The Madison Square Garden Co. (MSG) Reaches New 52-Week High at $185.47
Shares of The Madison Square Garden Co. (NYSE:MSG) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $185.47 and last traded at $184.71, with a volume of 53,221 shares traded. The stock had previously closed at $182.79.
MSG has been the topic of a number of research analyst reports. Zacks Investment Research raised The Madison Square Garden from a “hold” rating to a “buy” rating and set a $184.00 price target on the stock in a research note on Wednesday, April 20th. Albert Fried & Company reiterated a “hold” rating and set a $170.00 price objective on shares of The Madison Square Garden in a research report on Thursday, June 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. The Madison Square Garden has an average rating of “Hold” and a consensus target price of $125.08.
The firm’s market cap is $4.48 billion. The company’s 50 day moving average price is $174.66 and its 200-day moving average price is $163.54.
The Madison Square Garden (NYSE:MSG) last issued its earnings results on Friday, May 6th. The company reported ($2.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by $2.12. The firm earned $336.30 million during the quarter, compared to analyst estimates of $325.40 million. During the same period last year, the business posted $0.51 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. 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).
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