Piper Jaffray Companies Reaffirms Buy Rating for Alliance Data Systems (ADS)

Piper Jaffray Companies restated their buy rating on shares of Alliance Data Systems (NYSE:ADS) in a report released on Thursday morning. The firm currently has a $368.00 price target on the business services provider’s stock.

A number of other research firms also recently commented on ADS. Zacks Investment Research upgraded shares of Alliance Data Systems from a hold rating to a buy rating and set a $310.00 price objective for the company in a research note on Tuesday, January 16th. Barclays restated an equal weight rating and set a $298.00 price objective (up from $278.00) on shares of Alliance Data Systems in a research note on Monday, January 8th. Royal Bank of Canada restated a buy rating and set a $293.00 price objective on shares of Alliance Data Systems in a research note on Thursday, January 4th. Robert W. Baird restated a hold rating and set a $270.00 price objective on shares of Alliance Data Systems in a research note on Tuesday, January 9th. Finally, Stephens set a $304.00 price objective on shares of Alliance Data Systems and gave the stock a buy rating in a research note on Tuesday, January 2nd. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $274.06.

Alliance Data Systems (NYSE:ADS) opened at $261.82 on Thursday. Alliance Data Systems has a one year low of $209.00 and a one year high of $278.33. The company has a debt-to-equity ratio of 9.53, a quick ratio of 2.09 and a current ratio of 2.11. The company has a market cap of $14,465.29, a PE ratio of 15.56, a PEG ratio of 0.94 and a beta of 1.79.

Alliance Data Systems (NYSE:ADS) last posted its quarterly earnings data on Thursday, October 19th. The business services provider reported $5.35 EPS for the quarter, topping the Zacks’ consensus estimate of $4.80 by $0.55. Alliance Data Systems had a net margin of 7.09% and a return on equity of 62.95%. The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the prior year, the business posted $4.74 EPS. The company’s quarterly revenue was up 1.4% on a year-over-year basis. research analysts anticipate that Alliance Data Systems will post 17.06 earnings per share for the current year.

In other Alliance Data Systems news, CFO Charles L. Horn sold 2,128 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $235.00, for a total value of $500,080.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.60% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. ETF Managers Group LLC bought a new position in Alliance Data Systems in the 2nd quarter valued at about $128,000. WFG Advisors LP increased its holdings in shares of Alliance Data Systems by 135.9% during the second quarter. WFG Advisors LP now owns 677 shares of the business services provider’s stock worth $174,000 after purchasing an additional 390 shares during the period. Simonbaker & Partners LLC bought a new position in shares of Alliance Data Systems during the second quarter worth approximately $202,000. TLP Group LLC bought a new position in shares of Alliance Data Systems during the second quarter worth approximately $263,000. Finally, GSA Capital Partners LLP bought a new position in shares of Alliance Data Systems during the second quarter worth approximately $266,000. 94.59% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Alliance Data Systems (NYSE:ADS)

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