MDC Partners Inc. (NASDAQ:MDCA)‘s stock had its “hold” rating reiterated by equities research analysts at Wells Fargo & Company in a research report issued to clients and investors on Tuesday. They presently have a $12.00 target price on the business services provider’s stock. Wells Fargo & Company’s price target suggests a potential upside of 8.11% from the company’s current price.

The analysts wrote, “We believe MDC remains committed to delivering and note that mgmt. reiterated expectations to pay down DAC by $70MM-$80MM in FY’18. USD 2016A 2017E 2018E EPS Curr. Prior Curr. Prior Q1 (Mar.) ($0.47) ($0.21) A NC $0.04 NC Q2 (June) 0.02 0.14 A NC 0.09 0.12 Q3 (Sep.) (0.62) 0.24 A 0.10 0.17 0.20 Q4 (Dec.) 0.15 0.21 0.24 0.37 0.36 FY ($0.92) $0.37 0.27 $0.68 0.71 CY ($0.92) $0.37 $0.68 FY P/EPS NM 30.1x 16.4x Rev.(MM) $1,386 $1,519 $1,592 Source: Company Data, Wells Fargo Securities, LLC estimates, and Reuters NA = Not Available, NC = No Change, NE = No Estimate, NM = Not Meaningful V = Volatile, = Company is on the Priority Stock List Ticker MDCA Price Target/Prior: $12.00/$11.00 Price (10/30/2017) $11.15 52-Week Range: $2-13 Shares Outstanding: (MM) 57.9 Market Cap.: (MM) $645.6 S&P 500: 2,367.34 Avg. Daily Vol.: 373,822 Dividend/Yield: $0.00/0.0% LT Debt: (MM) $930.9 LT Debt/Total Cap.: NM ROE: NM 3-5 Yr. Est.””

Several other brokerages also recently commented on MDCA. BMO Capital Markets reissued a “buy” rating and issued a $15.00 price objective on shares of MDC Partners in a research note on Wednesday, October 18th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $12.00 price objective (up from $10.00) on shares of MDC Partners in a research note on Tuesday, August 8th. BidaskClub raised MDC Partners from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised MDC Partners from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Tuesday, July 18th. Finally, Jefferies Group LLC reissued a “buy” rating on shares of MDC Partners in a research note on Thursday, September 21st. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $12.13.

MDC Partners (MDCA) opened at 11.15 on Tuesday. The firm has a 50-day moving average price of $10.83 and a 200-day moving average price of $9.68. The company’s market capitalization is $651.61 million. MDC Partners has a 1-year low of $2.75 and a 1-year high of $12.26.

MDC Partners (NASDAQ:MDCA) last issued its quarterly earnings data on Monday, October 30th. The business services provider reported $0.24 EPS for the quarter, topping the consensus estimate of $0.12 by $0.12. The firm had revenue of $375.80 million during the quarter, compared to the consensus estimate of $372.08 million. MDC Partners had a negative return on equity of 5.72% and a negative net margin of 1.70%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.62) earnings per share. On average, analysts forecast that MDC Partners will post $0.34 EPS for the current fiscal year.

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Hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of MDC Partners by 24.7% in the first quarter. Geode Capital Management LLC now owns 119,017 shares of the business services provider’s stock valued at $1,118,000 after acquiring an additional 23,545 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of MDC Partners by 4.8% in the first quarter. Vanguard Group Inc. now owns 1,397,114 shares of the business services provider’s stock valued at $13,133,000 after acquiring an additional 63,952 shares in the last quarter. Stifel Financial Corp grew its holdings 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 acquiring an additional 515 shares in the last quarter. Taylor Asset Management Inc. grew its holdings in shares of MDC Partners by 1.2% in the second quarter. Taylor Asset Management Inc. now owns 1,331,965 shares of the business services provider’s stock valued at $13,186,000 after acquiring an additional 16,304 shares in the last quarter. Finally, American Century Companies Inc. bought a new position in shares of MDC Partners in the second quarter valued at approximately $1,199,000. 83.72% of the stock is owned by institutional investors.

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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