Somewhat Favorable Media Coverage Somewhat Unlikely to Affect The Madison Square Garden (MSG) Share Price

News coverage about The Madison Square Garden (NYSE:MSG) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. The Madison Square Garden earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.7671415659841 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the news articles that may have impacted Accern Sentiment’s scoring:

The Madison Square Garden (NYSE:MSG) opened at 214.25 on Friday. The company’s market capitalization is $5.04 billion. The firm’s 50-day moving average price is $215.34 and its 200 day moving average price is $205.63. The Madison Square Garden has a 12-month low of $160.96 and a 12-month high of $226.95.

The Madison Square Garden (NYSE:MSG) last issued its quarterly earnings results on Thursday, August 17th. The company reported ($3.58) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.10) by ($2.48). The firm had revenue of $305.60 million for the quarter, compared to the consensus estimate of $279.19 million. The Madison Square Garden had a negative net margin of 5.52% and a negative return on equity of 2.43%. The business’s revenue was up 40.3% compared to the same quarter last year. During the same period last year, the company posted ($2.39) EPS. On average, analysts expect that The Madison Square Garden will post $0.59 earnings per share for the current year.

Several research analysts have recently issued reports on MSG shares. Zacks Investment Research lowered The Madison Square Garden from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Morgan Stanley restated an “overweight” rating and issued a $245.00 price target (up from $215.00) on shares of The Madison Square Garden in a research report on Tuesday, July 25th. Jefferies Group LLC raised their price target on The Madison Square Garden from $185.00 to $200.00 and gave the stock a “hold” rating in a research report on Friday, August 18th. Finally, BTIG Research restated a “buy” rating and issued a $260.00 price target (up from $240.00) on shares of The Madison Square Garden in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $211.50.

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The Madison Square Garden Company Profile

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.

Insider Buying and Selling by Quarter for The Madison Square Garden (NYSE:MSG)

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