MSG Entertainment (NASDAQ:MSGE) has received a consensus rating of “Buy” from the seven ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $110.80.

MSGE has been the topic of several recent analyst reports. Wolfe Research started coverage on MSG Entertainment in a research report on Thursday, June 25th. They set an “outperform” rating and a $118.00 target price on the stock. Guggenheim started coverage on MSG Entertainment in a research report on Wednesday, June 17th. They issued a “buy” rating and a $116.00 target price on the stock. Macquarie initiated coverage on MSG Entertainment in a research note on Tuesday, April 28th. They set an “outperform” rating and a $115.00 target price for the company. Jefferies Financial Group started coverage on MSG Entertainment in a report on Monday. They issued a “buy” rating and a $100.00 target price for the company. Finally, Gabelli started coverage on MSG Entertainment in a report on Monday, April 27th. They set a “buy” rating for the company.

MSGE stock traded up $0.02 on Thursday, reaching $75.12. The company’s stock had a trading volume of 2,533 shares, compared to its average volume of 323,244. The company has a fifty day moving average price of $77.28. MSG Entertainment has a 12-month low of $58.67 and a 12-month high of $172.47.

MSG Entertainment (NASDAQ:MSGE) last issued its quarterly earnings results on Monday, May 18th. The company reported ($5.36) earnings per share for the quarter, missing the consensus estimate of ($4.15) by ($1.21). The firm had revenue of $199.90 million during the quarter, compared to analysts’ expectations of $36.95 million. The firm’s quarterly revenue was down 20.0% compared to the same quarter last year.

In related news, SVP Joseph F. Yospe sold 6,450 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $76.39, for a total value of $492,715.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

About MSG Entertainment

There is no company description available for Madison Square Garden Entertainment Corp.

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Analyst Recommendations for MSG Entertainment (NASDAQ:MSGE)

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