MDC Partners’ (MDCA) “Buy” Rating Reaffirmed at BMO Capital Markets

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

Other equities analysts have also recently issued reports about the company. Jefferies Group LLC reiterated a buy rating on shares of MDC Partners in a report on Thursday, September 21st. BidaskClub cut MDC Partners from a strong-buy rating to a buy rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded MDC Partners from a hold rating to a buy rating and set a $12.00 target price on the stock in a report on Tuesday, July 18th. Finally, Royal Bank Of Canada restated a hold rating on shares of MDC Partners in a research note on Thursday, July 6th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $12.14.

MDC Partners (MDCA) traded down 0.43% during mid-day trading on Wednesday, hitting $11.70. 230,308 shares of the stock were exchanged. The company’s market capitalization is $683.75 million. MDC Partners has a 1-year low of $2.75 and a 1-year high of $11.95. The stock has a 50 day moving average price of $10.43 and a 200 day moving average price of $9.52.

MDC Partners (NASDAQ:MDCA) last issued its 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). MDC Partners had a negative return on equity of 5.72% and a negative net margin of 1.70%. The firm had revenue of $390.53 million during the quarter, compared to the consensus estimate of $368.74 million. During the same quarter in the prior year, the business earned $0.02 earnings per share. MDC Partners’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, equities analysts anticipate that MDC Partners will post $0.34 earnings per share for the current fiscal year.

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Several institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new stake in shares of MDC Partners during the 2nd quarter valued at $590,000. 1st Global Advisors Inc. increased its position in shares of MDC Partners by 52.4% during the 2nd quarter. 1st Global Advisors Inc. now owns 19,365 shares of the business services provider’s stock valued at $192,000 after purchasing an additional 6,655 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of MDC Partners by 10.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 44,061 shares of the business services provider’s stock valued at $436,000 after purchasing an additional 4,169 shares during the last quarter. State Street Corp increased its position in shares of MDC Partners by 7.3% during the 2nd quarter. State Street Corp now owns 1,000,383 shares of the business services provider’s stock valued at $9,904,000 after purchasing an additional 68,222 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in shares of MDC Partners by 54.9% during the 2nd quarter. HighTower Advisors LLC now owns 19,177 shares of the business services provider’s stock valued at $191,000 after purchasing an additional 6,800 shares during the last quarter. 83.69% of the stock is owned by hedge funds and other institutional investors.

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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