Alliance Data Systems Corp. Stock Rating Lowered by Goldman Sachs Group Inc. (ADS)
Alliance Data Systems Corp. (NYSE:ADS) was downgraded by equities researchers at Goldman Sachs Group Inc. from a “buy” rating to a “neutral” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports. They currently have a $280.00 target price on the stock. Goldman Sachs Group Inc.’s target price indicates a potential upside of 9.72% from the company’s current price.
Alliance Data Systems Corp. (NYSE:ADS) traded down 1.20% on Tuesday, hitting $255.19. 1,290,279 shares of the company’s stock traded hands. Alliance Data Systems Corp. has a 1-year low of $149.83 and a 1-year high of $265.35. The stock has a 50-day moving average of $249.4 and a 200-day moving average of $218.5. The company has a market cap of $12.431 billion and a P/E ratio of 37.42.
Alliance Data Systems Corp. (NYSE:ADS) last posted its quarterly earnings results on Thursday, October 17th. The company reported $2.67 earnings per share for the quarter, beating the analysts’ 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. On average, analysts predict that Alliance Data Systems Corp. will post $9.97 earnings per share for the current fiscal year.
A number of other firms have also recently commented on ADS. 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. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Alliance Data Systems Corp. has a consensus rating of “Buy” and a consensus target price of $230.59.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.