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Shares of The Madison Square Garden (NYSE:MSG) have earned an average recommendation of “Hold” from the ten ratings firms that are currently covering the company, Stock Ratings Network.com reports. Eight analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $66.98.

MSG has been the subject of a number of recent research reports. 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, August 22nd. 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.

In other The Madison Square Garden news, Director Wilton J. Jr. Hildenbrand sold 3,276 shares of The Madison Square Garden stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $65.39, for a total transaction of $214,217.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

The Madison Square Garden (NYSE:MSG) opened at 66.86 on Tuesday. The Madison Square Garden has a 52 week low of $48.16 and a 52 week high of $67.86. The stock’s 50-day moving average is $61.76 and its 200-day moving average is $57.85. The company has a market cap of $5.161 billion and a P/E ratio of 45.05.

The Madison Square Garden (NYSE:MSG) last issued its quarterly earnings data on Wednesday, August 20th. The company reported $0.15 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.47 earnings per share. The Madison Square Garden’s revenue was up 10.5% compared to the same quarter last year. Analysts expect that The Madison Square Garden will post $1.84 EPS for the current fiscal year.

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

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