The Madison Square Garden Co. (MSG) Shares Gap Up to $175.42
The Madison Square Garden Co. (NYSE:MSG) shares gapped up before the market opened on Monday . The stock had previously closed at $174.78, but opened at $175.42. The Madison Square Garden shares last traded at $177.98, with a volume of 44,292 shares traded.
MSG has been the topic of a number of recent research reports. Zacks Investment Research raised shares of The Madison Square Garden from a “hold” rating to a “buy” rating and set a $184.00 target price on the stock in a research report on Wednesday, April 20th. Pacific Crest reaffirmed an “equal weight” rating on shares of The Madison Square Garden in a report on Friday, April 1st. Albert Fried & Company reaffirmed a “hold” rating and issued a $170.00 price target on shares of The Madison Square Garden in a report on Thursday, June 2nd. Finally, FBN Securities started coverage on shares of The Madison Square Garden in a report on Wednesday, May 4th. They issued an “outperform” rating and a $240.77 price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. The Madison Square Garden has a consensus rating of “Hold” and an average price target of $123.71.
The company has a 50-day moving average of $171.00 and a 200-day moving average of $161.55. The stock’s market capitalization is $4.37 billion.
The Madison Square Garden (NYSE:MSG) last announced its quarterly earnings results on Friday, May 6th. The company reported ($2.47) EPS for the quarter, missing the consensus estimate of ($0.35) by $2.12. The business earned $336.30 million during the quarter, compared to the consensus estimate of $325.40 million. During the same quarter in the previous year, the business posted $0.51 EPS. The firm’s revenue was up 11.8% on a year-over-year basis. Equities research analysts expect that The Madison Square Garden Co. will post ($1.80) EPS for the current fiscal year.
The Madison Square Garden Company, formerly MSG Spinco, Inc, is engaged in sports and entertainment business. The Company operates through two segments: MSG Sports and MSG Entertainment. MSG Sports segment includes sports business, which owns and operates the sports franchises, such as the New York Knicks (the Knicks) of the National Basketball Association (the NBA) and the New York Rangers (the Rangers) of the National Hockey League (the NHL).
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.