JMP Securities lowers Enova International (NYSE:ENVA) price target to $42.00

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Enova International (NYSE: ENVA – Get an Assessment) saw its price target lowered by research analysts JMP Securities from $54.00 to $42.00 in a research note released Friday to investors, Stock Target Advisor reports. The brokerage currently has a “market outperforming” rating on the shares of the credit service provider. JMP Securities’ price target suggests a potential upside of 37.93% from the current stock price.

Separately, StockNews.com upgraded shares of Enova International from a “hold” rating to a “buy” rating in a Friday, April 1 research rating.

Enova International Awards Performance

NYSE ENVA opened at $30.45 on Friday. The company has a current ratio of 14.64, a quick ratio of 14.64 and a debt ratio of 1.57. The company has a fifty-day simple moving average of $29.94 and a 200-day simple moving average of $36.13. The company has a market capitalization of $991.45 million, a P/E ratio of 4.86 and a beta of 1.41. Enova International has a 1 year minimum of $25.80 and a 1 year maximum of $47.88.

Enova International (NYSE:ENVA – Get Rating) last released quarterly earnings data on Tuesday, May 3. The credit service provider reported earnings per share (EPS) of $1.54 for the quarter, beating the consensus estimate of $1.44 by $0.10. The company posted revenue of $386.00 million in the quarter, versus a consensus estimate of $381.79 million. Enova International had a net margin of 17.45% and a return on equity of 22.31%. Enova International’s quarterly revenue increased by 49.0% compared to the same quarter last year. During the same period of the previous year, the company achieved EPS of $2.08. On average, sell-side analysts expect Enova International to post EPS of 5.77 for the current year.

Hedge funds weigh on Enova International

A number of hedge funds have recently changed their positions in the business. Orchard Capital Management LLC increased its stake in shares of Enova International by 3.1% in the 1st 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 last quarter. Denali Advisors LLC increased its stake in shares of Enova International by 10.6% in the 1st quarter. Denali Advisors LLC now owns 72,553 shares of the credit service provider valued at $2,755,000 after buying an additional 6,928 shares last quarter. New York State Common Retirement Fund increased its stake in shares of Enova International by 10.0% in the 1st 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. Comerica Bank increased its stake in Enova International shares by 51.7% in the 1st 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 last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in Enova International shares by 27.4% in the third quarter. UBS Asset Management Americas Inc. now owns 42,144 shares of the credit services provider valued at $1,456,000 after buying 9,073 additional shares last quarter. Institutional investors and hedge funds own 91.90% of the company’s shares.

About Enova International

(Get an assessment)

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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