Enova International, Inc. (NYSE:ENVA) Downgraded by BidaskClub to Strong Sell

Enova International, Inc. (NYSE:ENVA) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Saturday.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Enova International from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Maxim Group assumed coverage on shares of Enova International in a research note on Wednesday, July 12th. They issued a “buy” rating and a $18.00 target price for the company. ValuEngine raised shares of Enova International from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $17.00 target price on shares of Enova International in a research note on Friday, July 14th. One analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Enova International has a consensus rating of “Buy” and an average target price of $14.42.

Shares of Enova International (ENVA) opened at 12.65 on Friday. Enova International has a 52-week low of $8.68 and a 52-week high of $16.80. The firm has a market capitalization of $426.09 million, a PE ratio of 10.19 and a beta of 3.41. The company’s 50-day moving average is $14.93 and its 200 day moving average is $14.33.

Enova International (NYSE:ENVA) last announced its earnings results on Thursday, July 27th. The credit services provider reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. Enova International had a net margin of 5.42% and a return on equity of 15.97%. The firm had revenue of $189.90 million during the quarter, compared to the consensus estimate of $193.70 million. During the same quarter in the previous year, the company posted $0.25 EPS. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. Equities analysts expect that Enova International will post $1.29 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp increased its position in Enova International by 6.8% in the fourth quarter. State Street Corp now owns 550,916 shares of the credit services provider’s stock worth $6,916,000 after buying an additional 34,994 shares in the last quarter. William Blair Investment Management LLC increased its position in Enova International by 82.1% in the second quarter. William Blair Investment Management LLC now owns 446,499 shares of the credit services provider’s stock worth $6,631,000 after buying an additional 201,291 shares in the last quarter. Ameriprise Financial Inc. increased its position in Enova International by 23.9% in the second quarter. Ameriprise Financial Inc. now owns 433,302 shares of the credit services provider’s stock worth $6,434,000 after buying an additional 83,475 shares in the last quarter. Bank of New York Mellon Corp increased its position in Enova International by 20.8% in the second quarter. Bank of New York Mellon Corp now owns 409,616 shares of the credit services provider’s stock worth $6,083,000 after buying an additional 70,637 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in Enova International by 108.3% in the second quarter. TIAA CREF Investment Management LLC now owns 389,302 shares of the credit services provider’s stock worth $5,781,000 after buying an additional 202,404 shares in the last quarter. 92.56% of the stock is owned by institutional investors.

About Enova International

Enova International, Inc is a technology and analytics company. The Company provides online financial services. As of December 31, 2016, the Company offered or arranged loans to consumers in 33 states in the United States and in the United Kingdom and Brazil. As of December 31, 2016, it also offered financing to small businesses in all 50 states and Washington DC in the United States.

Analyst Recommendations for Enova International (NYSE:ENVA)

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