In a report released today, Dominick Gabriele from Oppenheimer maintained a Buy rating on Alliance Data Systems (ADS), with a price target of $68.00. The company’s shares closed last Friday at $51.54.
According to TipRanks.com, Gabriele is a 1-star analyst with an average return of -2.8% and a 37.5% success rate. Gabriele covers the Financial sector, focusing on stocks such as Discover Financial Services, Capital One Financial, and Synchrony Financial.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alliance Data Systems with a $72.50 average price target, a 41.1% upside from current levels. In a report issued on October 19, RBC Capital also maintained a Buy rating on the stock with a $57.00 price target.
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Based on Alliance Data Systems’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $979 million and net profit of $38.4 million. In comparison, last year the company earned revenue of $1.35 billion and had a net profit of $139 million.
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Alliance Data Systems Corp. engages in the provision of data-driven and transaction-based marketing and customer loyalty solutions. It operates through the following segments: LoyaltyOne, Epsilon and Card Services. The LoyaltyOne segment provides coalition and short-term loyalty programs. The Epsilon segment offers end-to-end, integrated marketing solutions. The Card Services offers risk management solutions, account origination, funding, transaction processing, customer care, collections, and marketing services for the company’s private label and co-brand credit card programs. The company was founded in 1996 and is headquartered in Columbus, Ohio.
