Alliance Data Systems (NYSE:ADS) Stock Rating Upgraded by Oppenheimer

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Alliance Data Systems (NYSE:ADS) was upgraded by investment analysts at Oppenheimer from a “market perform” rating to an “outperform” rating in a note issued to investors on Monday, MarketBeat reports. The brokerage currently has a $125.00 price objective on the business services provider’s stock. Oppenheimer’s price target would suggest a potential upside of 17.25% from the stock’s current price. Oppenheimer also issued estimates for Alliance Data Systems’ Q4 2019 earnings at $4.30 EPS, Q1 2020 earnings at $4.21 EPS, Q2 2020 earnings at $4.64 EPS, Q3 2020 earnings at $5.95 EPS, Q4 2020 earnings at $6.61 EPS, FY2020 earnings at $21.43 EPS and FY2021 earnings at $23.34 EPS.

Several other research analysts also recently commented on the company. Wells Fargo & Co downgraded Alliance Data Systems from an “outperform” rating to a “market perform” rating and set a $115.00 target price for the company. in a research note on Friday, October 25th. Warburg Research restated a “neutral” rating and issued a $280.00 target price on shares of Alliance Data Systems in a research note on Monday, October 21st. Robert W. Baird set a $173.00 price target on Alliance Data Systems and gave the company a “hold” rating in a research report on Friday, July 19th. Goldman Sachs Group reiterated a “buy” rating and set a $310.00 price target on shares of Alliance Data Systems in a research report on Thursday, October 17th. Finally, JMP Securities dropped their price target on Alliance Data Systems from $178.00 to $125.00 and set a “market outperform” rating for the company in a research report on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $182.44.

NYSE ADS traded down $0.57 during trading hours on Monday, hitting $106.61. The company had a trading volume of 504,874 shares, compared to its average volume of 820,403. Alliance Data Systems has a 52 week low of $99.20 and a 52 week high of $203.84. The firm has a 50 day simple moving average of $115.79 and a 200 day simple moving average of $136.03. The company has a debt-to-equity ratio of 8.91, a quick ratio of 2.08 and a current ratio of 2.10. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of 4.94, a PEG ratio of 0.52 and a beta of 1.63.

Alliance Data Systems (NYSE:ADS) last issued its earnings results on Thursday, October 24th. The business services provider reported $5.05 EPS for the quarter, missing the consensus estimate of $5.08 by ($0.03). Alliance Data Systems had a return on equity of 47.40% and a net margin of 7.54%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the business earned $5.37 EPS. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, research analysts forecast that Alliance Data Systems will post 16.65 earnings per share for the current year.

In related news, major shareholder Holdings L.P. Valueact sold 2,000,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $101.50, for a total transaction of $203,000,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Valueact Capital Master Fund, sold 960,007 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $16.43, for a total value of $15,772,915.01. Company insiders own 2.80% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. YorkBridge Wealth Partners LLC purchased a new position in shares of Alliance Data Systems during the 2nd quarter valued at about $28,000. Johnson Financial Group Inc. raised its holdings in shares of Alliance Data Systems by 940.9% during the 2nd quarter. Johnson Financial Group Inc. now owns 229 shares of the business services provider’s stock valued at $32,000 after buying an additional 207 shares in the last quarter. Whitnell & Co. purchased a new position in shares of Alliance Data Systems during the 3rd quarter valued at about $36,000. Rational Advisors LLC raised its holdings in shares of Alliance Data Systems by 83.4% during the 3rd quarter. Rational Advisors LLC now owns 310 shares of the business services provider’s stock valued at $40,000 after buying an additional 141 shares in the last quarter. Finally, CSat Investment Advisory L.P. raised its holdings in shares of Alliance Data Systems by 92.1% during the 2nd quarter. CSat Investment Advisory L.P. now owns 436 shares of the business services provider’s stock valued at $61,000 after buying an additional 209 shares in the last quarter. 89.44% of the stock is currently owned by institutional investors.

About Alliance Data Systems

Alliance Data Systems Corporation provides data-driven marketing and loyalty solutions worldwide. It operates through three segments: LoyaltyOne, Epsilon, and Card Services. The company offers a portfolio of integrated outsourced marketing solutions, including customer loyalty programs, database marketing services, end-to-end marketing services, analytics and creative services, direct marketing services, and private label and co-brand retail credit card programs.

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Analyst Recommendations for Alliance Data Systems (NYSE:ADS)

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