Analysts Offer Insights on Services Companies: MDC Partners (NASDAQ: MDCA) and Grand Canyon Education (NASDAQ: LOPE)

By Ryan Adsit

There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on MDC Partners (NASDAQ: MDCA) and Grand Canyon Education (NASDAQ: LOPE) with bullish sentiments.

MDC Partners (NASDAQ: MDCA)

In a report released yesterday, Daniel Salmon from BMO Capital reiterated a Buy rating on MDC Partners (NASDAQ: MDCA), with a price target of $13. The company’s shares closed yesterday at $8.85.

According to TipRanks.com, Salmon is a 4-star analyst with an average return of 6.9% and a 74.0% success rate. Salmon covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Alliance Data Systems, and Publicis Groupe SA.

Currently, the analyst consensus on MDC Partners is Moderate Buy and the average price target is $10.67, representing a 20.6% upside.

In a report released yesterday, Jefferies also upgraded the stock to Buy with a $12 price target.
Grand Canyon Education (NASDAQ: LOPE)

In a report released yesterday, Jeffrey Silber from BMO Capital reiterated a Buy rating on Grand Canyon Education (NASDAQ: LOPE), with a price target of $65. The company’s shares closed yesterday at $57.53, close to its 52-week high of $61.80.

According to TipRanks.com, Silber is a top 100 analyst with an average return of 16.2% and a 72.9% success rate. Silber covers the Services sector, focusing on stocks such as Apollo Education Group Inc, American Public Education, and Capella Education Company.

Currently, the analyst consensus on Grand Canyon Education is Moderate Buy and the average price target is $67, representing a 16.5% upside.

In a report released today, Piper Jaffray also reiterated a Buy rating on the stock with a $69 price target.

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