MDC Partners’ (MDCA) Hold Rating Reaffirmed at Royal Bank Of Canada
Royal Bank Of Canada reaffirmed their hold rating on shares of MDC Partners Inc. (NASDAQ:MDCA) in a research report sent to investors on Wednesday morning. The brokerage currently has a $12.00 target price on the business services provider’s stock.
Several other equities analysts have also issued reports on MDCA. Zacks Investment Research lowered MDC Partners from a buy rating to a hold rating in a research note on Wednesday, July 19th. BidaskClub upgraded MDC Partners from a buy rating to a strong-buy rating in a research note on Wednesday, July 19th. Jefferies Group LLC lifted their target price on MDC Partners to $12.00 and gave the company a buy rating in a research note on Monday, June 5th. Finally, BMO Capital Markets reiterated a buy rating and issued a $15.00 target price on shares of MDC Partners in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. MDC Partners currently has a consensus rating of Hold and a consensus target price of $12.14.
Shares of MDC Partners (NASDAQ MDCA) traded down 2.11% during mid-day trading on Wednesday, reaching $9.30. 51,322 shares of the company traded hands. The firm has a 50 day moving average of $10.02 and a 200-day moving average of $9.20. MDC Partners has a 52 week low of $2.75 and a 52 week high of $12.40. The stock’s market capitalization is $543.49 million.
MDC Partners (NASDAQ:MDCA) last released its quarterly earnings data on Monday, August 7th. The business services provider reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). The firm 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 business’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.02 earnings per share. On average, equities research analysts expect that MDC Partners will post $0.31 EPS for the current fiscal year.
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A number of institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC grew its stake in MDC Partners by 5.3% in the first quarter. FMR LLC now owns 8,291,115 shares of the business services provider’s stock valued at $77,936,000 after purchasing an additional 416,974 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of MDC Partners by 0.7% during the first quarter. Wells Fargo & Company MN now owns 2,402,505 shares of the business services provider’s stock worth $22,583,000 after acquiring an additional 17,452 shares during the last quarter. Teachers Advisors LLC grew its stake in shares of MDC Partners by 0.4% during the second quarter. Teachers Advisors LLC now owns 2,194,168 shares of the business services provider’s stock worth $21,722,000 after acquiring an additional 8,434 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of MDC Partners by 3.3% during the second quarter. Schroder Investment Management Group now owns 1,504,336 shares of the business services provider’s stock worth $14,968,000 after acquiring an additional 48,053 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of MDC Partners by 7.6% during the second quarter. Vanguard Group Inc. now owns 1,503,063 shares of the business services provider’s stock worth $14,881,000 after acquiring an additional 105,949 shares during the last quarter. 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.
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