Analysts Bullish on Top Financial Picks

There’s a lot to be optimistic about in the Financial sector as 3 analysts just weighed in on Ares Commercial (NYSE: ACRE), CIT Group (NYSE: CIT) and Enova International Inc (NYSE: ENVA) with bullish sentiments.

Ares Commercial (NYSE: ACRE)

JMP Securities analyst Steven Delaney reiterated a Buy rating on Ares Commercial (NYSE: ACRE) today. The company’s shares opened today at $12.44, close to its 52-week high of $13.07.

According to TipRanks.com, Delaney is a 4-star analyst with an average return of 7.7% and a 87.1% success rate. Delaney covers the Financial sector, focusing on stocks such as Hatteras Financial Corp, New York Mortgage Trust, and Starwood Property Trust.

Currently, the analyst consensus on Ares Commercial is Moderate Buy and the average price target is $13.50, representing an 8.5% upside.

In a report issued on September 27, FBR Capital also reiterated a Buy rating on the stock.
CIT Group (NYSE: CIT)

In a report released today, Christopher York from JMP Securities reiterated a Buy rating on CIT Group (NYSE: CIT). The company’s shares opened today at $37.18.

According to TipRanks.com, York is a 2-star analyst with an average return of 1.9% and a 75.0% success rate. York covers the Financial sector, focusing on stocks such as Pennantpark Floating Rate, Solar Senior Capital Ltd., and Marlin Business Services.

Currently, the analyst consensus on CIT Group is Moderate Buy and the average price target is $39.50, representing a 6.2% upside.

In a report issued on October 7, BTIG also maintained a Buy rating on the stock with a $52 price target.
Enova International Inc (NYSE: ENVA)

In a report released today, David Scharf from JMP Securities reiterated a Buy rating on Enova International Inc (NYSE: ENVA). The company’s shares opened today at $9.35.

According to TipRanks.com, Scharf is a 2-star analyst with an average return of 0.7% and a 56.4% success rate. Scharf covers the Financial sector, focusing on stocks such as Consumer Portfolio Services, Discover Financial Services, and Credit Acceptance Corp.

Enova International Inc has an analyst consensus of Moderate Buy, with a price target consensus of $12.