MDC Partners Inc. (MDCA) Earns “Buy” Rating from BMO Capital Markets

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

A number of other equities research analysts have also commented on MDCA. Royal Bank Of Canada restated a sector perform rating and set a $12.00 price target (up from $10.00) on shares of MDC Partners in a research report on Tuesday, August 8th. BidaskClub lowered MDC Partners from a strong-buy rating to a buy rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded MDC Partners from a strong sell rating to a hold rating in a research report on Thursday, June 29th. Finally, Jefferies Group LLC increased their price target on MDC Partners to $12.00 and gave the stock a buy rating in a research report on Monday, June 5th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $12.14.

Shares of MDC Partners (MDCA) traded up 3.72% on Wednesday, reaching $9.75. The company’s stock had a trading volume of 373,898 shares. MDC Partners has a 52 week low of $2.75 and a 52 week high of $11.83. The stock’s market capitalization is $569.79 million. The stock has a 50-day moving average of $9.96 and a 200 day moving average of $9.21.

MDC Partners (NASDAQ:MDCA) last released its quarterly earnings results on Monday, August 7th. The business services provider reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.02). The business 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% on a year-over-year basis. During the same quarter last year, the company earned $0.02 earnings per share. On average, analysts expect that MDC Partners will post $0.31 EPS for the current year.

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A number of institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC boosted its position in MDC Partners by 5.3% in the 1st quarter. FMR LLC now owns 8,291,115 shares of the business services provider’s stock valued at $77,936,000 after buying an additional 416,974 shares during the last quarter. Wells Fargo & Company MN boosted its position in MDC Partners by 0.7% in the 1st quarter. Wells Fargo & Company MN now owns 2,402,505 shares of the business services provider’s stock valued at $22,583,000 after buying an additional 17,452 shares during the last quarter. Teachers Advisors LLC boosted its position in MDC Partners by 0.4% in the 2nd quarter. Teachers Advisors LLC now owns 2,194,168 shares of the business services provider’s stock valued at $21,722,000 after buying an additional 8,434 shares during the last quarter. Schroder Investment Management Group boosted its position in MDC Partners by 3.3% in the 2nd quarter. Schroder Investment Management Group now owns 1,504,336 shares of the business services provider’s stock valued at $14,968,000 after buying an additional 48,053 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in MDC Partners by 7.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,503,063 shares of the business services provider’s stock valued at $14,881,000 after buying an additional 105,949 shares during the last quarter. Hedge funds and other institutional investors own 83.69% of the company’s stock.

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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