2019-10-15 07:32:35CURO   - $12.55
-0.31 (-2.41%) , ENVA - $19.83
-0.13 (-0.65%) 07:3210/15/19 10/1507:32 10/15/1907:32 | Janney Montgomery says Curo, Enova should be able to navigate Google changesJanney Montgomery Scott analyst John Rowan noted that over the weekend The Wall Street Journal reported on how Google (GOOGL) has "shut out" anyone charging greater than 36% APR from its app store, specifically mentioning Curo Group (CURO) and Enova International (ENVA). While clearly not good news, he is comfortable with both company's ability to navigate this change after speaking to both management teams, Rowan tells investors. Users can still install apps from a third party hosting site and this change does not impact a customer's ability to apply for a loan on a web browser, which is how most new customers are onboarded, the analyst noted. He has Buy ratings on both Curo and Enova shares. CURO - $12.55
-0.31 (-2.41%) ENVA - $19.83
-0.13 (-0.65%) | |
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- $12.55
-0.31 (-2.41%) - 04/16/19
- SPHN
MasterCard deal for Vyze may be positive for Curo, Rent-A-Center, says Stephens Stephens analyst Vincent Caintic said Mastercard's (MA) acquisition of Vyze, which provides a platform that links retailers with lenders, is a potential positive for Curo Group (CURO) and Rent-A-Center (RCII), whose "Zibby" and AcceptanceNow are part of the Vyze network. The tie-in with Mastercard may provide more loan and lease application flow to both Zibby and AcceptanceNow, said the analyst. Caintic views the news as more mixed for Alliance Data (ADS), stating that he expects Mastercard's relationship to result in more application flow to Vyze partners, but this may take away from flow to Alliance's cards and lessens the importance of the private label platform. - 06/24/19
- SPHN
06/24/19
UPGRADETarget $27
SPHN
Equal Weight Rent-A-Center upgraded to Equal Weight from Underweight at Stephens Stephens analyst Vincent Caintic upgraded Rent-A-Center (RCII) to Equal Weight from Underweight citing what he sees as "massive potential" for third-party retailer Rent-To-Own, telling investors that he wouldn't want to be short any Rent-To-Own stock he covers as a result. However, he thinks Rent-A-Center's "Acceptance Now" offering trails those of publicly traded peers Aaron's (AAN), Curo Group (CURO) and FlexShopper (FPAY), Caintic tells investors. He keeps his Rent-A-Center EPS expectations slightly below guidance, as he is still cautious on execution, but raised his price target on the stock to $27 from $20 to account for a higher multiple. - 08/13/19
- BUCK
08/13/19
INITIATIONTarget $19
BUCK
Buy Curo Group initiated with a Buy at Buckingham Buckingham analyst Hugh Miller initiated Curo Group with a Buy rating and $19 price target, calling it an attractive payday lending franchise. California regulatory fears are overblown and set up the stock up for a short cover rally as confidence solidifies, contends Miller. - 10/14/19
- SPHN
Google App Store ban likely moderate friction for subprime lenders,says Stephens Stephens analyst Vincent Caintic says that Google's (GOOG; GOOGL) decision to remove apps offering greater than 36% APR loans will likely be a moderate friction for subprime lenders in his coverage, particularly those with an online focus such as Curo Group (CURO), Elevate Credit (ELVT) and Enova International (ENVA). Overall, the analyst expects some slowdown as a result of app removal. Meanwhile, Caintic notes that the group that pushed for the app removal said it plans to push for a similar ban from Apple (AAPL). - $19.83
-0.13 (-0.65%) - 01/02/19
- SPHN
CBS, Global Payments, Union Pacific among Stephens' best ideas for 2019 Stephens released its Best Ideas list for 2019, noting that over the last 13 years its Best Ideas list has outperformed the Russell 2000 by an average of 300 bps. Of note, six of the firm's 30 analysts listed "cash" as their best idea for this year. Among the rest, the picks included: Landstar System (LSTR), Enova (ENVA), RealPage (RP), FMC Corporation (FMC), Avanos (AVNS), Knight-Swift (KNX), CBS (CBS), Vulcan Materials (VMC), Encompass Health (EHC), Watsco (WSO), Global Payments (GPN), O'Reilly Automotive (ORLY), NeoGenomics (NEO), Continental Resources (CLR), Union Pacific (UNP), Ametek (AME), Wintrust Financial (WTFC), Helmerich & Payne (HP), Penske Automotive (PAG), Signature Bank (SBNY), Noble Energy (NBL), Origin Bancorp (OBNK), GrubHub (GRUB) and CenterState Bank (CSFL). - 01/08/19
- JEFF
01/08/19
DOWNGRADETarget $5
JEFF
Hold Jefferies downgrades Elevate Credit on lack of earnings visibility Jefferies analyst John Hecht downgraded Elevate Credit (ELVT) to Hold from Buy and lowered his price target for the shares to $5 from $9.50. The analyst cites the company's credit issues and resulting lack of earnings visibility for the downgrade. He's becoming more selective on the Consumer Finance space and names his top picks as Aaron's (AAN), Enova International (ENVA), First Cash Financial (FCFS) and OneMain Holdings (OMF). Growth prospects remain solid for some and credit performance has been consistent for most, while the market appears to be pricing in an economic downturn, Hecht tells investors in a research note. - 04/29/19
- SPHN
04/29/19
NO CHANGETarget $43
SPHN
Overweight OneMain Holdings named a Best Idea at Stephens Stephens analyst Vincent Caintic switched the best idea in his coverage to OneMain Holdings (OMF) from Enova International (ENVA), explaining that recent trends from the earnings reports of Enova and Aaron's (AAN) give him comfort ahead of OneMain's earnings due out after today's market close. The analyst, who said he considers OneMain shares "a steal" at current levels, keeps an Overweight rating and $43 price target on the stock. |