Oppenheimer Increases Alliance Data Systems (ADS) Price Target to $227.00

Alliance Data Systems (NYSE:ADS) had its target price lifted by Oppenheimer from $219.00 to $227.00 in a research note issued to investors on Friday. The firm currently has an “underperform” rating on the business services provider’s stock. Oppenheimer’s price target suggests a potential downside of 13.31% from the stock’s current price.

ADS has been the topic of a number of other research reports. Zacks Investment Research upgraded Alliance Data Systems from a “hold” rating to a “buy” rating and set a $296.00 price target on the stock in a research note on Friday, January 5th. Royal Bank of Canada restated a “buy” rating and set a $293.00 price target on shares of Alliance Data Systems in a research note on Thursday, January 4th. Keefe, Bruyette & Woods restated a “buy” rating and set a $300.00 price target on shares of Alliance Data Systems in a research note on Friday, October 6th. Barclays restated an “equal weight” rating and set a $298.00 price target (up previously from $278.00) on shares of Alliance Data Systems in a research note on Monday, January 8th. Finally, BMO Capital Markets restated a “hold” rating and set a $235.00 price target on shares of Alliance Data Systems in a research note on Wednesday, November 22nd. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $276.44.

Alliance Data Systems (ADS) traded up $9.00 on Friday, hitting $261.85. The stock had a trading volume of 877,706 shares, compared to its average volume of 625,787. Alliance Data Systems has a fifty-two week low of $209.00 and a fifty-two week high of $278.33. The stock has a market cap of $14,470.00, a P/E ratio of 27.77, a P/E/G ratio of 0.97 and a beta of 1.79. The company has a current ratio of 2.11, a quick ratio of 2.09 and a debt-to-equity ratio of 9.53.

Alliance Data Systems (NYSE:ADS) last released its quarterly earnings data on Thursday, January 25th. The business services provider reported $6.10 EPS for the quarter, beating analysts’ consensus estimates of $4.72 by $1.38. Alliance Data Systems had a return on equity of 62.95% and a net margin of 7.09%. The business had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the prior year, the business posted $4.67 EPS. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. analysts forecast that Alliance Data Systems will post 17.06 EPS for the current year.

In other Alliance Data Systems news, CFO Charles L. Horn sold 2,128 shares of Alliance Data Systems stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $235.00, for a total value of $500,080.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.60% of the company’s stock.

Several hedge funds have recently made changes to their positions in the business. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in shares of Alliance Data Systems in the 4th quarter valued at approximately $585,000. Highland Capital Management LLC purchased a new position in shares of Alliance Data Systems in the 4th quarter valued at approximately $597,000. Commerzbank Aktiengesellschaft FI purchased a new position in shares of Alliance Data Systems in the 4th quarter valued at approximately $265,000. Pillar Pacific Capital Management LLC lifted its holdings in shares of Alliance Data Systems by 5.6% in the 4th quarter. Pillar Pacific Capital Management LLC now owns 18,468 shares of the business services provider’s stock valued at $4,681,000 after buying an additional 973 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Alliance Data Systems by 12.3% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 171,230 shares of the business services provider’s stock valued at $43,402,000 after buying an additional 18,700 shares during the period. Institutional investors own 94.77% of the company’s stock.

WARNING: This article was originally reported by American Banking and Market News and is owned by of American Banking and Market News. If you are accessing this article on another publication, it was illegally copied and republished in violation of US & international copyright & trademark law. The original version of this article can be viewed at https://www.americanbankingnews.com/2018/01/26/oppenheimer-increases-alliance-data-systems-ads-price-target-to-227-00.html.

Alliance Data Systems Company Profile

Alliance Data Systems Corporation is a provider of data-driven marketing and loyalty solutions serving consumer-based businesses in a range of industries. The Company offers a portfolio of integrated outsourced marketing solutions, including customer loyalty programs, database marketing services, end-to-end marketing services, analytics and creative services, direct marketing services, and private label and co-brand retail credit card programs.