In a report released today, Michael Diana from Maxim Group maintained a Buy rating on Enova International Inc (NYSE: ENVA), with a price target of $43. The company’s shares closed yesterday at $36.65, close to its 52-week high of $38.90.
Diana noted:
“We expect ENVA’s 2Q18 results to demonstrate continued momentum. We are maintaining our existing earnings estimates, as they already reflect a constructive outlook. See page 2 for our earnings model. Following strong 1Q18 results, the price of ENVA shares has increased significantly, as investors have apparently expected additional positive results, as do we. We are raising our price target to $43, from $32, based on valuation relative to online lender LendingClub (LC – Buy).”
According to TipRanks.com, Diana is a 5-star analyst with an average return of 8.5% and a 65.5% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Manhattan Bridge Capital Inc, and Arlington Asset Investment.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Enova International Inc with a $32 average price target.
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Enova International Inc’s market cap is currently $1.24B and has a P/E ratio of 29.09. The company has a Price to Book ratio of 3.93.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock.
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Enova International, Inc. is a technology and analytics company, which engages in the provision of online financial services and access to credit power to non-prime consumers and small business. It offers financing products such as short-term loans, line of credit accounts, installment loans, and other financial programs.
