Expert Outlook: Enova International Through The Eyes Of 5 Analysts
Portfolio Pulse from Benzinga Insights
Five analysts have recently updated their ratings on Enova International (NYSE:ENVA), with 3 being somewhat bullish and 2 indifferent. The average 12-month price target is now $57.6, down from $64.67, indicating a 10.93% decrease. Analysts from BMO Capital and TD Cowen have announced ratings, while JMP Securities' David Scharf has adjusted his price target multiple times. Enova's financials show strong revenue growth and ROE, but a below-average net margin and a sound debt-to-equity ratio.
January 10, 2024 | 6:00 pm
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Analysts show mixed sentiments towards Enova International with a decreased average price target, suggesting a potential short-term negative impact on the stock price.
The reduction in the average price target by analysts, from $64.67 to $57.6, indicates a bearish sentiment which could lead to a short-term negative impact on ENVA's stock price. The strong revenue growth and ROE are positive, but the below-average net margin may raise concerns about profitability, further contributing to the potential negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100