Maxim Group Issues Positive Forecast for Enova International (NYSE:ENVA) Stock Price

Enova International (NYSE:ENVA) had its price objective raised by Maxim Group from $108.00 to $138.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the credit services provider’s stock.

ENVA has been the topic of a number of other reports. Stephens upped their price target on shares of Enova International from $115.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday. JMP Securities increased their price target on shares of Enova International from $125.00 to $135.00 and gave the stock a “market outperform” rating in a report on Wednesday. TD Cowen increased their price target on shares of Enova International from $85.00 to $96.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. StockNews.com raised shares of Enova International from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. Finally, BTIG Research lifted their price target on shares of Enova International from $122.00 to $129.00 and gave the company a “buy” rating in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Enova International currently has an average rating of “Moderate Buy” and a consensus target price of $110.14.

Enova International Stock Performance

Shares of NYSE ENVA opened at $116.35 on Thursday. The firm has a 50 day moving average of $103.48 and a 200 day moving average of $92.13. The company has a current ratio of 15.82, a quick ratio of 15.82 and a debt-to-equity ratio of 2.79. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 18.56 and a beta of 1.49. Enova International has a 12-month low of $53.40 and a 12-month high of $117.56.

Enova International (NYSE:ENVA) last released its earnings results on Tuesday, February 4th. The credit services provider reported $2.37 EPS for the quarter, topping the consensus estimate of $2.29 by $0.08. Enova International had a net margin of 7.19% and a return on equity of 18.41%. On average, research analysts anticipate that Enova International will post 7.98 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO David Fisher sold 10,000 shares of Enova International stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $105.59, for a total value of $1,055,900.00. Following the transaction, the chief executive officer now directly owns 369,905 shares of the company’s stock, valued at $39,058,268.95. The trade was a 2.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 7.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Enova International

Hedge funds and other institutional investors have recently modified their holdings of the company. Foundry Partners LLC increased its holdings in Enova International by 1.1% during the 3rd quarter. Foundry Partners LLC now owns 122,756 shares of the credit services provider’s stock worth $10,286,000 after purchasing an additional 1,328 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Enova International by 28.6% during the third quarter. BNP Paribas Financial Markets now owns 58,066 shares of the credit services provider’s stock worth $4,865,000 after acquiring an additional 12,928 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Enova International by 1.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 20,250 shares of the credit services provider’s stock worth $1,694,000 after purchasing an additional 200 shares during the period. Quantbot Technologies LP lifted its holdings in shares of Enova International by 10.2% during the third quarter. Quantbot Technologies LP now owns 14,182 shares of the credit services provider’s stock valued at $1,188,000 after purchasing an additional 1,311 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Enova International in the 3rd quarter valued at $772,000. 89.43% of the stock is owned by institutional investors and hedge funds.

About Enova International

Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, and internationally. The company provides installment loans; line of credit accounts; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs, such as marketing services and loan servicing for near-prime unsecured consumer installment loan.