Alliance Data Systems (NYSE:ADS)‘s stock had its “buy” rating reissued by stock analysts at Royal Bank of Canada in a research report issued on Thursday, January 4th. They currently have a $293.00 target price on the business services provider’s stock. Royal Bank of Canada’s target price indicates a potential upside of 6.02% from the stock’s previous close.
ADS has been the topic of a number of other research reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $300.00 price target on shares of Alliance Data Systems in a report on Friday, October 6th. Barclays raised shares of Alliance Data Systems from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $265.00 to $310.00 in a report on Wednesday, January 3rd. BMO Capital Markets reiterated a “hold” rating and issued a $235.00 price objective on shares of Alliance Data Systems in a research note on Wednesday, November 22nd. Stephens set a $304.00 price target on shares of Alliance Data Systems and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Finally, SunTrust Banks reiterated a “buy” rating and issued a $310.00 target price on shares of Alliance Data Systems in a research report on Friday, October 20th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $266.76.
Shares of Alliance Data Systems (ADS) traded up $2.75 on Thursday, hitting $276.37. The stock had a trading volume of 429,800 shares, compared to its average volume of 482,144. The company has a debt-to-equity ratio of 9.53, a quick ratio of 2.09 and a current ratio of 2.11. The firm has a market cap of $15,269.08, a P/E ratio of 29.31, a PEG ratio of 0.99 and a beta of 1.79. Alliance Data Systems has a 12 month low of $209.00 and a 12 month high of $278.33.
In related news, CFO Charles L. Horn sold 2,128 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $235.00, for a total transaction of $500,080.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.60% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in ADS. Fiduciary Trust Co. purchased a new stake in Alliance Data Systems in the second quarter worth about $108,000. ETF Managers Group LLC purchased a new stake in Alliance Data Systems in the second quarter worth about $128,000. WFG Advisors LP grew its holdings in Alliance Data Systems by 135.9% in the second quarter. WFG Advisors LP now owns 677 shares of the business services provider’s stock worth $174,000 after purchasing an additional 390 shares during the period. Commonwealth Bank of Australia grew its holdings in Alliance Data Systems by 66.6% in the second quarter. Commonwealth Bank of Australia now owns 728 shares of the business services provider’s stock worth $185,000 after purchasing an additional 291 shares during the period. Finally, Simonbaker & Partners LLC purchased a new stake in Alliance Data Systems in the second quarter worth about $202,000. Institutional investors own 94.59% of the company’s stock.
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Alliance Data Systems Company Profile
Alliance Data Systems Corporation is a provider of data-driven marketing and loyalty solutions serving consumer-based businesses in a range of industries. 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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