JMP Securities lowers Enova International (NYSE:ENVA) price target to $42.00
Enova International (NYSE: ENVA – Get a rating) had its price target reduced by investment analysts JMP Securities from $54.00 to $42.00 in a report on Friday, Target Stock Advisor reports. The company currently has a “market outperforming” rating on shares of the credit service provider. JMP Securities’ price target would indicate a potential upside of 40.33% from the company’s current price.
Separately, StockNews.com upgraded shares of Enova International from a “hold” rating to a “buy” rating in a report on Friday, April 1.
Performance of Enova’s international shares
Shares of Enova International rose $0.89 during Friday trading, hitting $29.93. 1,916 shares were traded, against an average volume of 241,458. The stock’s fifty-day moving average is $30.00 and its 200-day moving average is $36.24. The stock has a market capitalization of $974.52 million, a PE ratio of 4.78 and a beta of 1.41. The company has a debt ratio of 1.57, a quick ratio of 14.64 and a current ratio of 14.64. Enova International has a 12-month low of $25.80 and a 12-month high of $47.88.
Enova International (NYSE: ENVA – Get a rating) last announced its results on Tuesday, May 3. The credit services provider reported earnings per share (EPS) of $1.54 for the quarter, beating consensus analyst estimates of $1.44 by $0.10. The company posted revenue of $386.00 million in the quarter, versus analyst estimates of $381.79 million. Enova International had a net margin of 17.45% and a return on equity of 22.31%. Enova International’s revenues increased by 49.0% compared to the same quarter last year. In the same quarter a year earlier, the company posted EPS of $2.08. As a group, sell-side analysts expect Enova International to post EPS of 5.77 for the current year.
Hedge funds weigh on Enova International
Hedge funds have recently increased or reduced their stakes in the company. Orchard Capital Management LLC increased its stake in Enova International by 3.1% during the first quarter. Orchard Capital Managment LLC now owns 331,175 shares of the credit service provider valued at $12,575,000 after buying an additional 10,100 shares in the last quarter. MetLife Investment Management LLC increased its holdings in Enova International by 53.0% during the first quarter. MetLife Investment Management LLC now owns 20,678 shares of the credit service provider valued at $785,000 after buying an additional 7,162 shares in the last quarter. The Tennessee State Treasury Department increased its holdings in Enova International by 31.9% in the first quarter. The Tennessee State Treasury Department now owns 30,231 shares of the credit service provider valued at $1,148,000 after purchasing an additional 7,307 shares in the last quarter. The New York State Common Retirement Fund increased its holdings in Enova International by 10.0% during the first quarter. The New York State Common Retirement Fund now owns 69,421 shares of the credit service provider valued at $2,636,000 after purchasing an additional 6,326 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in Enova International by 27.5% during the first quarter. SG Americas Securities LLC now owns 3,813 shares of the credit services provider valued at $145,000 after buying 823 additional shares in the last quarter. Institutional investors and hedge funds own 91.90% of the company’s shares.
Enova International Company Profile
Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, Australia and Canada. The company offers installment loans; line of credit accounts; debt purchase agreements; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and banking programs, such as marketing services and loan servicing for prime unsecured consumer installment loans.
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