MDC Partners (MDCA) Stock Rating Lowered by BidaskClub
MDC Partners (NASDAQ:MDCA) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.
A number of other research firms have also commented on MDCA. Jefferies Group reaffirmed a “buy” rating on shares of MDC Partners in a research note on Thursday, September 21st. Wells Fargo & Company reaffirmed a “hold” rating and issued a $12.00 price objective on shares of MDC Partners in a research note on Tuesday, October 31st. BMO Capital Markets reaffirmed a “buy” rating and issued a $15.00 price objective on shares of MDC Partners in a research note on Wednesday, October 18th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $12.00 target price on shares of MDC Partners in a research note on Wednesday, September 13th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $12.00.
MDC Partners (NASDAQ:MDCA) opened at $10.90 on Thursday. The company has a debt-to-equity ratio of -1.94, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market cap of $665.30, a P/E ratio of 20.73, a price-to-earnings-growth ratio of 4.52 and a beta of 1.44. MDC Partners has a 12-month low of $6.10 and a 12-month high of $12.26.
MDC Partners (NASDAQ:MDCA) last posted its quarterly earnings results on Monday, October 30th. The business services provider reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.12. The firm had revenue of $375.80 million for the quarter, compared to analyst estimates of $372.08 million. MDC Partners had a net margin of 1.79% and a negative return on equity of 7.92%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.62) earnings per share. equities analysts forecast that MDC Partners will post 0.42 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in the stock. Boston Partners raised its holdings in MDC Partners by 19.9% in the 3rd quarter. Boston Partners now owns 2,339,370 shares of the business services provider’s stock worth $25,733,000 after acquiring an additional 387,530 shares during the period. Teachers Advisors LLC raised its holdings 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 worth $21,722,000 after acquiring an additional 8,434 shares during the period. Schroder Investment Management Group raised its holdings in MDC Partners by 15.5% in the 3rd quarter. Schroder Investment Management Group now owns 1,736,989 shares of the business services provider’s stock worth $19,020,000 after acquiring an additional 232,653 shares during the period. Vanguard Group Inc. raised its holdings 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 worth $14,881,000 after acquiring an additional 105,949 shares during the period. Finally, Taylor Asset Management Inc. increased its holdings in shares of MDC Partners by 1.2% during the 2nd quarter. Taylor Asset Management Inc. now owns 1,331,965 shares of the business services provider’s stock worth $13,186,000 after purchasing an additional 16,304 shares during the period. 83.57% of the stock is owned by institutional investors and hedge funds.
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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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