Alliance Data Systems’ (ADS) “Buy” Rating Reaffirmed at Royal Bank of Canada
Royal Bank of Canada restated their buy rating on shares of Alliance Data Systems (NYSE:ADS) in a research note released on Thursday morning. They currently have a $293.00 price objective on the business services provider’s stock.
A number of other brokerages also recently commented on ADS. Stephens set a $304.00 price target on shares of Alliance Data Systems and gave the stock a buy rating in a report on Tuesday, January 2nd. Barclays upgraded shares of Alliance Data Systems from an equal weight rating to an overweight rating and lifted their price target for the stock from $265.00 to $310.00 in a report on Wednesday. ValuEngine upgraded shares of Alliance Data Systems from a hold rating to a buy rating in a report on Saturday, October 21st. Oppenheimer set a $208.00 target price on shares of Alliance Data Systems and gave the company a sell rating in a report on Thursday, October 26th. Finally, SunTrust Banks restated a buy rating and issued a $310.00 target price on shares of Alliance Data Systems in a report on Friday, October 20th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $267.31.
Shares of Alliance Data Systems (NYSE ADS) traded up $0.71 during midday trading on Thursday, hitting $264.76. 451,015 shares of the stock were exchanged, compared to its average volume of 513,506. The stock has a market capitalization of $14,627.73, a P/E ratio of 28.08, a PEG ratio of 0.95 and a beta of 1.79. Alliance Data Systems has a 1-year low of $209.00 and a 1-year high of $266.25. 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 issued its quarterly earnings results on Thursday, October 19th. The business services provider reported $5.35 EPS for the quarter, topping analysts’ consensus estimates of $4.80 by $0.55. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.97 billion. Alliance Data Systems had a net margin of 7.09% and a return on equity of 62.95%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.74 earnings per share. analysts expect that Alliance Data Systems will post 17.08 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 19th. Investors of record on Tuesday, November 14th were issued a $0.52 dividend. The ex-dividend date of this dividend was Monday, November 13th. This represents a $2.08 dividend on an annualized basis and a yield of 0.79%. Alliance Data Systems’s payout ratio is 22.06%.
In other Alliance Data Systems news, CFO Charles L. Horn sold 2,128 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $235.00, for a total transaction of $500,080.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.60% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ADS. Northern Trust Corp grew its stake in Alliance Data Systems by 41.3% during the second quarter. Northern Trust Corp now owns 1,308,680 shares of the business services provider’s stock worth $335,925,000 after buying an additional 382,814 shares during the period. Turtle Creek Asset Management Inc. grew its stake in Alliance Data Systems by 3,379.9% during the third quarter. Turtle Creek Asset Management Inc. now owns 259,250 shares of the business services provider’s stock worth $57,437,000 after buying an additional 251,800 shares during the period. Atlantic Trust Group LLC grew its stake in Alliance Data Systems by 53.6% during the third quarter. Atlantic Trust Group LLC now owns 572,862 shares of the business services provider’s stock worth $126,917,000 after buying an additional 199,877 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its stake in Alliance Data Systems by 67.7% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 304,511 shares of the business services provider’s stock worth $67,748,000 after buying an additional 122,900 shares during the period. Finally, State of Tennessee Treasury Department grew its stake in Alliance Data Systems by 75.1% during the third quarter. State of Tennessee Treasury Department now owns 265,070 shares of the business services provider’s stock worth $58,726,000 after buying an additional 113,674 shares during the period. Institutional investors own 94.57% of the company’s stock.
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About Alliance Data Systems
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.
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