results on Thursday, February 1st. The credit services provider reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.03. The business had revenue of $243.69 million for 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 business’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period last year, the firm posted $0.25 earnings per share. equities analysts anticipate that Enova International will post 1.75 EPS for the current fiscal year.

In other news, Director James A. Gray sold 25,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $20.07, for a total value of $501,750.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.50% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. MetLife Investment Advisors LLC bought a new position in shares of Enova International in the fourth quarter worth about $198,000. TIAA CREF Investment Management LLC raised its stake in shares of Enova International by 11.7% in the fourth quarter. TIAA CREF Investment Management LLC now owns 421,933 shares of the credit services provider’s stock worth $6,413,000 after buying an additional 44,174 shares during the period. Rhumbline Advisers raised its stake in shares of Enova International by 16.0% in the fourth quarter. Rhumbline Advisers now owns 76,987 shares of the credit services provider’s stock worth $1,170,000 after buying an additional 10,636 shares during the period. Arizona State Retirement System raised its stake in shares of Enova International by 222.1% in the fourth quarter. Arizona State Retirement System now owns 56,244 shares of the credit services provider’s stock worth $855,000 after buying an additional 38,780 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Enova International in the fourth quarter worth about $236,000. 97.56% of the stock is currently owned by hedge funds and other institutional investors.

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About Enova International

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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