BMO Capital Markets Reiterates “Hold” Rating for Alliance Data (ADS)

Alliance Data (NYSE:ADS)‘s stock had its “hold” rating reissued by equities researchers at BMO Capital Markets in a note issued to investors on Monday. They currently have a $230.00 price objective on the business services provider’s stock. BMO Capital Markets’ price target points to a potential upside of 8.71% from the stock’s previous close.

ADS has been the subject of a number of other research reports. Royal Bank of Canada reiterated a “buy” rating and set a $293.00 target price on shares of Alliance Data in a research note on Thursday, January 4th. Credit Suisse Group reiterated an “underperform” rating and set a $218.00 target price (up previously from $193.00) on shares of Alliance Data in a research note on Wednesday, January 17th. Barclays upgraded shares of Alliance Data from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $265.00 to $310.00 in a research note on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Alliance Data from a “hold” rating to a “buy” rating and set a $310.00 target price for the company in a research note on Tuesday, January 16th. Finally, Stephens set a $304.00 target price on shares of Alliance Data 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, eight have assigned a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $261.30.

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Shares of ADS stock opened at $211.58 on Monday. The company has a debt-to-equity ratio of 9.69, a current ratio of 2.43 and a quick ratio of 2.41. The firm has a market cap of $11,423.92, a P/E ratio of 11.57, a PEG ratio of 0.76 and a beta of 1.76. Alliance Data has a 12 month low of $203.66 and a 12 month high of $278.33.

Alliance Data (NYSE:ADS) last issued its earnings results on Thursday, January 25th. The business services provider reported $6.10 EPS for the quarter, topping analysts’ consensus estimates of $4.72 by $1.38. The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.15 billion. Alliance Data had a net margin of 10.22% and a return on equity of 66.17%. The company’s revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.67 earnings per share. sell-side analysts anticipate that Alliance Data will post 21.18 earnings per share for the current year.

In other news, EVP Melisa A. Miller sold 12,246 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $245.09, for a total value of $3,001,372.14. Following the completion of the sale, the executive vice president now directly owns 42,654 shares of the company’s stock, valued at $10,454,068.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Edward J. Heffernan sold 21,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $244.83, for a total transaction of $5,141,430.00. Following the completion of the sale, the insider now directly owns 264,668 shares of the company’s stock, valued at $64,798,666.44. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in ADS. Assetmark Inc. raised its holdings in shares of Alliance Data by 26,447.1% in the fourth quarter. Assetmark Inc. now owns 516,342 shares of the business services provider’s stock valued at $5,083,000 after buying an additional 514,397 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Alliance Data by 73.4% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 528,111 shares of the business services provider’s stock valued at $133,866,000 after buying an additional 223,600 shares during the last quarter. Atlantic Trust Group LLC raised its holdings in shares of Alliance Data by 53.6% in the third quarter. Atlantic Trust Group LLC now owns 572,862 shares of the business services provider’s stock valued at $126,917,000 after buying an additional 199,877 shares during the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Alliance Data in the fourth quarter valued at about $35,587,000. Finally, USS Investment Management Ltd raised its holdings in shares of Alliance Data by 24.3% in the fourth quarter. USS Investment Management Ltd now owns 678,796 shares of the business services provider’s stock valued at $172,078,000 after buying an additional 132,796 shares during the last quarter. 94.65% of the stock is owned by institutional investors and hedge funds.

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Alliance Data Company Profile

Alliance Data Systems Corporation provides data-driven marketing and loyalty solutions worldwide. It operates through three segments: LoyaltyOne, Epsilon, and Card Services. 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 (NYSE:ADS)

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