Shares of Madison Square Garden Co (NYSE:MSG) have been given an average recommendation of “Buy” by the six ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $339.60.

A number of brokerages have recently issued reports on MSG. Imperial Capital lifted their price target on Madison Square Garden from $307.00 to $308.00 and gave the company an “outperform” rating in a research report on Wednesday, April 8th. Morgan Stanley dropped their target price on Madison Square Garden from $320.00 to $305.00 and set an “equal weight” rating for the company in a research report on Monday, April 13th.

Shares of MSG opened at $147.32 on Friday. The company has a market cap of $3.60 billion, a PE ratio of -143.03 and a beta of 0.87. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average price of $168.02 and a 200-day moving average price of $236.07. Madison Square Garden has a 12-month low of $182.47 and a 12-month high of $316.39.

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its position in Madison Square Garden by 2.1% in the first quarter. BlackRock Inc. now owns 1,119,092 shares of the company’s stock worth $236,587,000 after buying an additional 22,709 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Madison Square Garden by 19.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 344,271 shares of the company’s stock valued at $101,281,000 after purchasing an additional 57,087 shares during the last quarter. State Street Corp boosted its stake in shares of Madison Square Garden by 0.5% in the 4th quarter. State Street Corp now owns 245,527 shares of the company’s stock valued at $72,232,000 after purchasing an additional 1,317 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Madison Square Garden by 1,037.1% in the 4th quarter. UBS Asset Management Americas Inc. now owns 245,332 shares of the company’s stock valued at $72,174,000 after purchasing an additional 223,756 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Madison Square Garden in the 4th quarter valued at about $62,932,000. 71.11% of the stock is currently owned by institutional investors and hedge funds.

About Madison Square Garden

The Madison Square Garden Company, together with its subsidiaries, engages in live sports and entertainment businesses in the United States. The company operates in two segments, MSG Sports and MSG Entertainment. The MSG Sports segment owns and operates professional sports franchises; and promotes, produces, and/or presents an array of other live sporting events, including professional boxing, college basketball, college hockey, professional bull riding, mixed martial arts, esports, tennis, and college wrestling.

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Analyst Recommendations for Madison Square Garden (NYSE:MSG)

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