MDC Partners Inc. (MDCA) Hits New 1-Year High at $11.60
MDC Partners Inc. (NASDAQ:MDCA)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $11.60 and last traded at $11.60, with a volume of 276,834 shares trading hands. The stock had previously closed at $11.30.
Several equities analysts have weighed in on MDCA shares. Zacks Investment Research downgraded shares of MDC Partners from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. BidaskClub upgraded shares of MDC Partners from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. Royal Bank Of Canada restated a “hold” rating and set a $12.00 target price on shares of MDC Partners in a report on Wednesday, September 13th. BMO Capital Markets restated a “buy” rating and set a $15.00 target price on shares of MDC Partners in a report on Wednesday, September 13th. Finally, Jefferies Group LLC restated a “buy” rating on shares of MDC Partners in a report on Thursday, September 21st. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. MDC Partners has an average rating of “Hold” and an average target price of $12.14.
The firm’s 50-day moving average is $10.43 and its 200-day moving average is $9.52. The firm’s market capitalization is $686.67 million.
MDC Partners (NASDAQ:MDCA) last issued its quarterly earnings results on Monday, August 7th. The business services provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). MDC Partners had a negative return on equity of 5.72% and a negative net margin of 1.70%. The business had revenue of $390.53 million during the quarter, compared to the consensus estimate of $368.74 million. During the same quarter last year, the firm posted $0.02 earnings per share. MDC Partners’s revenue was up 15.9% compared to the same quarter last year. Analysts anticipate that MDC Partners Inc. will post $0.35 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the business. Karp Capital Management Corp bought a new stake in MDC Partners in the first quarter worth about $101,000. Principal Financial Group Inc. acquired a new stake in MDC Partners during the 2nd quarter worth about $101,000. Stifel Financial Corp raised its holdings in MDC Partners by 3.8% during the 1st quarter. Stifel Financial Corp now owns 13,895 shares of the business services provider’s stock worth $131,000 after buying an additional 515 shares during the period. Emerald Mutual Fund Advisers Trust acquired a new stake in MDC Partners during the 2nd quarter worth about $136,000. Finally, Legal & General Group Plc raised its holdings in MDC Partners by 0.9% during the 1st quarter. Legal & General Group Plc now owns 14,767 shares of the business services provider’s stock worth $139,000 after buying an additional 127 shares during the period. Hedge funds and other institutional investors own 83.69% of the company’s stock.
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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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