Alliance Data Systems Corp. Sets New 1-Year High at $220.40 (ADS)
Alliance Data Systems Corp. (NYSE:ADS) set a new 52-week high during trading on Thursday, AnalystRatings.Net reports. The stock traded as high as $220.40 and last traded at $220.08, with a volume of 221,575 shares. The stock had previously closed at $214.01.
A number of analysts have recently weighed in on ADS shares. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Alliance Data Systems Corp. in a research note to investors on Friday, October 4th. They now have a $240.00 price target on the stock. Separately, analysts at BMO Capital Markets upgraded shares of Alliance Data Systems Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Friday, October 4th. They now have a $240.00 price target on the stock, up previously from $195.00. Finally, analysts at Barclays Capital raised their price target on shares of Alliance Data Systems Corp. from $208.00 to $220.00 in a research note to investors on Friday, August 16th. They now have an “overweight” rating on the stock. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $208.21.
Alliance Data Systems Corp. has a 52 week low of $135.91 and a 52 week high of $220.02. The stock has a 50-day moving average of $206.5 and a 200-day moving average of $185.7. The company has a market cap of $10.741 billion and a P/E ratio of 31.81.
Alliance Data Systems Corp. (NYSE:ADS) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $2.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.30 by $0.11. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the company posted $2.13 earnings per share. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. On average, analysts predict that Alliance Data Systems Corp. will post $9.95 earnings per share for the current fiscal year.
Alliance Data Systems Corporation is a provider of transaction-based, data-driven marketing and loyalty solutions serving consumer-based businesses in a variety of industries.
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