The Madison Square Garden Given Consensus Recommendation of “Hold” by Analysts (NYSE:MSG)
Shares of The Madison Square Garden (NYSE:MSG) have earned an average recommendation of “Hold” from the ten brokerages that are presently covering the stock, AnalystRatingsNetwork.com reports. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $66.98.
The Madison Square Garden (NYSE:MSG) traded up 0.12% during mid-day trading on Tuesday, hitting $66.34. The stock had a trading volume of 34,658 shares. The Madison Square Garden has a one year low of $48.16 and a one year high of $66.63. The stock’s 50-day moving average is $61.20 and its 200-day moving average is $57.6. The company has a market cap of $5.121 billion and a P/E ratio of 45.07.
The Madison Square Garden (NYSE:MSG) last announced its earnings results on Wednesday, August 20th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.07. The company had revenue of $371.70 million for the quarter, compared to the consensus estimate of $348.78 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. Analysts expect that The Madison Square Garden will post $2.00 EPS for the current fiscal year.
A number of research firms have recently commented on MSG. Analysts at ISI Group downgraded shares of The Madison Square Garden from a “buy” rating to a “neutral” rating in a research note on Friday. They now have a $66.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Macquarie reiterated a “neutral” rating on shares of The Madison Square Garden in a research note on Thursday, August 21st. They now have a $64.00 price target on the stock, up previously from $61.00. Finally, analysts at Stifel Nicolaus downgraded shares of The Madison Square Garden from a “buy” rating to a “hold” rating in a research note on Thursday, August 21st. They now have a $65.00 price target on the stock, up previously from $60.00.
The Madison Square Garden Company, is a holding company conducting its operations through direct and indirect subsidiaries.
Receive News & Ratings for The Madison Square Garden Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Madison Square Garden Co and related companies with Analyst Ratings Network's FREE daily email newsletter.