MDC Partners Inc. (NASDAQ:MDCA)‘s stock had its “buy” rating restated by research analysts at BMO Capital Markets in a research note issued to investors on Wednesday. They currently have a $15.00 target price on the business services provider’s stock. BMO Capital Markets’ price target would indicate a potential upside of 27.66% from the stock’s current price.

Several other research firms have also issued reports on MDCA. Zacks Investment Research raised shares of MDC Partners from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Tuesday, July 18th. Jefferies Group LLC reissued a “buy” rating on shares of MDC Partners in a research report on Thursday, September 21st. Royal Bank Of Canada reissued a “hold” rating and issued a $12.00 price target on shares of MDC Partners in a research report on Wednesday, September 13th. Finally, BidaskClub raised shares of MDC Partners from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $12.14.

MDC Partners (NASDAQ:MDCA) opened at 11.75 on Wednesday. The firm’s market cap is $686.67 million. MDC Partners has a 12 month low of $2.75 and a 12 month high of $11.75. The firm’s 50 day moving average is $10.30 and its 200-day moving average is $9.48.

MDC Partners (NASDAQ:MDCA) last posted its quarterly earnings results on Monday, August 7th. The business services provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). MDC Partners had a negative net margin of 1.70% and a negative return on equity of 5.72%. The business had revenue of $390.53 million during the quarter, compared to the consensus estimate of $368.74 million. During the same period last year, the firm earned $0.02 EPS. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, equities analysts forecast that MDC Partners will post $0.35 EPS for the current year.

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A number of institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc increased its holdings in MDC Partners by 0.9% during the 1st quarter. Legal & General Group Plc now owns 14,767 shares of the business services provider’s stock worth $139,000 after acquiring an additional 127 shares during the period. Stifel Financial Corp increased its holdings in MDC Partners by 3.8% during the 1st quarter. Stifel Financial Corp now owns 13,895 shares of the business services provider’s stock worth $131,000 after acquiring an additional 515 shares during the period. Nationwide Fund Advisors increased its holdings in MDC Partners by 3.5% during the 1st quarter. Nationwide Fund Advisors now owns 32,684 shares of the business services provider’s stock worth $307,000 after acquiring an additional 1,093 shares during the period. Bank of New York Mellon Corp increased its holdings in MDC Partners by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 318,533 shares of the business services provider’s stock worth $3,154,000 after acquiring an additional 1,296 shares during the period. Finally, Oppenheimer & Co. Inc. increased its holdings in MDC Partners by 7.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 20,480 shares of the business services provider’s stock worth $203,000 after acquiring an additional 1,340 shares during the period. 83.69% of the stock is currently owned by institutional investors and hedge funds.

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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