A number of firms have modified their ratings and price targets on shares of The Madison Square Garden (NYSE: MSG) recently:
- 7/25/2017 - The Madison Square Garden had its “buy” rating reaffirmed by analysts at BTIG Research. They now have a $260.00 price target on the stock, up previously from $240.00.
- 7/25/2017 - The Madison Square Garden had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $245.00 price target on the stock, up previously from $215.00.
- 7/18/2017 - The Madison Square Garden was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “The Madison Square Garden Company is involved in the sports, entertainment and media industries. The company’s business segment consists of MSG Sports, MSG Media and MSG Entertainment. MSG Sports is involved in live sporting events. MSG Sports owns and operates sports franchises include the New York Knicks, the New York Rangers, the New York Liberty, the Westchester Knicks and the Hartford Wolf Pack. MSG Media is involved in production and content development for multiple distribution platforms. MSG Entertainment creates, produces and presents live productions, hosts live entertainment events. The Madison Square Garden Company is based in New York, United States. “
- 7/15/2017 - The Madison Square Garden was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $224.00 price target on the stock. According to Zacks, “The Madison Square Garden Company is involved in the sports, entertainment and media industries. The company’s business segment consists of MSG Sports, MSG Media and MSG Entertainment. MSG Sports is involved in live sporting events. MSG Sports owns and operates sports franchises include the New York Knicks, the New York Rangers, the New York Liberty, the Westchester Knicks and the Hartford Wolf Pack. MSG Media is involved in production and content development for multiple distribution platforms. MSG Entertainment creates, produces and presents live productions, hosts live entertainment events. The Madison Square Garden Company is based in New York, United States. “
- 7/5/2017 - The Madison Square Garden was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “The Madison Square Garden Company is involved in the sports, entertainment and media industries. The company’s business segment consists of MSG Sports, MSG Media and MSG Entertainment. MSG Sports is involved in live sporting events. MSG Sports owns and operates sports franchises include the New York Knicks, the New York Rangers, the New York Liberty, the Westchester Knicks and the Hartford Wolf Pack. MSG Media is involved in production and content development for multiple distribution platforms. MSG Entertainment creates, produces and presents live productions, hosts live entertainment events. The Madison Square Garden Company is based in New York, United States. “
- 6/2/2017 - The Madison Square Garden was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
The Madison Square Garden Company (NYSE MSG) opened at 215.29 on Wednesday. The company has a 50-day moving average price of $197.72 and a 200-day moving average price of $191.77. The firm’s market cap is $5.07 billion. The Madison Square Garden Company has a 1-year low of $160.96 and a 1-year high of $217.80.
The Madison Square Garden (NYSE:MSG) last released its quarterly earnings data on Thursday, May 4th. The company reported ($0.74) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.41) by $0.33. The company had revenue of $386 million for the quarter, compared to analysts’ expectations of $365.57 million. The Madison Square Garden had a negative net margin of 3.81% and a negative return on equity of 1.57%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($2.47) EPS. On average, equities research analysts forecast that The Madison Square Garden Company will post ($0.72) EPS for the current fiscal year.
The Madison Square Garden Company is a holding company, which is engaged in live experiences consisting of celebrated venues, sports teams, and entertainment productions. The Company operates in two segments, which include MSG Entertainment and MSG Sports. The MSG Sports segment includes the Company’s professional sports franchises, which include the New York Knicks (the Knicks) of the National Basketball Association (the NBA), the New York Rangers (the Rangers) of the National Hockey League (the NHL), the New York Liberty (the Liberty) of the Women’s National Basketball Association (the WNBA), the Hartford Wolf Pack of the American Hockey League (the AHL), which is the primary player development team for the Rangers, and the Westchester Knicks, an NBA Development League team.
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