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Equities researchers at SunTrust upped their price objective on shares of Alliance Data Systems (NYSE:ADS) from $335.00 to $350.00 in a research report issued on Wednesday. SunTrust’s price target would indicate a potential upside of 31.93% from the stock’s previous close.

Alliance Data Systems (NYSE:ADS) opened at 265.29 on Wednesday. Alliance Data Systems has a 52 week low of $194.29 and a 52 week high of $300.49. The stock’s 50-day moving average is $269.2 and its 200-day moving average is $265.0. The company has a market cap of $14.731 billion and a price-to-earnings ratio of 32.78.

Alliance Data Systems (NYSE:ADS) last announced its earnings results on Thursday, July 17th. The company reported $2.90 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $2.41 earnings per share. The company’s quarterly revenue was up 23.1% on a year-over-year basis. Analysts expect that Alliance Data Systems will post $12.43 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Alliance Data Systems in a research note on Thursday, August 14th. They now have a $274.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Alliance Data Systems in a research note on Wednesday, August 13th. They now have a $283.00 price target on the stock, up previously from $277.00. Finally, 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. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $301.11.

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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