Shares of The Madison Square Garden Company (NYSE:MSG) have been given a consensus recommendation of “Hold” by the thirteen brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $209.71.

Several analysts recently commented on the company. BTIG Research set a $260.00 target price on The Madison Square Garden and gave the stock a “buy” rating in a report on Monday. Morgan Stanley reaffirmed an “overweight” rating and set a $245.00 target price (up from $215.00) on shares of The Madison Square Garden in a report on Tuesday, July 25th. Jefferies Group LLC raised their target price on The Madison Square Garden from $185.00 to $200.00 and gave the stock a “hold” rating in a report on Friday, August 18th. Citigroup Inc. dropped their target price on The Madison Square Garden from $102.00 to $93.00 and set a “buy” rating on the stock in a report on Monday, May 15th. Finally, Zacks Investment Research lowered The Madison Square Garden from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 18th.

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Shares of The Madison Square Garden (MSG) traded up 1.89% on Wednesday, hitting $224.17. The company had a trading volume of 161,169 shares. The Madison Square Garden has a 52 week low of $160.96 and a 52 week high of $226.95. The company’s market capitalization is $5.28 billion. The stock’s 50-day moving average is $215.64 and its 200 day moving average is $201.38.

The Madison Square Garden (NYSE:MSG) last posted its earnings results on Thursday, August 17th. The company reported ($3.58) EPS for the quarter, missing the consensus estimate of ($1.10) by $2.48. The company had revenue of $305.60 million for the quarter, compared to analyst estimates of $279.19 million. The Madison Square Garden had a negative return on equity of 2.43% and a negative net margin of 5.52%. The firm’s revenue was up 40.3% on a year-over-year basis. During the same period last year, the business earned ($2.39) earnings per share. Equities analysts expect that The Madison Square Garden will post $0.71 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in The Madison Square Garden by 3.7% in the first quarter. Vanguard Group Inc. now owns 1,441,299 shares of the company’s stock valued at $287,842,000 after purchasing an additional 51,261 shares during the period. BlackRock Inc. lifted its position in shares of The Madison Square Garden by 13,915.4% in the first quarter. BlackRock Inc. now owns 767,202 shares of the company’s stock valued at $153,216,000 after acquiring an additional 761,728 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of The Madison Square Garden by 10.7% in the first quarter. Dimensional Fund Advisors LP now owns 481,679 shares of the company’s stock valued at $96,196,000 after acquiring an additional 46,665 shares in the last quarter. Gluskin Sheff & Assoc Inc. lifted its position in shares of The Madison Square Garden by 5.8% in the second quarter. Gluskin Sheff & Assoc Inc. now owns 397,128 shares of the company’s stock valued at $78,195,000 after acquiring an additional 21,857 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new position in shares of The Madison Square Garden in the second quarter valued at approximately $75,632,000. 87.77% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for The Madison Square Garden (NYSE:MSG)

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