Enova International’s (ENVA) “Buy” Rating Reiterated at BTIG Research

BTIG Research reiterated their buy rating on shares of Enova International (NYSE:ENVA) in a research note published on Wednesday,Benzinga reports. They currently have a $199.00 price objective on the credit services provider’s stock.

Other research analysts have also recently issued research reports about the stock. TD Cowen restated a “buy” rating on shares of Enova International in a research report on Thursday, January 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Enova International in a research report on Thursday, January 22nd. Citigroup reiterated an “outperform” rating on shares of Enova International in a report on Wednesday. Wall Street Zen lowered Enova International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd. Finally, Citizens Jmp boosted their price objective on Enova International from $149.00 to $180.00 and gave the stock a “market outperform” rating in a report on Friday, December 12th. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Enova International currently has a consensus rating of “Moderate Buy” and an average price target of $172.83.

Enova International Trading Up 0.5%

Shares of ENVA stock opened at $165.99 on Wednesday. The firm has a fifty day moving average of $153.53 and a 200-day moving average of $128.71. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 14.33 and a beta of 1.27. Enova International has a 52-week low of $79.41 and a 52-week high of $168.68. The company has a debt-to-equity ratio of 3.37, a quick ratio of 19.29 and a current ratio of 9.48.

Enova International (NYSE:ENVA) last posted its earnings results on Tuesday, January 27th. The credit services provider reported $3.46 EPS for the quarter, topping the consensus estimate of $3.17 by $0.29. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $838.59 million. Enova International had a return on equity of 25.31% and a net margin of 9.78%.Enova International’s revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the company earned $2.61 EPS. On average, equities research analysts forecast that Enova International will post 10.31 earnings per share for the current fiscal year.

Enova International announced that its Board of Directors has initiated a share buyback plan on Wednesday, November 12th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the credit services provider to buy up to 12.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Insider Activity at Enova International

In related news, Chairman David Fisher sold 9,573 shares of Enova International stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $157.81, for a total value of $1,510,715.13. Following the sale, the chairman owned 348,223 shares of the company’s stock, valued at approximately $54,953,071.63. The trade was a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 30,573 shares of company stock valued at $4,659,815 over the last 90 days. Insiders own 8.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ENVA. Baird Financial Group Inc. grew its position in shares of Enova International by 0.8% in the second quarter. Baird Financial Group Inc. now owns 155,950 shares of the credit services provider’s stock valued at $17,392,000 after purchasing an additional 1,276 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Enova International by 2,933.1% during the 4th quarter. SG Americas Securities LLC now owns 138,975 shares of the credit services provider’s stock worth $21,847,000 after purchasing an additional 134,393 shares during the last quarter. Loomis Sayles & Co. L P bought a new stake in Enova International in the 2nd quarter valued at $11,152,000. CX Institutional grew its holdings in Enova International by 4.2% in the 3rd quarter. CX Institutional now owns 70,352 shares of the credit services provider’s stock valued at $8,097,000 after buying an additional 2,814 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in Enova International by 2.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 65,255 shares of the credit services provider’s stock worth $7,277,000 after buying an additional 1,531 shares during the period. 89.43% of the stock is owned by institutional investors and hedge funds.

About Enova International

Enova International, Inc (NYSE: ENVA) is a Chicago-based financial services company specializing in online lending solutions. Since its founding in 2004, Enova has leveraged proprietary data analytics and technology platforms to underwrite and deliver short-term consumer loans, lines of credit and installment loans. Through its flagship consumer brand NetCredit, Enova provides flexible credit options designed to serve a wide range of borrowers, including those with limited or non-traditional credit histories.

In addition to its U.S.