Maxim Group Forecasts Strong Price Appreciation for Enova International (NYSE:ENVA) Stock

Enova International (NYSE:ENVA) had its price objective raised by equities researchers at Maxim Group from $108.00 to $138.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the credit services provider’s stock. Maxim Group’s price objective would indicate a potential upside of 18.61% from the company’s previous close.

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

Enova International Stock Up 1.4 %

NYSE:ENVA traded up $1.61 on Thursday, hitting $116.35. The stock had a trading volume of 283,705 shares, compared to its average volume of 219,052. The business’s fifty day moving average is $103.48 and its 200 day moving average is $92.13. The company has a market cap of $3.05 billion, a PE ratio of 18.56 and a beta of 1.50. The company has a quick ratio of 15.82, a current ratio of 15.82 and a debt-to-equity ratio of 2.79. Enova International has a 52 week low of $53.40 and a 52 week high of $117.56.

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

Insiders Place Their Bets

In other news, CEO David Fisher sold 10,000 shares of Enova International stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 369,905 shares in the company, valued at approximately $39,058,268.95. The trade was a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Enova International

Several hedge funds have recently made changes to their positions in ENVA. Livforsakringsbolaget Skandia Omsesidigt grew its position in 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 buying an additional 200 shares in the last quarter. GAMMA Investing LLC lifted its stake in Enova International by 24.6% during the third quarter. GAMMA Investing LLC now owns 1,065 shares of the credit services provider’s stock worth $89,000 after purchasing an additional 210 shares during the last quarter. USA Financial Formulas bought a new stake in shares of Enova International in the 3rd quarter valued at about $76,000. Quantbot Technologies LP lifted its stake in shares of Enova International by 10.2% in the 3rd quarter. Quantbot Technologies LP now owns 14,182 shares of the credit services provider’s stock valued at $1,188,000 after acquiring an additional 1,311 shares during the last quarter. Finally, Foundry Partners LLC lifted its stake in shares of Enova International by 1.1% in the 3rd quarter. Foundry Partners LLC now owns 122,756 shares of the credit services provider’s stock valued at $10,286,000 after acquiring an additional 1,328 shares during the last quarter. 89.43% of the stock is currently owned by hedge funds and other institutional investors.

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.