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The Madison Square Garden (NYSE:MSG) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Wednesday. The firm currently has a $61.80 target price on the stock. Zacks‘s price objective indicates a potential upside of 1.71% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley raised their price target on shares of The Madison Square Garden from $62.00 to $65.00 in a research note on Wednesday. They now have an “overweight” rating on the stock. Finally, analysts at Macquarie cut their price target on shares of The Madison Square Garden from $67.00 to $61.00 in a research note on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The Madison Square Garden currently has a consensus rating of “Buy” and a consensus target price of $68.20.

Shares of The Madison Square Garden (NYSE:MSG) traded up 1.94% on Wednesday, hitting $61.94. The stock had a trading volume of 525,533 shares. The Madison Square Garden has a one year low of $48.16 and a one year high of $62.84. The stock’s 50-day moving average is $58.85 and its 200-day moving average is $56.72. The company has a market cap of $4.780 billion and a price-to-earnings ratio of 33.94.

The Madison Square Garden (NYSE:MSG) last released its earnings data on Friday, May 2nd. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.17. The company had revenue of $459.00 million for the quarter, compared to the consensus estimate of $436.60 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. Analysts expect that The Madison Square Garden will post $1.64 EPS for the current fiscal year.

The Madison Square Garden Company, is a holding company conducting its operations through direct and indirect subsidiaries.

To view Zacks’ full report, visit Zacks’ official website.

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