Barclays Reaffirms “Equal Weight” Rating for Alliance Data Systems (ADS)

Alliance Data Systems (NYSE:ADS)‘s stock had its “equal weight” rating restated by investment analysts at Barclays in a research note issued on Monday. They currently have a $298.00 price objective on the business services provider’s stock, up from their previous price objective of $278.00. Barclays’ price objective would indicate a potential upside of 11.21% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on ADS. Zacks Investment Research upgraded Alliance Data Systems from a “hold” rating to a “buy” rating and set a $296.00 price objective for the company in a research note on Friday, January 5th. Stephens set a $304.00 price objective on Alliance Data Systems and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Royal Bank of Canada reiterated a “buy” rating and issued a $293.00 price objective on shares of Alliance Data Systems in a research note on Thursday, January 4th. 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, October 18th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $300.00 price objective on shares of Alliance Data Systems in a research note on Friday, October 6th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Alliance Data Systems has a consensus rating of “Hold” and a consensus price target of $266.76.

Shares of Alliance Data Systems (NYSE:ADS) opened at $267.96 on Monday. The company has a quick ratio of 2.09, a current ratio of 2.11 and a debt-to-equity ratio of 9.53. Alliance Data Systems has a 52 week low of $209.00 and a 52 week high of $268.85. The firm has a market capitalization of $14,550.00, a P/E ratio of 28.42, a price-to-earnings-growth ratio of 0.95 and a beta of 1.79.

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

In other Alliance Data Systems news, CFO Charles L. Horn sold 2,128 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $235.00, for a total value of $500,080.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.60% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Northern Trust Corp grew its holdings in Alliance Data Systems by 41.3% in the second quarter. Northern Trust Corp now owns 1,308,680 shares of the business services provider’s stock valued at $335,925,000 after purchasing an additional 382,814 shares during the last quarter. Turtle Creek Asset Management Inc. grew its holdings in Alliance Data Systems by 3,379.9% in the third quarter. Turtle Creek Asset Management Inc. now owns 259,250 shares of the business services provider’s stock valued at $57,437,000 after purchasing an additional 251,800 shares during the last quarter. Atlantic Trust Group LLC grew its holdings in Alliance Data Systems by 53.6% in the third quarter. Atlantic Trust Group LLC now owns 572,862 shares of the business services provider’s stock valued at $126,917,000 after purchasing an additional 199,877 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in Alliance Data Systems by 67.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 304,511 shares of the business services provider’s stock valued at $67,748,000 after purchasing an additional 122,900 shares during the last quarter. Finally, State of Tennessee Treasury Department grew its holdings in Alliance Data Systems by 75.1% in the third quarter. State of Tennessee Treasury Department now owns 265,070 shares of the business services provider’s stock valued at $58,726,000 after purchasing an additional 113,674 shares during the last quarter. Hedge funds and other institutional investors own 94.57% of the company’s stock.

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About Alliance Data Systems

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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