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Online financial services provider Enova International (NYSE:ENVA) was downgraded at Janney, stating the stock has surpassed the financial advisory firm’s prior fair value estimate.
ENVA was trading 1.09% lower at $84.95 Monday pre-market.
Janney downgraded the stock to Neutral from Buy, and changed the fair value estimate to $81 from $82.
“Over most comparison periods, ENVA has outperformed the broader market and been one of the best-performing stocks in our coverage group,” analysts John Rowan and Hrishi Kumbhojkar said in a recent research note.
“With the shares now trading at 9x the next-twelve-month (NTM) consensus forecast (versus the historical average of ~8x), we think the shares are fairly valued,” the note said.
“Our new $81.00 FVE is based on a static 8x our new 2025 EPS estimate 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 grades ENVA as A for Valuation, B for Growth, B- for Profitability, A+ for Momentum and B for Revisions.
