Alliance Data Systems Corp. Rating Reiterated by BMO Capital Markets (ADS)
Alliance Data Systems Corp. (NYSE:ADS)‘s stock had its “buy” rating reiterated by equities research analysts at BMO Capital Markets in a research note issued to investors on Tuesday, AnalystRatings.Net reports. They currently have a $240.00 price objective on the stock. BMO Capital Markets’ price target would indicate a potential upside of 7.20% from the stock’s previous close.
Shares of Alliance Data Systems Corp. (NYSE:ADS) traded down 0.78% on Tuesday, hitting $223.89. 372,406 shares of the company’s stock traded hands. Alliance Data Systems Corp. has a 1-year low of $135.91 and a 1-year high of $226.04. The stock has a 50-day moving average of $208.9 and a 200-day moving average of $187.6. The company has a market cap of $10.913 billion and a price-to-earnings ratio of 33.54.
Alliance Data Systems Corp. (NYSE:ADS) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $2.41 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $2.13 earnings per share. Alliance Data Systems Corp.’s revenue was up 18.6% compared to the same quarter last year. On average, analysts predict that Alliance Data Systems Corp. will post $9.96 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on ADS. Analysts at SunTrust raised their price target on shares of Alliance Data Systems Corp. from $220.00 to $265.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, 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. Finally, analysts at Barclays 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. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $211.43.
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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