Royal Bank of Canada Reiterates Buy Rating for Alliance Data Systems (ADS)

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.

Alliance Data Systems (NYSE:ADS) last announced its quarterly earnings results on Thursday, October 19th. The business services provider reported $5.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.80 by $0.55. The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Alliance Data Systems had a net margin of 7.09% and a return on equity of 62.95%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $4.74 EPS. equities research analysts predict that Alliance Data Systems will post 17.08 earnings per share for the current fiscal year.

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.

Analyst Recommendations for Alliance Data Systems (NYSE:ADS)

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