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PCess609
Online financial services provider Enova International (New York Stock Exchange:ENVA) was downgraded at Janney, stating that the stock has outperformed the financial advisory firm's previous fair value estimate.
ENVA was trading 1.09% fell to $84.95 on Monday before the market.
Janney downgraded the stock from Buy to Neutral and changed The fair value estimate is increased to $81 from $82.
“Over most comparison periods, ENVA has outperformed the broader market and has been one of the best-performing stocks in our coverage group,” analysts John Rowan and Hrishi Kumbhojkar said in a recent research note.
“With shares now trading at 9x consensus forecast for the next twelve months (NTM) (versus the historical average of ~8x), we believe the stock is fairly valued,” the note said.
“Our new FVE of $81.00 is based on a static 8x EPS estimate for 2025 of 10.10,” the note said.
The rating contradicts the average sell-side analyst rating of Buy. Seeking Alpha's Quant gives the stock a Strong Buy rating, with a score of 4.87 out of 5.
Quant rates ENVA A for valuation, B for growth, B- for profitability, A+ for momentum and B for revisions.
