MDC Partners Inc. (NASDAQ:MDCA) Rating Reiterated by BMO Capital Markets

BMO Capital Markets restated their buy rating on shares of MDC Partners Inc. (NASDAQ:MDCA) in a research note released on Wednesday, October 18th. BMO Capital Markets currently has a $15.00 target price on the business services provider’s stock.

Other research analysts have also recently issued reports about the stock. Royal Bank Of Canada restated a hold rating on shares of MDC Partners in a research report on Thursday, July 6th. Jefferies Group LLC restated a buy rating on shares of MDC Partners in a research report on Thursday, September 21st. BidaskClub upgraded shares of MDC Partners from a buy rating to a strong-buy rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research downgraded shares of MDC Partners from a buy rating to a hold rating in a research report on Wednesday, July 19th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of Hold and an average target price of $12.14.

Shares of MDC Partners (MDCA) traded down 6.09% on Wednesday, hitting $10.80. The stock had a trading volume of 758,276 shares. MDC Partners has a 12-month low of $2.75 and a 12-month high of $12.26. The firm’s market cap is $631.15 million. The stock has a 50 day moving average of $10.78 and a 200 day moving average of $9.64.

MDC Partners (NASDAQ:MDCA) last posted its quarterly earnings data 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). The company had revenue of $390.53 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the business earned $0.02 earnings per share. Equities analysts predict that MDC Partners will post $0.34 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently made changes to their positions in MDCA. Penn Capital Management Co. Inc. grew its stake in MDC Partners by 191.3% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 698,005 shares of the business services provider’s stock valued at $6,916,000 after buying an additional 458,350 shares during the last quarter. Redwood Capital Management LLC grew its stake in MDC Partners by 110.9% in the 2nd quarter. Redwood Capital Management LLC now owns 853,970 shares of the business services provider’s stock valued at $8,454,000 after buying an additional 449,030 shares during the last quarter. FMR LLC grew its stake 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. Kennedy Capital Management Inc. acquired a new position in MDC Partners in the 2nd quarter valued at $3,374,000. Finally, Teachers Advisors LLC grew its stake in MDC Partners by 17.8% in the 1st quarter. Teachers Advisors LLC now owns 2,185,734 shares of the business services provider’s stock valued at $20,546,000 after buying an additional 330,783 shares during the last quarter. Institutional investors own 83.69% of the company’s stock.

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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