Enova International (NYSE:ENVA) Price Target Increased to $75.00 by Analysts at Jefferies Financial Group

Enova International (NYSE:ENVA - Free Report) had its price objective lifted by Jefferies Financial Group from $70.00 to $75.00 in a research report released on Tuesday morning, Benzinga reports. The brokerage currently has a buy rating on the credit services provider's stock.

A number of other equities research analysts have also recently issued reports on ENVA. BMO Capital Markets increased their target price on shares of Enova International from $57.00 to $59.00 and gave the stock a market perform rating in a research report on Wednesday, January 31st. JMP Securities upped their price objective on shares of Enova International from $62.00 to $73.00 and gave the company a market outperform rating in a report on Wednesday, January 31st. TheStreet cut shares of Enova International from a b rating to a c+ rating in a research report on Tuesday, January 30th. Finally, StockNews.com raised Enova International from a hold rating to a buy rating in a research note on Saturday, March 23rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $63.00.

Enova International Price Performance

ENVA stock traded up $0.02 on Tuesday, hitting $63.03. 119,186 shares of the company's stock traded hands, compared to its average volume of 262,675. Enova International has a 1-year low of $35.30 and a 1-year high of $64.51. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 11.52 and a beta of 1.55. The stock has a fifty day moving average of $60.21 and a 200-day moving average of $52.69. The company has a current ratio of 10.27, a quick ratio of 10.27 and a debt-to-equity ratio of 2.37.

Enova International (NYSE:ENVA - Get Free Report) last released its quarterly earnings results on Tuesday, January 30th. The credit services provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.08. Enova International had a net margin of 8.27% and a return on equity of 15.84%. The business had revenue of $583.59 million for the quarter, compared to analyst estimates of $587.34 million. On average, analysts forecast that Enova International will post 7.39 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Linda Johnson Rice sold 5,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $62.12, for a total transaction of $310,600.00. Following the completion of the transaction, the director now directly owns 9,182 shares in the company, valued at approximately $570,385.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Enova International news, Director Linda Johnson Rice sold 5,000 shares of Enova International stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $62.12, for a total value of $310,600.00. Following the transaction, the director now owns 9,182 shares in the company, valued at $570,385.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven E. Cunningham sold 17,548 shares of Enova International stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $56.11, for a total value of $984,618.28. Following the sale, the chief financial officer now directly owns 150,025 shares of the company's stock, valued at approximately $8,417,902.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,938 shares of company stock valued at $1,799,557. 7.80% of the stock is owned by corporate insiders.

Institutional Trading of Enova International

Large investors have recently made changes to their positions in the company. Orchard Capital Management LLC lifted its stake in shares of Enova International by 30.0% in the 4th quarter. Orchard Capital Management LLC now owns 232,326 shares of the credit services provider's stock valued at $12,862,000 after purchasing an additional 53,647 shares during the last quarter. State of Tennessee Treasury Department lifted its position in Enova International by 18.1% during the 4th quarter. State of Tennessee Treasury Department now owns 40,513 shares of the credit services provider's stock worth $2,243,000 after acquiring an additional 6,207 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Enova International during the 4th quarter worth approximately $957,000. GAMMA Investing LLC acquired a new stake in shares of Enova International in the 4th quarter valued at approximately $37,000. Finally, Foundry Partners LLC raised its holdings in Enova International by 7.3% during the fourth quarter. Foundry Partners LLC now owns 137,908 shares of the credit services provider's stock worth $7,635,000 after purchasing an additional 9,357 shares during the last quarter. 89.43% of the stock is currently owned by hedge funds and other institutional investors.

Enova International Company Profile

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.