Enova International (ENVA) Price Target Cut to $40.00 by Analysts at JMP Securities

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Enova International (NYSE:ENVA) had its price target decreased by JMP Securities from $42.00 to $40.00 in a research note issued to investors on Wednesday morning. JMP Securities currently has a market outperform rating on the credit services provider’s stock.

A number of other equities research analysts also recently issued reports on ENVA. Zacks Investment Research downgraded shares of Enova International from a strong-buy rating to a hold rating in a report on Wednesday, June 27th. Maxim Group reaffirmed a buy rating and set a $32.00 price target on shares of Enova International in a research report on Friday, July 13th. Stephens set a $45.00 target price on shares of Enova International and gave the stock a buy rating in a research report on Friday, July 27th. ValuEngine cut shares of Enova International from a strong-buy rating to a buy rating in a research report on Tuesday, July 31st. Finally, TheStreet cut shares of Enova International from a b- rating to a c rating in a research report on Monday, July 30th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $37.80.

Shares of ENVA stock traded up $0.13 during mid-day trading on Wednesday, hitting $25.31. The stock had a trading volume of 22,626 shares, compared to its average volume of 349,135. Enova International has a fifty-two week low of $13.25 and a fifty-two week high of $39.00. The stock has a market capitalization of $983.63 million, a PE ratio of 21.83 and a beta of 2.66. The company has a debt-to-equity ratio of 2.29, a quick ratio of 9.86 and a current ratio of 9.86.

Enova International (NYSE:ENVA) last released its earnings results on Thursday, July 26th. The credit services provider reported $0.53 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. Enova International had a net margin of 5.12% and a return on equity of 21.44%. The company had revenue of $253.30 million during the quarter, compared to analysts’ expectations of $239.45 million. During the same quarter last year, the business earned $0.41 EPS. The business’s revenue was up 33.4% on a year-over-year basis. Equities analysts forecast that Enova International will post 2.22 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in ENVA. Dimensional Fund Advisors LP lifted its position in Enova International by 5.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,052,884 shares of the credit services provider’s stock worth $45,266,000 after purchasing an additional 112,390 shares during the period. JPMorgan Chase & Co. increased its position in Enova International by 231.8% in the first quarter. JPMorgan Chase & Co. now owns 470,097 shares of the credit services provider’s stock worth $10,366,000 after purchasing an additional 328,416 shares during the period. Principal Financial Group Inc. increased its position in Enova International by 64.5% in the first quarter. Principal Financial Group Inc. now owns 455,849 shares of the credit services provider’s stock worth $10,051,000 after purchasing an additional 178,766 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new stake in Enova International in the second quarter worth about $9,539,000. Finally, Millennium Management LLC acquired a new stake in Enova International in the first quarter worth about $4,670,000. Hedge funds and other institutional investors own 92.55% of the company’s stock.

Enova International Company Profile

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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