The Madison Square Garden Company (NYSE:MSG) had its price objective boosted by research analysts at Jefferies Group LLC from $185.00 to $200.00 in a research note issued on Friday. The brokerage currently has a “hold” rating on the stock. Jefferies Group LLC’s price target indicates a potential downside of 4.62% from the stock’s previous close.

A number of other research analysts have also weighed in on MSG. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $245.00 price target on shares of The Madison Square Garden in a research note on Thursday, April 20th. Bank of America Corporation initiated coverage on shares of The Madison Square Garden in a research note on Tuesday, May 2nd. They issued a “buy” rating and a $243.00 price target on the stock. Citigroup Inc. cut their price target on shares of The Madison Square Garden from $102.00 to $93.00 and set a “buy” rating on the stock in a research note on Monday, May 8th. Zacks Investment Research lowered shares of The Madison Square Garden from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. Finally, ValuEngine raised shares of The Madison Square Garden from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $206.27.

The Madison Square Garden (NYSE MSG) traded up 0.74% on Friday, reaching $209.69. 195,938 shares of the company’s stock traded hands. The Madison Square Garden has a 52-week low of $160.96 and a 52-week high of $223.06. The stock’s 50 day moving average is $208.08 and its 200 day moving average is $197.08. The firm’s market cap is $4.94 billion.

The Madison Square Garden (NYSE:MSG) last announced its quarterly earnings results on Thursday, August 17th. The company reported ($3.58) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.10) by $2.48. The Madison Square Garden had a negative net margin of 3.81% and a negative return on equity of 1.57%. The company had revenue of $305.60 million during the quarter, compared to the consensus estimate of $279.19 million. During the same period in the previous year, the firm posted ($2.39) EPS. The business’s quarterly revenue was up 40.3% compared to the same quarter last year. On average, equities research analysts predict that The Madison Square Garden will post ($0.78) EPS for the current fiscal year.

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Institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of The Madison Square Garden by 8.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 712 shares of the company’s stock worth $140,000 after buying an additional 58 shares during the last quarter. Westside Investment Management Inc. increased its position in shares of The Madison Square Garden by 137.3% in the first quarter. Westside Investment Management Inc. now owns 719 shares of the company’s stock worth $141,000 after buying an additional 416 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of The Madison Square Garden by 5.6% in the second quarter. The Manufacturers Life Insurance Company now owns 751 shares of the company’s stock worth $148,000 after buying an additional 40 shares during the last quarter. Maverick Capital Ltd. purchased a new position in shares of The Madison Square Garden during the second quarter worth $176,000. Finally, South State Corp purchased a new position in shares of The Madison Square Garden during the second quarter worth $203,000. Institutional investors and hedge funds own 84.82% of the company’s stock.

About The Madison Square Garden

The Madison Square Garden Company is a holding company, which is engaged in live experiences consisting of celebrated venues, sports teams, and entertainment productions. The Company operates in two segments, which include MSG Entertainment and MSG Sports. The MSG Sports segment includes the Company’s professional sports franchises, which include the New York Knicks (the Knicks) of the National Basketball Association (the NBA), the New York Rangers (the Rangers) of the National Hockey League (the NHL), the New York Liberty (the Liberty) of the Women’s National Basketball Association (the WNBA), the Hartford Wolf Pack of the American Hockey League (the AHL), which is the primary player development team for the Rangers, and the Westchester Knicks, an NBA Development League team.

Analyst Recommendations for The Madison Square Garden (NYSE:MSG)

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