Shares of MDC Partners Inc (NASDAQ:MDCA) have been given an average rating of “Hold” by the eight research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $12.80.
MDCA has been the subject of a number of recent analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $12.00 price target on shares of MDC Partners in a report on Tuesday, March 21st. Zacks Investment Research cut MDC Partners from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 3rd. Wells Fargo & Company reaffirmed a “hold” rating on shares of MDC Partners in a research note on Friday, April 28th. BMO Capital Markets reaffirmed a “buy” rating and set a $15.00 price objective on shares of MDC Partners in a research note on Monday, April 17th. Finally, Royal Bank Of Canada set a $10.00 target price on MDC Partners and gave the stock a “hold” rating in a report on Friday, June 2nd.
A number of institutional investors have recently made changes to their positions in MDCA. Karp Capital Management Corp purchased a new position in MDC Partners during the first quarter valued at approximately $101,000. 1st Global Advisors Inc. purchased a new position in MDC Partners during the first quarter valued at approximately $119,000. Parkwood LLC purchased a new position in MDC Partners during the first quarter valued at approximately $126,000. Stifel Financial Corp increased its position in MDC Partners by 3.8% in the first quarter. Stifel Financial Corp now owns 13,895 shares of the business services provider’s stock valued at $131,000 after buying an additional 515 shares during the last quarter. Finally, Legal & General Group Plc increased its position in MDC Partners by 0.9% in the first quarter. Legal & General Group Plc now owns 14,767 shares of the business services provider’s stock valued at $139,000 after buying an additional 127 shares during the last quarter. 86.65% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of MDC Partners (NASDAQ:MDCA) traded up 1.16% during trading on Tuesday, hitting $8.75. 682,974 shares of the stock were exchanged. MDC Partners has a one year low of $2.75 and a one year high of $19.26. The stock’s 50 day moving average price is $8.45 and its 200 day moving average price is $7.87. The stock’s market cap is $498.23 million.
MDC Partners (NASDAQ:MDCA) last posted its earnings results on Thursday, April 27th. The business services provider reported ($0.21) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.29. The company had revenue of $344.70 million during the quarter, compared to analyst estimates of $335.32 million. MDC Partners’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.47) EPS. Equities research analysts predict that MDC Partners will post $0.28 EPS for the current year.
MDC Partners Company Profile
MDC Partners Inc is a provider of global marketing, advertising, activation, communications and strategic consulting solutions. The Company and its subsidiary agencies (Partner Firms) deliver a range of customized services. The Company’s segments include Reportable Segment, All Other and Corporate. The Reportable segment consists of the Company’s integrated advertising, media and public relations service companies.
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