Brokerages Set Madison Square Garden Co (NYSE:MSG) PT at $339.60
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.
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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