MDC Partners Inc. (NASDAQ:MDCA) has been given a consensus recommendation of “Hold” by the nine ratings firms that are presently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $13.50.

Several research firms have issued reports on MDCA. Royal Bank Of Canada restated a “hold” rating on shares of MDC Partners in a research report on Thursday, July 6th. Jefferies Group LLC lifted their target price on shares of MDC Partners to $12.00 and gave the company a “buy” rating in a research report on Monday, June 5th. BidaskClub upgraded shares of MDC Partners from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Wells Fargo & Company reiterated a “hold” rating on shares of MDC Partners in a research report on Friday, April 28th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $15.00 target price on shares of MDC Partners in a research report on Monday, April 17th.

Several hedge funds have recently modified their holdings of the stock. Karp Capital Management Corp acquired a new stake in shares of MDC Partners during the first quarter valued at $101,000. 1st Global Advisors Inc. acquired a new stake in shares of MDC Partners during the first quarter valued at $119,000. Parkwood LLC acquired a new stake in shares of MDC Partners during the first quarter valued at $126,000. Stifel Financial Corp raised its stake in shares of 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 period. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in shares of MDC Partners during the second quarter valued at $136,000. Institutional investors and hedge funds own 86.27% of the company’s stock.

Shares of MDC Partners (NASDAQ MDCA) opened at 9.35 on Tuesday. MDC Partners has a 1-year low of $2.75 and a 1-year high of $14.27. The firm’s market cap is $532.40 million. The company’s 50-day moving average is $9.59 and its 200 day moving average is $8.62.

MDC Partners (NASDAQ:MDCA) last posted its quarterly earnings results on Monday, August 7th. The business services provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.02. The company had revenue of $390.53 million during the quarter, compared to analyst estimates of $368.74 million. MDC Partners had a negative return on equity of 3.65% and a negative net margin of 2.48%. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.02 earnings per share. On average, equities research analysts expect that MDC Partners will post $0.28 EPS for the current fiscal year.

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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.

Analyst Recommendations for MDC Partners (NASDAQ:MDCA)

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