MDC Partners (MDCA) Cut to “Sell” at ValuEngine

ValuEngine cut shares of MDC Partners (NASDAQ:MDCA) from a hold rating to a sell rating in a research note issued to investors on Monday.

Several other research analysts have also recently issued reports on MDCA. BidaskClub upgraded shares of MDC Partners from a strong sell rating to a sell rating in a report on Friday, February 9th. Zacks Investment Research upgraded shares of MDC Partners from a hold rating to a buy rating and set a $11.00 price objective for the company in a report on Tuesday, January 2nd. Royal Bank of Canada set a $12.00 price objective on shares of MDC Partners and gave the company a hold rating in a report on Friday, February 23rd. BMO Capital Markets reiterated a buy rating on shares of MDC Partners in a report on Friday, February 23rd. Finally, Wells Fargo reiterated a hold rating on shares of MDC Partners in a report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $12.40.

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MDC Partners stock opened at $7.15 on Monday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of -3.59. The company has a market capitalization of $411.97, a PE ratio of 18.08, a P/E/G ratio of 1.94 and a beta of 1.29. MDC Partners has a 12-month low of $6.53 and a 12-month high of $12.26.

MDC Partners (NASDAQ:MDCA) last posted its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. The business had revenue of $402.70 million during the quarter, compared to analysts’ expectations of $408.70 million. MDC Partners had a net margin of 15.98% and a negative return on equity of 9.36%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period last year, the firm posted $0.17 earnings per share. sell-side analysts anticipate that MDC Partners will post 0.61 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Stonebridge Capital Management Inc. lifted its stake in MDC Partners by 53.5% during the fourth quarter. Stonebridge Capital Management Inc. now owns 17,225 shares of the business services provider’s stock valued at $162,000 after purchasing an additional 6,000 shares during the last quarter. Geode Capital Management LLC lifted its stake in MDC Partners by 4.5% during the fourth quarter. Geode Capital Management LLC now owns 160,979 shares of the business services provider’s stock valued at $1,569,000 after purchasing an additional 6,945 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in MDC Partners by 185.1% during the third quarter. Oppenheimer Asset Management Inc. now owns 10,873 shares of the business services provider’s stock valued at $120,000 after purchasing an additional 7,059 shares during the last quarter. Martingale Asset Management L P lifted its stake in MDC Partners by 29.7% during the fourth quarter. Martingale Asset Management L P now owns 33,361 shares of the business services provider’s stock valued at $326,000 after purchasing an additional 7,649 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in MDC Partners during the third quarter valued at approximately $112,000. 85.98% of the stock is owned by institutional investors and hedge funds.

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About MDC Partners

MDC Partners Inc provides marketing, advertising, activation, communications, and strategic consulting solutions worldwide. It offers a range of customized services, including global advertising and marketing services; media buying, planning, and optimization; interactive and mobile marketing; direct marketing; database and customer relationship management; sales promotion; corporate communications; market research; data analytics and insights; corporate identity, design, and branding services; social media communications; product and service innovation; e-commerce management; and technology services.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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