Analysts Set Enova International, Inc. (NYSE:ENVA) Price Target at $172.83

Shares of Enova International, Inc. (NYSE:ENVA) have been given an average recommendation of “Buy” by the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $180.20.

A number of brokerages have recently weighed in on ENVA. Wall Street Zen downgraded Enova International from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. BTIG Research reaffirmed a “buy” rating and set a $199.00 target price on shares of Enova International in a research note on Wednesday, January 28th. Citizens Jmp upped their target price on Enova International from $180.00 to $182.00 and gave the company a “market outperform” rating in a report on Wednesday, January 28th. Citigroup restated an “outperform” rating on shares of Enova International in a report on Wednesday, January 28th. Finally, Zacks Research raised shares of Enova International from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th.

Enova International Stock Up 2.6%

ENVA stock opened at $159.83 on Friday. The company has a debt-to-equity ratio of 3.37, a current ratio of 9.48 and a quick ratio of 19.29. The firm has a market capitalization of $4.50 billion, a P/E ratio of 13.80 and a beta of 1.25. Enova International has a 52-week low of $79.41 and a 52-week high of $176.68. The company’s 50 day simple moving average is $156.10 and its 200-day simple moving average is $130.04.

Enova International (NYSE:ENVA) last posted its quarterly earnings data on Tuesday, January 27th. The credit services provider reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.17 by $0.29. Enova International had a net margin of 9.78% and a return on equity of 25.31%. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $838.59 million. During the same period in the previous year, the company posted $2.61 EPS. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Enova International will post 10.31 EPS for the current year.

Enova International declared that its board has approved a stock repurchase plan on Wednesday, November 12th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the credit services provider to purchase up to 12.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Enova International

In other news, General Counsel Sean Rahilly sold 12,879 shares of the firm’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $164.28, for a total transaction of $2,115,762.12. Following the completion of the sale, the general counsel directly owned 100,877 shares of the company’s stock, valued at $16,572,073.56. This trade represents a 11.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark Tebbe sold 20,000 shares of Enova International stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $172.24, for a total value of $3,444,800.00. The disclosure for this sale is available in the SEC filing. Insiders sold 132,876 shares of company stock valued at $21,829,393 in the last quarter. Corporate insiders own 8.40% of the company’s stock.

Hedge Funds Weigh In On Enova International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ENVA. FNY Investment Advisers LLC bought a new stake in Enova International in the fourth quarter worth approximately $31,000. Pacer Advisors Inc. bought a new stake in Enova International in the third quarter worth $28,000. Bessemer Group Inc. increased its position in Enova International by 174.2% during the third quarter. Bessemer Group Inc. now owns 255 shares of the credit services provider’s stock worth $30,000 after buying an additional 162 shares during the last quarter. Strs Ohio bought a new position in Enova International during the third quarter valued at about $35,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Enova International by 26.9% in the fourth quarter. Farther Finance Advisors LLC now owns 302 shares of the credit services provider’s stock worth $47,000 after buying an additional 64 shares during the last quarter. Institutional investors own 89.43% of the company’s stock.

Enova International Company Profile

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.