Alliance Data Systems Corporation (ADS) was Downgraded by BMO Capital Markets to ” Market Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. BMO Capital Markets advised their investors in a research report released on Jul 22, 2016.
Many Wall Street Analysts have commented on Alliance Data Systems Corporation. Alliance Data Systems Corporation was Downgraded by Stifel to ” Hold” on Jul 18, 2016. Shares were Reiterated by Barclays on Jul 7, 2016 to “Overweight” and Lowered the Price Target to $ 240 from a previous price target of $280 .Susquehanna Initiated Alliance Data Systems Corporation on Apr 26, 2016 to “Neutral”, Price Target of the shares are set at $228.
On the company’s financial health, Alliance Data Systems Corporation reported $3.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $3.59. The company had revenue of $1748.80 million for the quarter, compared to analysts expectations of $1641.29 million. The company’s revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.32 EPS.
Alliance Data Systems Corporation opened for trading at $215 and hit $215.48 on the upside on Wednesday, eventually ending the session at $215.02, with a gain of 0.28% or 0.61 points. The heightened volatility saw the trading volume jump to 10,77,018 shares. Company has a market cap of $12,673 M.
In a different news, on Jun 2, 2016, Bruce K Anderson (director) sold 354 shares at $221.70 per share price. According to the SEC, on Feb 12, 2016, Bryan A Pearson (EVP & President, LoyaltyOne) sold 3,724 shares at $180.78 per share price. On Nov 5, 2015, Melisa A Miller (EVP & Pres, Card Services) sold 5,100 shares at $295.45 per share price, according to the Form-4 filing with the securities and exchange commission.
Alliance Data Systems Corporation is a provider of data-driven marketing and loyalty solutions serving consumer-based businesses in a variety of industries. The Company operates through three segments: LoyaltyOne which includes the Company’s Canadian AIR MILES Reward Program and BrandLoyalty; Epsilon which provides direct marketing solutions and Private Label Services and Credit which provides risk management solutions account origination funding transaction processing customer care collections and marketing services for the Company’s private label and co-brand retail credit card programs. 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.