MDC Partners Inc. (MDCA) Receives Consensus Rating of “Hold” from Analysts
Shares of MDC Partners Inc. (NASDAQ:MDCA) have received an average recommendation of “Hold” from the nine analysts that are currently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $13.20.
A number of equities research analysts have recently issued reports on the company. Royal Bank Of Canada reiterated a “hold” rating on shares of MDC Partners in a research note on Thursday, July 6th. Jefferies Group LLC increased their target price on MDC Partners to $12.00 and gave the company a “buy” rating in a research note on Monday, June 5th. BidaskClub upgraded MDC Partners from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. Finally, Zacks Investment Research lowered MDC Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th.
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MDC Partners (NASDAQ MDCA) opened at 9.75 on Friday. MDC Partners has a 52 week low of $2.75 and a 52 week high of $12.80. The stock’s market cap is $569.79 million. The stock has a 50 day moving average price of $10.17 and a 200 day moving average price of $9.15.
MDC Partners (NASDAQ:MDCA) last announced its quarterly earnings results on Monday, August 7th. The business services provider reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.02. MDC Partners had a negative return on equity of 5.72% and a negative net margin of 1.70%. The firm had revenue of $390.53 million for the quarter, compared to analyst estimates of $368.74 million. During the same quarter in the prior year, the company earned $0.02 earnings per share. The business’s revenue was up 15.9% compared to the same quarter last year. On average, equities analysts predict that MDC Partners will post $0.31 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC acquired a new position in shares of MDC Partners during the fourth quarter worth approximately $276,000. Nationwide Fund Advisors increased its position in shares of MDC Partners by 3.5% in the first quarter. Nationwide Fund Advisors now owns 32,684 shares of the business services provider’s stock worth $307,000 after buying an additional 1,093 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of MDC Partners by 0.7% in the first quarter. Wells Fargo & Company MN now owns 2,402,505 shares of the business services provider’s stock worth $22,583,000 after buying an additional 17,452 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of MDC Partners by 8.5% in the first quarter. Bank of New York Mellon Corp now owns 317,237 shares of the business services provider’s stock worth $2,983,000 after buying an additional 24,894 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of MDC Partners by 12.4% in the first quarter. Swiss National Bank now owns 88,000 shares of the business services provider’s stock worth $827,000 after buying an additional 9,700 shares in the last quarter. 83.68% of the stock is owned by hedge funds and other institutional investors.
About MDC Partners
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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