Alliance Data Systems Corp. Reaches New 12-Month High at $265.35 (ADS)
Alliance Data Systems Corp. (NYSE:ADS)’s share price reached a new 52-week high during mid-day trading on Friday, Analyst RN reports. The stock traded as high as $265.35 and last traded at $264.24, with a volume of 350,198 shares traded. The stock had previously closed at $262.34.
ADS has been the subject of a number of recent research reports. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Alliance Data Systems Corp. in a research note to investors on Monday, December 16th. They now have a $269.00 price target on the stock, up previously from $250.00. Separately, analysts at Evercore Partners initiated coverage on shares of Alliance Data Systems Corp. in a research note to investors on Tuesday, December 3rd. They set an “overweight” rating and a $290.00 price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Alliance Data Systems Corp. from $240.00 to $265.00 in a research note to investors on Wednesday, November 6th. They now have a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $227.94.
Alliance Data Systems Corp. has a 52 week low of $149.83 and a 52 week high of $264.31. The stock has a 50-day moving average of $248.5 and a 200-day moving average of $216.1. The company has a market cap of $12.845 billion and a price-to-earnings ratio of 38.00.
Alliance Data Systems Corp. (NYSE:ADS) last issued its quarterly earnings data on Thursday, October 17th. The company reported $2.67 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.65 by $0.02. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the company posted $2.37 earnings per share. The company’s quarterly revenue was up 20.2% on a year-over-year basis.
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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