Alliance Data Systems Corporation (NYSE:ADS)‘s stock had its “sell” rating reaffirmed by equities research analysts at Credit Suisse Group in a research report issued on Thursday. They currently have a $174.00 target price on the business services provider’s stock. Credit Suisse Group’s price objective suggests a potential downside of 21.36% from the stock’s previous close.
ADS has been the topic of several other reports. Cowen and Company reaffirmed an “outperform” rating and issued a $255.00 price objective on shares of Alliance Data Systems Corporation in a research report on Wednesday, April 19th. Deutsche Bank AG set a $278.00 target price on shares of Alliance Data Systems Corporation and gave the company a “buy” rating in a research note on Monday, May 1st. Zacks Investment Research lowered shares of Alliance Data Systems Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. ValuEngine lowered shares of Alliance Data Systems Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Oppenheimer Holdings, Inc. assumed coverage on shares of Alliance Data Systems Corporation in a research note on Tuesday, May 16th. They set a “sell” rating and a $185.00 target price for the company. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $252.31.
Shares of Alliance Data Systems Corporation (NYSE ADS) opened at 221.27 on Thursday. The stock has a market capitalization of $12.28 billion, a P/E ratio of 25.23 and a beta of 1.76. Alliance Data Systems Corporation has a 12 month low of $196.40 and a 12 month high of $266.25. The company’s 50 day moving average price is $243.69 and its 200-day moving average price is $244.69.
Alliance Data Systems Corporation (NYSE:ADS) last released its quarterly earnings data on Thursday, July 20th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.37. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Alliance Data Systems Corporation had a return on equity of 59.67% and a net margin of 6.77%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm posted $3.68 EPS. Equities analysts predict that Alliance Data Systems Corporation will post $18.06 earnings per share for the current year.
Alliance Data Systems Corporation declared that its Board of Directors has authorized a stock repurchase program on Thursday, July 27th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the business services provider to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.
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A number of hedge funds and other institutional investors have recently modified their holdings of ADS. Fiduciary Trust Co. bought a new position in Alliance Data Systems Corporation during the second quarter valued at approximately $108,000. Johnson Financial Group Inc. increased its position in Alliance Data Systems Corporation by 9.8% in the first quarter. Johnson Financial Group Inc. now owns 426 shares of the business services provider’s stock valued at $106,000 after buying an additional 38 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in Alliance Data Systems Corporation by 68.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 462 shares of the business services provider’s stock valued at $115,000 after buying an additional 188 shares during the period. ETF Managers Group LLC bought a new position in Alliance Data Systems Corporation during the second quarter valued at approximately $128,000. Finally, FNY Partners Fund LP increased its position in Alliance Data Systems Corporation by 163.0% in the first quarter. FNY Partners Fund LP now owns 526 shares of the business services provider’s stock valued at $130,000 after buying an additional 326 shares during the period. 98.89% of the stock is owned by institutional investors.
Alliance Data Systems Corporation 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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