The Madison Square Garden Company (NYSE:MSG) has received a consensus recommendation of “Buy” from the twelve analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $217.00.

A number of analysts have commented on the company. BTIG Research set a $260.00 price target on The Madison Square Garden and gave the stock a “buy” rating in a research report on Monday, September 11th. Jefferies Group LLC lifted their price target on The Madison Square Garden from $185.00 to $200.00 and gave the stock a “hold” rating in a research report on Friday, August 18th. Loop Capital lifted their price target on The Madison Square Garden from $266.00 to $268.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Finally, Zacks Investment Research cut The Madison Square Garden from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th.

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Shares of The Madison Square Garden (NYSE:MSG) traded down $0.75 on Monday, reaching $214.15. The company’s stock had a trading volume of 271,100 shares, compared to its average volume of 173,584. The Madison Square Garden has a 12 month low of $166.86 and a 12 month high of $231.44. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.04.

The Madison Square Garden (NYSE:MSG) last issued its quarterly earnings results on Friday, November 3rd. The company reported ($0.47) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.65) by $0.18. The Madison Square Garden had a negative return on equity of 1.75% and a negative net margin of 4.00%. The company had revenue of $245.04 million during the quarter, compared to analysts’ expectations of $237.06 million. During the same quarter in the previous year, the firm posted ($1.19) EPS. The firm’s revenue was up 34.9% compared to the same quarter last year. equities research analysts expect that The Madison Square Garden will post 0.66 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MSG. BlackRock Inc. raised its stake in shares of The Madison Square Garden by 13,915.4% during the 1st quarter. BlackRock Inc. now owns 767,202 shares of the company’s stock valued at $153,216,000 after buying an additional 761,728 shares during the last quarter. Janus Henderson Group PLC purchased a new position in shares of The Madison Square Garden during the 2nd quarter valued at about $75,632,000. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of The Madison Square Garden by 1,731.6% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 146,583 shares of the company’s stock valued at $28,862,000 after buying an additional 138,580 shares during the last quarter. Gruss Capital Management LP raised its stake in shares of The Madison Square Garden by 51.8% during the 3rd quarter. Gruss Capital Management LP now owns 349,172 shares of the company’s stock valued at $74,758,000 after buying an additional 119,172 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of The Madison Square Garden by 100.0% during the 2nd quarter. Renaissance Technologies LLC now owns 227,800 shares of the company’s stock valued at $44,854,000 after buying an additional 113,900 shares during the last quarter. Institutional investors and hedge funds own 68.49% of the company’s stock.

The Madison Square Garden Company Profile

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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