Shares of The Madison Square Garden Company (NYSE:MSG) have been assigned a consensus recommendation of “Buy” from the twelve research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $217.00.

MSG has been the subject of a number of analyst reports. BTIG Research set a $260.00 price target on The Madison Square Garden and gave the stock a “buy” rating in a research report on Monday, September 11th. Zacks Investment Research lowered The Madison Square Garden from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Loop Capital boosted their price target on The Madison Square Garden from $266.00 to $268.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $200.00 price target on shares of The Madison Square Garden in a research report on Tuesday, October 24th.

Shares of The Madison Square Garden (NYSE MSG) traded up $0.83 during mid-day trading on Monday, reaching $214.98. The company’s stock had a trading volume of 115,326 shares, compared to its average volume of 261,139. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.04. The Madison Square Garden has a one year low of $166.86 and a one year high of $231.44.

The Madison Square Garden (NYSE:MSG) last announced its quarterly earnings results on Friday, November 3rd. The company reported ($0.47) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.65) by $0.18. The Madison Square Garden had a negative return on equity of 1.75% and a negative net margin of 4.00%. The company had revenue of $245.04 million during the quarter, compared to analyst estimates of $237.06 million. During the same quarter in the previous year, the firm posted ($1.19) EPS. The firm’s quarterly revenue was up 34.9% on a year-over-year basis. equities analysts expect that The Madison Square Garden will post 0.66 EPS for the current year.

Several institutional investors have recently made changes to their positions in MSG. Principal Financial Group Inc. acquired a new stake in shares of The Madison Square Garden in the first quarter valued at $576,000. Legal & General Group Plc lifted its holdings in shares of The Madison Square Garden by 182.1% in the first quarter. Legal & General Group Plc now owns 6,581 shares of the company’s stock valued at $1,314,000 after buying an additional 4,248 shares during the period. BlackRock Inc. lifted its holdings 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 buying an additional 761,728 shares during the period. State Street Corp lifted its holdings in shares of The Madison Square Garden by 2.0% in the first quarter. State Street Corp now owns 246,540 shares of the company’s stock valued at $49,243,000 after buying an additional 4,931 shares during the period. Finally, Credit Suisse AG lifted its holdings in shares of The Madison Square Garden by 10.6% in the first quarter. Credit Suisse AG now owns 14,940 shares of the company’s stock valued at $2,984,000 after buying an additional 1,437 shares during the period. Institutional investors and hedge funds own 68.49% of the company’s stock.

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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.

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

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