Madison Square Garden (MSG) Receiving Positive News Coverage, Analysis Finds
News coverage about Madison Square Garden (NYSE:MSG) has trended positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Madison Square Garden earned a news sentiment score of 0.26 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.229242342373 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Lazard Asset Management LLC Has $61.89 Million Holdings in Madison Square Garden Co (MSG) (americanbankingnews.com)
- Spark Investment Management LLC Purchases Shares of 6,500 Madison Square Garden Co (MSG) (americanbankingnews.com)
- Madison Square Garden Co (MSG) Position Lifted by California Public Employees Retirement System (americanbankingnews.com)
- Tiger Eye Capital LLC Sells 48,703 Shares of Madison Square Garden Co (MSG) (americanbankingnews.com)
- My Michigan March at Madison Square Garden (maizenbrew.com)
Shares of Madison Square Garden (NYSE:MSG) traded down $0.67 during mid-day trading on Friday, reaching $239.33. 237,194 shares of the company traded hands, compared to its average volume of 288,204. Madison Square Garden has a one year low of $185.15 and a one year high of $250.36. The stock has a market cap of $5,652.96, a P/E ratio of 75.50 and a beta of 0.49. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.04.
MSG has been the subject of several research reports. Loop Capital increased their price target on shares of Madison Square Garden from $266.00 to $268.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Zacks Investment Research lowered shares of Madison Square Garden from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. ValuEngine lowered shares of Madison Square Garden from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Morgan Stanley lowered shares of Madison Square Garden from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $218.50 to $245.00 in a research note on Tuesday, December 5th. Finally, TheStreet raised shares of Madison Square Garden from a “c” rating to a “b” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $223.63.
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Madison Square Garden Company Profile
The Madison Square Garden Company is a holding company, which is engaged in live experiences consisting of celebrated venues, sports teams, and entertainment productions. The Company operates in two segments, which include MSG Entertainment and MSG Sports. The MSG Sports segment includes the Company’s professional sports franchises, which include the New York Knicks (the Knicks) of the National Basketball Association (the NBA), the New York Rangers (the Rangers) of the National Hockey League (the NHL), the New York Liberty (the Liberty) of the Women’s National Basketball Association (the WNBA), the Hartford Wolf Pack of the American Hockey League (the AHL), which is the primary player development team for the Rangers, and the Westchester Knicks, an NBA Development League team.
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