MDC Partners Inc. (MDCA) Given Consensus Rating of “Hold” by Analysts
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.
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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