MDC Partners Inc (MDCA) Given Average Rating of “Hold” by Brokerages

MDC Partners Inc (NASDAQ:MDCA) has been given an average rating of “Hold” by the seven brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $12.00.

A number of brokerages recently commented on MDCA. BidaskClub downgraded shares of MDC Partners from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 13th. Zacks Investment Research raised shares of MDC Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th. 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. Finally, Wells Fargo & Co reissued a “hold” rating and issued a $12.00 price objective on shares of MDC Partners in a research note on Tuesday, October 31st.

MDC Partners (NASDAQ:MDCA) opened at $9.05 on Tuesday. The company has a market cap of $531.08, a P/E ratio of 28.28, a P/E/G ratio of 2.49 and a beta of 1.46. MDC Partners has a 12 month low of $6.15 and a 12 month high of $12.26. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of -1.94.

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 analysts’ consensus estimates of $0.12 by $0.12. The company had revenue of $375.80 million during the quarter, compared to the consensus estimate of $372.08 million. MDC Partners had a net margin of 1.79% and a negative return on equity of 7.92%. MDC Partners’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.62) earnings per share. analysts forecast that MDC Partners will post 0.39 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp increased its position in shares of MDC Partners by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 318,533 shares of the business services provider’s stock worth $3,154,000 after purchasing an additional 1,296 shares in the last quarter. Voya Investment Management LLC increased its position in shares of MDC Partners by 18.0% during the second quarter. Voya Investment Management LLC now owns 25,906 shares of the business services provider’s stock worth $256,000 after purchasing an additional 3,957 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of MDC Partners by 10.5% during the second quarter. The Manufacturers Life Insurance Company now owns 44,061 shares of the business services provider’s stock worth $436,000 after purchasing an additional 4,169 shares in the last quarter. Stonebridge Capital Management Inc. increased its position in shares of MDC Partners by 53.5% during the fourth quarter. Stonebridge Capital Management Inc. now owns 17,225 shares of the business services provider’s stock worth $162,000 after purchasing an additional 6,000 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in shares of MDC Partners by 19.0% during the second quarter. California Public Employees Retirement System now owns 38,900 shares of the business services provider’s stock worth $385,000 after purchasing an additional 6,200 shares in the last quarter. 82.63% of the stock is currently owned by institutional investors and hedge funds.

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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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