BMO Capital Markets reaffirmed their buy rating on shares of MDC Partners Inc. (NASDAQ:MDCA) in a report issued on Wednesday. They currently have a $15.00 price target on the business services provider’s stock.
A number of other equities research analysts have also commented on MDCA. Royal Bank Of Canada restated a sector perform rating and set a $12.00 price target (up from $10.00) on shares of MDC Partners in a research report on Tuesday, August 8th. BidaskClub lowered MDC Partners from a strong-buy rating to a buy rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded MDC Partners from a strong sell rating to a hold rating in a research report on Thursday, June 29th. Finally, Jefferies Group LLC increased their price target on MDC Partners to $12.00 and gave the stock a buy rating in a research report on Monday, June 5th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $12.14.
Shares of MDC Partners (MDCA) traded up 3.72% on Wednesday, reaching $9.75. The company’s stock had a trading volume of 373,898 shares. MDC Partners has a 52 week low of $2.75 and a 52 week high of $11.83. The stock’s market capitalization is $569.79 million. The stock has a 50-day moving average of $9.96 and a 200 day moving average of $9.21.
MDC Partners (NASDAQ:MDCA) last released its quarterly earnings results on Monday, August 7th. The business services provider reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.02). The business had revenue of $390.53 million for the quarter, compared to the consensus estimate of $368.74 million. MDC Partners had a negative return on equity of 5.72% and a negative net margin of 1.70%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company earned $0.02 earnings per share. On average, analysts expect that MDC Partners will post $0.31 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC boosted its position in MDC Partners by 5.3% in the 1st quarter. FMR LLC now owns 8,291,115 shares of the business services provider’s stock valued at $77,936,000 after buying an additional 416,974 shares during the last quarter. Wells Fargo & Company MN boosted its position in MDC Partners by 0.7% in the 1st quarter. Wells Fargo & Company MN now owns 2,402,505 shares of the business services provider’s stock valued at $22,583,000 after buying an additional 17,452 shares during the last quarter. Teachers Advisors LLC boosted its position in MDC Partners by 0.4% in the 2nd quarter. Teachers Advisors LLC now owns 2,194,168 shares of the business services provider’s stock valued at $21,722,000 after buying an additional 8,434 shares during the last quarter. Schroder Investment Management Group boosted its position in MDC Partners by 3.3% in the 2nd quarter. Schroder Investment Management Group now owns 1,504,336 shares of the business services provider’s stock valued at $14,968,000 after buying an additional 48,053 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in MDC Partners by 7.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,503,063 shares of the business services provider’s stock valued at $14,881,000 after buying an additional 105,949 shares during the last quarter. Hedge funds and other institutional investors own 83.69% of the company’s stock.
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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