Enova International Inc (ENVA) is Initiated by Jefferies to Buy, Price Target at $12

Enova International Inc (ENVA) was Initiated by Jefferies to “Buy” and the brokerage firm has set the Price Target at $12. Jefferies advised their investors in a research report released on Sep 1, 2016.

On the company’s financial health, Enova International Inc reported $0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.21. The company had revenue of $172.50 million for the quarter, compared to analysts expectations of $165.80 million. The company’s revenue was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.

Enova International Inc opened for trading at $9.22 and hit $9.66 on the upside on Monday, eventually ending the session at $9.64, with a gain of 4.44% or 0.41 points. The heightened volatility saw the trading volume jump to 1,45,563 shares. Company has a market cap of $320 M.

In a different news, on Feb 24, 2016, Robert S. Clifton (CFO) purchased 2,500 shares at $12.28 per share price. According to the SEC, on Dec 22, 2015, James Cody Salters (Vice President, Operations) purchased 4,000 shares at $6.18 per share price. On Nov 23, 2015, James A Gray (director) purchased 22,000 shares at $7.71 per share price, according to the Form-4 filing with the securities and exchange commission.

Enova International Inc. is a provider of online financial services. Through a network of direct and indirect marketing activities the Company offers funds to its customers through unsecured consumer loan products. The business is operated through the Internet to provide a fully-automated financial solution to its customers. The Company offers multiple loan products in the United States and in the United Kingdom Australia Canada Brazil and China. These loan products include short-term loans line of credit accounts and installment loans. The Company originates guarantees or purchases consumer and small business loans. Consumer loans provide customers with cash in their bank account or deposited onto a debit card typically in exchange for an obligation to repay the amount advanced plus fees and/or interest. Consumer loans include short-term loans line of credit accounts and installment loans.

Enova International Inc

Leave a Reply

Enova International Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Enova International Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.