The Madison Square Garden Co. (MSG) Hits New 52-Week High at $187.41
The Madison Square Garden Co. (NYSE:MSG) shares reached a new 52-week high on Monday . The company traded as high as $187.41 and last traded at $186.31, with a volume of 89,498 shares trading hands. The stock had previously closed at $182.99.
A number of research firms recently weighed in on MSG. FBN Securities began coverage on shares of The Madison Square Garden in a research note on Wednesday, May 4th. They set an “outperform” rating and a $240.77 target price on the stock. Zacks Investment Research upgraded shares of The Madison Square Garden from a “sell” rating to a “hold” rating in a research note on Tuesday, June 28th. Loop Capital reiterated a “buy” rating and issued a $217.00 price target on shares of The Madison Square Garden in a research note on Tuesday. Finally, Albert Fried & Company reiterated a “hold” rating and issued a $170.00 price target on shares of The Madison Square Garden in a research note on Thursday, June 2nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $133.43.
The stock’s market cap is $4.56 billion. The company’s 50-day moving average is $178.80 and its 200 day moving average is $166.10.
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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