JMP Securities reiterates buy rating for Enova International (NYSE:ENVA)

Enova International (NYSE: ENVA – Get a rating)JMP’s stock saw its “buy” rating reissued by investment analysts JMP Securities in a research report released Thursday. They currently have a price target of $42.00 on shares of the credit service provider. JMP Securities’ target price suggests a potential upside of 43.10% from the stock’s previous close.

Performance of Enova’s international shares

ENVA stock traded down $1.06 in Thursday’s midday session, hitting $29.35. The company’s stock had a trading volume of 6,001 shares, compared to an average volume of 187,917. The stock’s 50-day moving average price is $34.60 and its 200-day moving average price is $33.79. The company has a quick ratio of 13.45, a current ratio of 13.45 and a leverage ratio of 1.66. Enova International has a 1 year minimum of $25.80 and a 1 year maximum of $47.88. The stock has a market capitalization of $939.49 million, a price/earnings ratio of 5.12 and a beta of 1.41.

Enova International (NYSE: ENVA – Get a rating) last released its quarterly earnings data on Thursday, July 28. The credit service provider reported earnings per share of $1.48 for the quarter, hitting the consensus estimate of $1.48. Enova International had a return on equity of 19.31% and a net margin of 13.88%. The company posted revenue of $407.90 million for the quarter, compared to $405.15 million expected by analysts. In the same quarter of the previous year, the company had earned earnings per share of $2.16. The company’s revenue increased 54.1% year over year. On average, stock analysts expect Enova International to post EPS of 6.16 for the current year.

Institutional entries and exits

A number of institutional investors have recently changed their positions in ENVA. Denali Advisors LLC increased its position in Enova International shares by 10.6% during the first quarter. Denali Advisors LLC now owns 72,553 shares of the credit service provider valued at $2,755,000 after purchasing an additional 6,928 shares in the last quarter. Rowland & Co. Investment Counsel ADV increased its position in Enova International shares by 16.8% during the 1st quarter. Rowland & Co. Investment Counsel ADV now owns 19,917 shares of the credit service provider valued at $756,000 after buying 2,859 additional shares in the last quarter. Dupont Capital Management Corp bought a new position in shares of Enova International during the 1st quarter at a value of $145,000. Comerica Bank increased its position in Enova International shares by 51.7% during the first quarter. Comerica Bank now owns 49,316 shares of the credit service provider valued at $1,937,000 after buying an additional 16,805 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in Enova International shares 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. Hedge funds and other institutional investors hold 92.43% of the company’s shares.

Enova International Company Profile

(Get a rating)

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.

Further reading

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