In a report released today, Michael Diana from Maxim Group reiterated a Buy rating on Enova International Inc (ENVA), with a price target of $40. The company’s shares closed on Friday at $30.32.
Diana wrote:
“1Q19 results were solid, with key valuation metrics above consensus, and adjusted EBITDA and EPS above the guidance range. Credit quality, the most important success factor, in our view, has remained stable — and as expected — as loans have grown. Based on newly introduced 2020 estimates, we are maintaining our price target at $40, which represents a slight discount to the valuation of LendingClub (LC – Buy).”
According to TipRanks.com, Diana is a 5-star analyst with an average return of 6.2% and a 60.9% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Manhattan Bridge Capital Inc, and Arlington Asset Investment.
Enova International Inc has an analyst consensus of Moderate Buy, with a price target consensus of $37, implying a 22.0% upside from current levels. In a report issued on April 26, JMP Securities also maintained a Buy rating on the stock with a $34 price target.
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Based on Enova International Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $8.67 million. In comparison, last year the company had a net profit of $27.9 million.
Based on the recent corporate insider activity of 32 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.
