Enova International (NYSE:ENVA) Upgraded to Hold at ValuEngine

ValuEngine upgraded shares of Enova International (NYSE:ENVA) from a sell rating to a hold rating in a report published on Monday, February 4th.

Several other equities research analysts also recently weighed in on the company. Maxim Group reissued a buy rating and issued a $40.00 price target (down previously from $43.00) on shares of Enova International in a report on Friday, February 1st. Zacks Investment Research downgraded Enova International from a strong-buy rating to a hold rating in a report on Thursday, December 27th. Finally, JMP Securities decreased their target price on Enova International from $40.00 to $35.00 and set a market outperform rating for the company in a report on Thursday, December 6th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Enova International currently has an average rating of Buy and a consensus target price of $36.50.

NYSE ENVA traded down $0.14 during trading on Monday, hitting $25.38. The company’s stock had a trading volume of 143,404 shares, compared to its average volume of 306,824. The company has a debt-to-equity ratio of 2.47, a quick ratio of 8.94 and a current ratio of 8.94. The company has a market cap of $868.87 million, a PE ratio of 10.94 and a beta of 2.38. Enova International has a fifty-two week low of $17.85 and a fifty-two week high of $39.00.

Enova International (NYSE:ENVA) last issued its quarterly earnings results on Thursday, January 31st. The credit services provider reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. The business had revenue of $312.60 million during the quarter, compared to the consensus estimate of $303.64 million. Enova International had a return on equity of 24.19% and a net margin of 6.29%. On average, sell-side analysts predict that Enova International will post 2.81 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in ENVA. SG Americas Securities LLC lifted its holdings in shares of Enova International by 163.4% during the third quarter. SG Americas Securities LLC now owns 252,082 shares of the credit services provider’s stock worth $7,260,000 after purchasing an additional 156,373 shares during the period. TIAA CREF Investment Management LLC raised its position in Enova International by 54.3% during the third quarter. TIAA CREF Investment Management LLC now owns 349,672 shares of the credit services provider’s stock valued at $10,071,000 after acquiring an additional 123,054 shares in the last quarter. Geode Capital Management LLC raised its position in Enova International by 17.9% during the fourth quarter. Geode Capital Management LLC now owns 592,531 shares of the credit services provider’s stock valued at $11,530,000 after acquiring an additional 90,013 shares in the last quarter. 361 Capital LLC raised its position in Enova International by 93.7% during the fourth quarter. 361 Capital LLC now owns 104,695 shares of the credit services provider’s stock valued at $2,037,000 after acquiring an additional 50,652 shares in the last quarter. Finally, Bowling Portfolio Management LLC purchased a new position in Enova International during the third quarter valued at approximately $1,423,000. 92.62% of the stock is owned by hedge funds and other institutional investors.

About Enova International

Enova International, Inc, a technology and analytics company, provides online financial services. The company offers short-term consumer loans; line of credit accounts; installment loans; receivables purchase agreements; CSO programs, including credit-related services, such as arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs comprising technology, loan servicing, and marketing services to the bank, as well as Enova Decisions, an analytics as a service that enables companies to take decisions about their customers through existing tools and technologies.

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