MDC Partners Inc Sets New 1-Year High at $32.55 (MDCA)
MDC Partners (NASDAQ:MDCA) set a new 52-week high during trading on Tuesday, ARN reports. The stock traded as high as $32.55 and last traded at $32.18, with a volume of 258,146 shares. The stock had previously closed at $29.26.
A number of analysts have recently weighed in on MDCA shares. Analysts at BMO Capital Markets raised their price target on shares of MDC Partners from C$30.00 to C$35.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at UBS AG reiterated a “buy” rating on shares of MDC Partners in a research note to investors on Tuesday. They now have a $34.00 price target on the stock. Finally, analysts at UBS AG set a $32.00 price target on shares of MDC Partners in a research note to investors on Tuesday, October 8th. They now have a “buy” rating on the stock. Six research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average price target of $24.67.
MDC Partners has a one year low of $9.35 and a one year high of $25.05. The stock’s 50-day moving average is $24.10 and its 200-day moving average is $18.81. The company’s market cap is $1.039 billion.
MDC Partners (NASDAQ:MDCA) last released its earnings data on Monday, October 28th. The company reported ($0.44) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.16 by $0.60. The company had revenue of $289.00 million for the quarter, compared to the consensus estimate of $290.54 million. During the same quarter in the prior year, the company posted ($0.42) earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. On average, analysts predict that MDC Partners will post $-0.52 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 22nd. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.97%.
MDC Partners Inc (NASDAQ:MDCA) is a provider of marketing communications services to customers worldwide.
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