JMP Securities Trims Enova International (ENVA) Target Price to $35.00

Enova International (NYSE:ENVA) had its target price cut by JMP Securities from $40.00 to $35.00 in a research note released on Thursday morning. They currently have a market outperform rating on the credit services provider’s stock.

Several other equities research analysts have also issued reports on ENVA. Zacks Investment Research raised shares of Enova International from a hold rating to a strong-buy rating and set a $29.00 price target on the stock in a report on Wednesday, October 31st. ValuEngine lowered shares of Enova International from a hold rating to a sell rating in a report on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and a consensus target price of $35.20.

Enova International stock traded down $0.10 on Thursday, hitting $20.58. The company’s stock had a trading volume of 1,815 shares, compared to its average volume of 202,429. The firm has a market capitalization of $706.75 million, a PE ratio of 17.92 and a beta of 2.60. The company has a debt-to-equity ratio of 2.70, a current ratio of 8.94 and a quick ratio of 8.94. Enova International has a one year low of $14.75 and a one year high of $39.00.

Enova International (NYSE:ENVA) last announced its quarterly earnings results on Thursday, October 25th. The credit services provider reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.01). The business had revenue of $293.88 million during the quarter, compared to the consensus estimate of $267.54 million. Enova International had a net margin of 6.54% and a return on equity of 22.44%. Analysts predict that Enova International will post 2.33 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp increased its holdings in Enova International by 10.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 458,734 shares of the credit services provider’s stock valued at $13,212,000 after buying an additional 43,274 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Enova International by 64.5% in the 1st quarter. Principal Financial Group Inc. now owns 455,849 shares of the credit services provider’s stock valued at $10,051,000 after purchasing an additional 178,766 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Enova International by 54.3% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 349,672 shares of the credit services provider’s stock valued at $10,071,000 after purchasing an additional 123,054 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Enova International in the 2nd quarter valued at $9,539,000. Finally, SG Americas Securities LLC boosted its stake in shares of Enova International by 163.4% in the 3rd quarter. SG Americas Securities LLC now owns 252,082 shares of the credit services provider’s stock valued at $7,260,000 after purchasing an additional 156,373 shares in the last quarter. 94.23% 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. 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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