Latest Stocks: Brokerages Set Madison Square Garden Co (MSG) PT at $222.82

Latest Stocks: Brokerages Set Madison Square Garden Co (MSG) PT at $222.82

Madison Square Garden Co (NYSE:MSG) has received an average rating of “Hold” from the thirteen analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $195.43.

A number of research firms have weighed in on MSG. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $245.00 price objective on shares of Madison Square Garden in a research report on Thursday, April 20th. Zacks Investment Research downgraded Madison Square Garden from a “buy” rating to a “hold” rating in a research note on Thursday, February 9th. Jefferies Group LLC reissued a “hold” rating on shares of Madison Square Garden in a research note on Tuesday, March 21st. Macquarie reaffirmed a “hold” rating and issued a $182.00 price objective on shares of Madison Square Garden in a research note on Monday, February 6th. Finally, Citigroup Inc dropped their price objective on Madison Square Garden from $102.00 to $93.00 and set a “buy” rating for the company in a research note on Monday, May 8th.

Madison Square Garden (MSG) opened at 197.08 on Tuesday. The company has a 50-day moving average price of $198.90 and a 200 day moving average price of $186.07. Madison Square Garden has a 1-year low of $160.96 and a 1-year high of $206.60. The stock’s market capitalization is $4.64 billion. Madison Square Garden (NYSE:MSG) last released its quarterly earnings data on Thursday, May 4th. The company reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates of ($0.41) by $0.33. The business had revenue of $386 million during the quarter, compared to analysts’ expectations of $365.57 million. Madison Square Garden had a negative net margin of 4.62% and a negative return on equity of 2.78%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($2.47) EPS. On average, equities analysts predict that Madison Square Garden will post ($0.56) EPS for the current year.

Madison Square Garden (MSG) opened at 197.08 on Tuesday. The company has a 50-day moving average price of $198.90 and a 200 day moving average price of $186.07. Madison Square Garden has a 1-year low of $160.96 and a 1-year high of $206.60. The stock’s market capitalization is $4.64 billion. In other news, SVP Joseph F. Yospe sold 1,500 shares of the firm’s stock in a transaction on Friday, March 10th. The stock was sold at an average price of $204.17, for a total transaction of $306,255.00. Following the sale, the senior vice president now owns 7,433 shares in the company, valued at $1,517,595.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 18.64% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of MSG. First Allied Advisory Services Inc. boosted its position in shares of Madison Square Garden by 1.0% in the fourth quarter. First Allied Advisory Services Inc. now owns 1,353 shares of the company’s stock worth $232,000 after buying an additional 14 shares during the last quarter. Amalgamated Bank boosted its position in shares of Madison Square Garden by 0.5% in the first quarter. Amalgamated Bank now owns 2,796 shares of the company’s stock worth $558,000 after buying an additional 15 shares during the last quarter. Advisor Group Inc. boosted its position in shares of Madison Square Garden by 1.8% in the third quarter. Advisor Group Inc. now owns 1,226 shares of the company’s stock worth $208,000 after buying an additional 22 shares during the last quarter. US Bancorp DE boosted its position in shares of Madison Square Garden by 8.7% in the third quarter. US Bancorp DE now owns 837 shares of the company’s stock worth $142,000 after buying an additional 67 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of Madison Square Garden by 4.6% in the first quarter. State of Alaska Department of Revenue now owns 2,306 shares of the company’s stock worth $460,000 after buying an additional 102 shares during the last quarter. Hedge funds and other institutional investors own 86.31% of the company’s stock. Madison Square Garden Company Profile

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