MDC Partners Inc. (MDCA) Receives $13.50 Average Target Price from Analysts
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.
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