Alliance Data Systems Receives “Neutral” Rating from JPMorgan Chase & Co. (ADS)
Alliance Data Systems (NYSE:ADS)‘s stock had its “neutral” rating reiterated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday. They currently have a $283.00 price target on the stock, up from their previous price target of $277.00. JPMorgan Chase & Co.’s target price would indicate a potential upside of 9.84% from the stock’s previous close.
Alliance Data Systems (NYSE:ADS) traded up 1.43% on Wednesday, hitting $261.34. The stock had a trading volume of 98,539 shares. Alliance Data Systems has a one year low of $194.29 and a one year high of $300.49. The stock has a 50-day moving average of $271.7 and a 200-day moving average of $264.4. The company has a market cap of $14.512 billion and a P/E ratio of 31.94.
Alliance Data Systems (NYSE:ADS) last issued its quarterly earnings data on Thursday, July 17th. The company reported $2.90 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.73 by $0.17. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the company posted $2.41 earnings per share. Alliance Data Systems’s revenue was up 23.1% compared to the same quarter last year. Analysts expect that Alliance Data Systems will post $12.42 EPS for the current fiscal year.
In other Alliance Data Systems news, EVP Bryan A. Pearson sold 11,500 shares of Alliance Data Systems stock on the open market in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $260.76, for a total transaction of $2,998,740.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of other analysts have also recently weighed in on ADS. Analysts at Raymond James reiterated an “outperform” rating on shares of Alliance Data Systems in a research note on Friday, July 18th. They now have a $300.00 price target on the stock, up previously from $285.00. Separately, analysts at JMP Securities reiterated a “market outperform” rating on shares of Alliance Data Systems in a research note on Friday, July 18th. They now have a $310.00 price target on the stock, up previously from $280.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Alliance Data Systems in a research note on Friday, July 18th. They now have a $289.00 price target on the stock. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $299.17.
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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