Alliance Data Systems’ (NYSE:ADS) Buy Rating Reiterated at Royal Bank of Canada
Alliance Data Systems (NYSE:ADS)‘s stock had its “buy” rating reissued by analysts at Royal Bank of Canada in a report issued on Thursday, January 4th. They currently have a $293.00 price target on the business services provider’s stock. Royal Bank of Canada’s price target would indicate a potential upside of 14.23% from the stock’s previous close.
A number of other equities research analysts have also recently commented on ADS. BMO Capital Markets reissued a “hold” rating and issued a $235.00 target price on shares of Alliance Data Systems in a research note on Wednesday, October 18th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $300.00 price objective on shares of Alliance Data Systems in a research report on Friday, October 6th. Oppenheimer set a $208.00 price objective on Alliance Data Systems and gave the company a “sell” rating in a research report on Thursday, October 26th. SunTrust Banks reaffirmed a “buy” rating and set a $310.00 price objective on shares of Alliance Data Systems in a research report on Friday, October 20th. Finally, Barclays raised Alliance Data Systems from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $265.00 to $310.00 in a research report on Wednesday, January 3rd. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $276.44.
Shares of Alliance Data Systems (ADS) opened at $256.51 on Thursday. Alliance Data Systems has a 12 month low of $209.00 and a 12 month high of $278.33. The company has a market capitalization of $14,170.00, a price-to-earnings ratio of 18.15, a PEG ratio of 0.98 and a beta of 1.79. The company has a quick ratio of 2.09, a current ratio of 1.91 and a debt-to-equity ratio of 8.02.
In other Alliance Data Systems news, CFO Charles L. Horn sold 2,128 shares of the stock in a transaction dated 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 filing with the SEC, which is accessible through this link. 2.60% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Fiduciary Trust Co. bought a new position in Alliance Data Systems in the second quarter valued at about $108,000. ETF Managers Group LLC bought a new position in Alliance Data Systems in the second quarter valued at about $128,000. WFG Advisors LP lifted 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 valued at $174,000 after acquiring an additional 390 shares during the period. Commonwealth Bank of Australia lifted 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 valued at $185,000 after acquiring an additional 291 shares during the period. Finally, FNY Managed Accounts LLC bought a new position in Alliance Data Systems in the fourth quarter valued at about $190,000. 94.87% of the stock is currently owned by institutional investors.
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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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