Royal Bank of Canada set a $6.00 price target on MDC Partners (NASDAQ:MDCA) in a report released on Friday morning. The brokerage currently has a hold rating on the business services provider’s stock. The analysts noted that the move was a valuation call.
A number of other analysts have also commented on MDCA. Zacks Investment Research raised shares of MDC Partners from a sell rating to a hold rating in a research note on Wednesday, January 24th. BidaskClub raised shares of MDC Partners from a strong sell rating to a sell rating in a research note on Friday, February 9th. Wells Fargo reaffirmed a hold rating on shares of MDC Partners in a research note on Friday, February 23rd. BMO Capital Markets reaffirmed a buy rating on shares of MDC Partners in a research note on Friday, February 23rd. Finally, ValuEngine lowered shares of MDC Partners from a hold rating to a sell rating in a research note on Monday, April 2nd. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. MDC Partners has a consensus rating of Hold and an average target price of $10.85.
MDCA stock opened at $4.50 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.74 and a debt-to-equity ratio of -3.37. MDC Partners has a one year low of $3.80 and a one year high of $12.26. The stock has a market cap of $269.15 million, a price-to-earnings ratio of 7.38, a PEG ratio of 1.92 and a beta of 1.27.
MDC Partners (NASDAQ:MDCA) last posted its quarterly earnings data on Wednesday, May 9th. The business services provider reported ($0.56) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.44). MDC Partners had a net margin of 14.91% and a negative return on equity of 6.92%. The firm had revenue of $327.00 million for the quarter, compared to analysts’ expectations of $352.73 million. During the same period in the prior year, the company posted ($0.21) earnings per share. MDC Partners’s quarterly revenue was down 5.1% compared to the same quarter last year. sell-side analysts predict that MDC Partners will post 0.39 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Virtu Financial LLC purchased a new stake in shares of MDC Partners in the fourth quarter worth approximately $109,000. CAPROCK Group Inc. purchased a new stake in shares of MDC Partners in the fourth quarter worth approximately $135,000. Capital Fund Management S.A. purchased a new stake in shares of MDC Partners in the fourth quarter worth approximately $161,000. Stonebridge Capital Management Inc. lifted its position in shares of MDC Partners by 53.5% in the fourth quarter. Stonebridge Capital Management Inc. now owns 17,225 shares of the business services provider’s stock worth $162,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its position in shares of MDC Partners by 99.3% in the first quarter. Cubist Systematic Strategies LLC now owns 25,625 shares of the business services provider’s stock worth $185,000 after purchasing an additional 12,766 shares in the last quarter. 85.61% of the stock is owned by institutional investors and hedge funds.
MDC Partners Company Profile
MDC Partners Inc provides marketing, advertising, activation, communications, and strategic consulting solutions worldwide. It offers a range of customized services, including global advertising and marketing services; media buying, planning, and optimization; interactive and mobile marketing; direct marketing; database and customer relationship management; sales promotion; corporate communications; market research; data analytics and insights; corporate identity, design, and branding services; social media communications; product and service innovation; e-commerce management; and technology services.
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