Evercore Partners initiated coverage on shares of Alliance Data Systems Corp. (NYSE:ADS) in a research note released on Tuesday morning, TheFlyOnTheWall.com reports. The firm issued an overweight rating and a $290.00 target price on the stock.
A number of other firms have also recently commented on ADS. Analysts at Deutsche Bank raised their price target on shares of Alliance Data Systems Corp. from $240.00 to $265.00 in a research note to investors on Wednesday, November 6th. They now have a buy rating on the stock. Separately, analysts at Zacks reiterated a neutral rating on shares of Alliance Data Systems Corp. in a research note to investors on Wednesday, October 23rd. They now have a $244.00 price target on the stock. Finally, analysts at Raymond James upgraded shares of Alliance Data Systems Corp. from a market perform rating to an outperform rating in a research note to investors on Wednesday, October 23rd. They now have a $250.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Alliance Data Systems Corp. has an average rating of Buy and a consensus price target of $224.35.
Alliance Data Systems Corp. (NYSE:ADS) traded up 0.14% on Tuesday, hitting $241.32. 44,415 shares of the company’s stock traded hands. Alliance Data Systems Corp. has a one year low of $141.42 and a one year high of $253.77. The stock has a 50-day moving average of $239.1 and a 200-day moving average of $205.9. The company has a market cap of $11.755 billion and a P/E ratio of 34.91.
Alliance Data Systems Corp. (NYSE:ADS) last announced its earnings results on Thursday, October 17th. The company reported $2.67 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.65 by $0.02. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the company posted $2.37 earnings per share. Alliance Data Systems Corp.’s revenue was up 20.2% compared to the same quarter last year. Analysts expect that Alliance Data Systems Corp. will post $9.97 EPS for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.