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

Enova International (NYSE:ENVA) had its target price raised by equities researchers at Maxim Group from $108.00 to $138.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the credit services provider’s stock. Maxim Group’s price target suggests a potential upside of 18.61% from the company’s current price.

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

Enova International Stock Performance

Shares of ENVA traded up $1.61 during mid-day trading on Thursday, hitting $116.35. The company’s stock had a trading volume of 283,705 shares, compared to its average volume of 219,052. Enova International has a one year low of $53.40 and a one year high of $117.56. The company has a debt-to-equity ratio of 2.79, a quick ratio of 15.82 and a current ratio of 15.82. The firm has a market capitalization of $3.05 billion, a PE ratio of 18.56 and a beta of 1.50. The stock’s 50-day moving average is $103.48 and its two-hundred day moving average is $92.13.

Enova International (NYSE:ENVA) last issued 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 return on equity of 18.41% and a net margin of 7.19%. As a group, sell-side analysts anticipate that Enova International will post 7.98 EPS for the current year.

Insider Buying and Selling

In other Enova International news, CEO David Fisher sold 10,000 shares of the company’s 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 transaction, the chief executive officer now directly owns 369,905 shares of the company’s stock, valued at $39,058,268.95. This represents a 2.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 7.80% of the stock is owned by insiders.

Institutional Trading of Enova International

Several institutional investors and hedge funds have recently modified their holdings of ENVA. J.Safra Asset Management Corp raised its position in Enova International by 205.4% in the fourth quarter. J.Safra Asset Management Corp now owns 3,552 shares of the credit services provider’s stock valued at $344,000 after purchasing an additional 2,389 shares during the last quarter. Longboard Asset Management LP bought a new position in Enova International in the fourth quarter valued at about $202,000. Crossmark Global Holdings Inc. bought a new position in Enova International in the fourth quarter valued at about $206,000. BNP Paribas Financial Markets raised its position in Enova International by 28.6% in the third quarter. BNP Paribas Financial Markets now owns 58,066 shares of the credit services provider’s stock valued at $4,865,000 after purchasing an additional 12,928 shares during the last quarter. Finally, Quantbot Technologies LP increased its stake in shares of Enova International by 10.2% in the third quarter. Quantbot Technologies LP now owns 14,182 shares of the credit services provider’s stock valued at $1,188,000 after buying an additional 1,311 shares during the period. 89.43% of the stock is currently owned by 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.