Madison Square Garden Sports Corp. (NASDAQ:MSGS) has received an average broker rating score of 1.33 (Strong Buy) from the six analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and five have issued a strong buy recommendation on the company. Madison Square Garden Sports’ rating score has improved by 5% from 90 days ago as a result of various analysts’ ratings changes.

Brokerages have set a 1 year consensus price objective of $232.33 for the company and are anticipating that the company will post ($1.52) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Madison Square Garden Sports an industry rank of 196 out of 254 based on the ratings given to related companies.

MSGS has been the subject of a number of recent research reports. Oppenheimer reiterated a “buy” rating and set a $180.00 price objective on shares of Madison Square Garden Sports in a research note on Monday, May 11th. Imperial Capital dropped their price target on shares of Madison Square Garden Sports from $194.00 to $192.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 13th. Guggenheim increased their price objective on shares of Madison Square Garden Sports from $216.00 to $221.00 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Evercore ISI assumed coverage on shares of Madison Square Garden Sports in a report on Tuesday, May 19th. They issued an “outperform” rating and a $208.00 target price for the company. Finally, TheStreet cut shares of Madison Square Garden Sports from a “c-” rating to a “d+” rating in a report on Thursday, May 28th.

Hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp purchased a new stake in shares of Madison Square Garden Sports during the 1st quarter valued at about $52,453,000. Royal Bank of Canada purchased a new position in shares of Madison Square Garden Sports in the first quarter worth approximately $514,000. Public Employees Retirement Association of Colorado bought a new stake in Madison Square Garden Sports during the first quarter valued at approximately $509,000. Morgan Stanley purchased a new stake in Madison Square Garden Sports during the first quarter valued at approximately $8,877,000. Finally, The Manufacturers Life Insurance Company bought a new position in Madison Square Garden Sports in the first quarter worth approximately $7,703,000.

NASDAQ MSGS traded down $4.71 during trading hours on Friday, reaching $145.35. 314,918 shares of the company’s stock traded hands, compared to its average volume of 265,145. Madison Square Garden Sports has a 52-week low of $145.29 and a 52-week high of $316.39. The business’s 50-day simple moving average is $165.69.

Madison Square Garden Sports (NASDAQ:MSGS) last announced its earnings results on Monday, May 11th. The company reported ($0.66) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($1.36). The business had revenue of $424.00 million for the quarter, compared to analyst estimates of $470.41 million. During the same period last year, the company earned $1.48 earnings per share. The business’s quarterly revenue was down 18.0% on a year-over-year basis.

Madison Square Garden Sports Company Profile

Madison Square Garden Sports Corp. operates as a professional sports company. Its collection of assets include the New York Knicks (NBA) and the New York Rangers (NHL); two development league teams, including the Westchester Knicks (NBAGL) and the Hartford Wolf Pack (AHL); and esports teams. The company also owns two professional sports team performance centers, including the MSG training center in Greenburgh, New York and the CLG performance center in Los Angeles, California.

Further Reading: What is the balance sheet?

Get a free copy of the Zacks research report on Madison Square Garden Sports (MSGS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Madison Square Garden Sports (NASDAQ:MSGS)

Receive News & Ratings for Madison Square Garden Sports Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Madison Square Garden Sports and related companies with MarketBeat.com's FREE daily email newsletter.