MDC Partners Inc. (NASDAQ:MDCA) Given Sector Perform Rating at Royal Bank Of Canada

Royal Bank Of Canada restated their sector perform rating on shares of MDC Partners Inc. (NASDAQ:MDCA) in a report published on Tuesday. They currently have a $12.00 price target on the business services provider’s stock, up from their previous price target of $10.00.

MDCA has been the topic of a number of other research reports. BidaskClub lowered shares of MDC Partners from a strong-buy rating to a buy rating in a report on Thursday, August 3rd. Zacks Investment Research lowered shares of MDC Partners from a hold rating to a strong sell rating in a report on Wednesday, May 3rd. Wells Fargo & Company reissued a hold rating on shares of MDC Partners in a report on Friday, April 28th. Jefferies Group LLC raised their price target on shares of MDC Partners to $12.00 and gave the stock a buy rating in a report on Monday, June 5th. Finally, BMO Capital Markets reissued a buy rating and issued a $15.00 price target on shares of MDC Partners in a report on Monday, April 17th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $12.14.

Shares of MDC Partners (MDCA) remained flat at $10.70 during trading on Tuesday. The company’s stock had a trading volume of 530,531 shares. MDC Partners has a one year low of $2.75 and a one year high of $13.97. The firm has a 50 day moving average of $9.98 and a 200 day moving average of $8.78. The stock’s market capitalization is $592.05 million.

MDC Partners (NASDAQ:MDCA) last announced its quarterly earnings results on Monday, August 7th. The business services provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 5.66% and a negative net margin of 1.70%. MDC Partners’s revenue was up 15.9% on a year-over-year basis. During the same period last year, the business earned $0.02 EPS. On average, equities research analysts forecast that MDC Partners will post $0.28 EPS for the current year.

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Several large investors have recently bought and sold shares of the company. 1st Global Advisors Inc. bought a new stake in MDC Partners during the first quarter valued at approximately $119,000. Parkwood LLC bought a new stake in MDC Partners during the first quarter valued at approximately $126,000. Karp Capital Management Corp bought a new stake in MDC Partners during the first quarter valued at approximately $101,000. Swiss National Bank boosted its stake in MDC Partners by 12.4% in the first quarter. Swiss National Bank now owns 88,000 shares of the business services provider’s stock valued at $827,000 after buying an additional 9,700 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in MDC Partners by 8.5% in the first quarter. Bank of New York Mellon Corp now owns 317,237 shares of the business services provider’s stock valued at $2,983,000 after buying an additional 24,894 shares in the last quarter. 86.27% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for MDC Partners (NASDAQ:MDCA)

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