MDC Partners Inc (MDCA) Given “Buy” Rating at Jefferies Group LLC
MDC Partners Inc (NASDAQ:MDCA)‘s stock had its “buy” rating reiterated by analysts at Jefferies Group LLC in a note issued to investors on Thursday.
A number of other equities research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of MDC Partners from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. BidaskClub upgraded shares of MDC Partners from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. Royal Bank Of Canada restated a “hold” rating on shares of MDC Partners in a report on Thursday, July 6th. Finally, BMO Capital Markets restated a “buy” rating and issued a $15.00 price objective on shares of MDC Partners in a report on Wednesday, September 13th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $12.14.
Shares of MDC Partners (MDCA) traded up 1.00% during trading on Thursday, reaching $10.15. 253,857 shares of the company traded hands. MDC Partners has a 12-month low of $2.75 and a 12-month high of $11.80. The firm’s 50 day moving average is $9.96 and its 200-day moving average is $9.23. The stock’s market capitalization is $593.17 million.
MDC Partners (NASDAQ:MDCA) last announced its quarterly earnings data on Monday, August 7th. The business services provider reported $0.14 earnings per share 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 analyst estimates of $368.74 million. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.02 EPS. On average, equities research analysts anticipate that MDC Partners will post $0.31 earnings per share for the current fiscal year.
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Large investors have recently bought and sold shares of the company. Principal Financial Group Inc. purchased a new stake in shares of MDC Partners during the second quarter valued at approximately $101,000. Karp Capital Management Corp purchased a new stake in shares of MDC Partners during the first quarter valued at approximately $101,000. 1st Global Advisors Inc. purchased a new stake in shares of MDC Partners during the first quarter valued at approximately $119,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of MDC Partners during the second quarter valued at approximately $136,000. Finally, Stifel Financial Corp grew its holdings in shares of MDC Partners by 3.8% during 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. 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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