BMO Capital Markets reaffirmed their buy rating on shares of MDC Partners Inc. (NASDAQ:MDCA) in a report released on Wednesday. BMO Capital Markets currently has a $15.00 price objective on the business services provider’s stock.

Several other brokerages have also issued reports on MDCA. Royal Bank Of Canada reissued a sector perform rating and set a $12.00 target price (up from $10.00) on shares of MDC Partners in a research note on Tuesday, August 8th. BidaskClub raised shares of MDC Partners from a buy rating to a strong-buy rating in a research note on Wednesday, July 19th. Zacks Investment Research raised shares of MDC Partners from a hold rating to a buy rating and set a $12.00 target price on the stock in a research note on Tuesday, July 18th. Finally, Jefferies Group LLC increased their target price on shares of MDC Partners to $12.00 and gave the stock a buy rating in a research note on Monday, June 5th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. MDC Partners currently has an average rating of Hold and a consensus target price of $12.14.

Shares of MDC Partners (NASDAQ:MDCA) opened at 9.75 on Wednesday. The firm’s market capitalization is $569.79 million. The company’s 50 day moving average is $9.96 and its 200-day moving average is $9.21. MDC Partners has a one year low of $2.75 and a one year high of $11.83.

MDC Partners (NASDAQ:MDCA) last issued its earnings results on Monday, August 7th. The business services provider reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.02). The company had revenue of $390.53 million for the quarter, compared to the consensus estimate of $368.74 million. MDC Partners had a negative return on equity of 5.72% and a negative net margin of 1.70%. The firm’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.02 earnings per share. Equities analysts expect that MDC Partners will post $0.31 EPS for the current year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. acquired a new position in MDC Partners during the second quarter worth $101,000. Karp Capital Management Corp acquired a new position in MDC Partners during the first quarter worth $101,000. 1st Global Advisors Inc. acquired a new position in MDC Partners during the first quarter worth $119,000. Parkwood LLC acquired a new position in MDC Partners during the first quarter worth $126,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in MDC Partners during the second quarter worth $136,000. Hedge funds and other institutional investors own 83.69% of the company’s stock.

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.

Analyst Recommendations for MDC Partners (NASDAQ:MDCA)

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