MDC Partners Inc. (NASDAQ:MDCA) has received an average rating of “Hold” from the nine research firms that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $13.50.

A number of brokerages recently weighed in on MDCA. Jefferies Group LLC raised their price objective on MDC Partners to $12.00 and gave the company a “buy” rating in a research report on Monday, June 5th. Zacks Investment Research upgraded shares of MDC Partners from a “strong sell” rating to a “hold” rating in a report on Thursday, June 29th. Royal Bank Of Canada reiterated a “hold” rating on shares of MDC Partners in a report on Thursday, July 6th. BidaskClub raised shares of MDC Partners from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Finally, BMO Capital Markets reissued a “buy” rating and set a $15.00 price target on shares of MDC Partners in a research report on Wednesday, September 13th.

Shares of MDC Partners (NASDAQ MDCA) traded down 1.36% during trading on Wednesday, hitting $10.85. The stock had a trading volume of 330,796 shares. The company’s market cap is $633.93 million. MDC Partners has a 12 month low of $2.75 and a 12 month high of $11.43. The stock has a 50-day moving average price of $10.07 and a 200 day moving average price of $9.35.

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

Institutional investors have recently added to or reduced their stakes in the business. Nationwide Fund Advisors boosted its holdings in 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 acquiring an additional 1,093 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of MDC Partners by 8.5% during the first quarter. Bank of New York Mellon Corp now owns 317,237 shares of the business services provider’s stock valued at $2,983,000 after acquiring an additional 24,894 shares in the last quarter. Swiss National Bank increased its holdings in shares of MDC Partners by 12.4% during the first quarter. Swiss National Bank now owns 88,000 shares of the business services provider’s stock valued at $827,000 after acquiring an additional 9,700 shares in the last quarter. Karp Capital Management Corp acquired a new position in shares of MDC Partners during the first quarter valued at about $101,000. Finally, Stifel Financial Corp increased its holdings in shares of MDC Partners by 3.8% during 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. Institutional investors own 83.69% of the company’s stock.

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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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