MSG Networks (NYSE:MSGN) had its target price increased by Imperial Capital to $32.00 in a research note published on Friday morning, The Fly reports. Imperial Capital currently has an outperform rating on the stock. Imperial Capital also issued estimates for MSG Networks’ Q1 2019 earnings at $0.62 EPS, Q2 2019 earnings at $0.63 EPS, Q4 2019 earnings at $0.68 EPS, FY2019 earnings at $2.63 EPS and FY2020 earnings at $2.76 EPS. The analysts noted that the move was a valuation call.

Several other research firms have also recently issued reports on MSGN. Zacks Investment Research raised MSG Networks from a hold rating to a buy rating and set a $27.00 target price on the stock in a research note on Thursday, July 5th. ValuEngine cut MSG Networks from a sell rating to a strong sell rating in a research note on Thursday, July 12th. Finally, Jefferies Financial Group reissued a hold rating and issued a $23.00 target price on shares of MSG Networks in a research note on Friday, August 17th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. MSG Networks presently has a consensus rating of Hold and an average target price of $27.33.

Shares of NYSE:MSGN traded up $0.58 on Friday, reaching $26.51. 458,076 shares of the company traded hands, compared to its average volume of 475,919. MSG Networks has a 52 week low of $16.15 and a 52 week high of $27.50. The stock has a market capitalization of $1.93 billion, a P/E ratio of 6.96, a price-to-earnings-growth ratio of 1.20 and a beta of 0.78. The company has a current ratio of 3.04, a quick ratio of 3.04 and a debt-to-equity ratio of -1.70.

MSG Networks (NYSE:MSGN) last announced its quarterly earnings data on Wednesday, August 15th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.05. MSG Networks had a negative return on equity of 24.41% and a net margin of 41.46%. The firm had revenue of $171.40 million for the quarter, compared to analysts’ expectations of $166.01 million. During the same period last year, the firm earned $0.52 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, research analysts predict that MSG Networks will post 2.58 EPS for the current year.

Institutional investors have recently bought and sold shares of the business. Mount Yale Investment Advisors LLC bought a new stake in MSG Networks during the 1st quarter valued at approximately $120,000. Atlantic Trust Group LLC bought a new stake in MSG Networks during the 1st quarter valued at approximately $136,000. Canandaigua National Bank & Trust Co. bought a new stake in MSG Networks during the 2nd quarter valued at approximately $216,000. Principal Financial Group Inc. bought a new stake in MSG Networks during the 1st quarter valued at approximately $218,000. Finally, Hartford Investment Management Co. bought a new stake in MSG Networks during the 2nd quarter valued at approximately $228,000. 83.99% of the stock is currently owned by institutional investors and hedge funds.

About MSG Networks

MSG Networks Inc engages in the sports production, and content development and distribution businesses in the United States. The company owns and operates MSG Network and MSG+, which are regional sports and entertainment networks. It also operates MSG GO that provides live streaming and video on demand, as well as a Website and social media platforms for its brands.

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Analyst Recommendations for MSG Networks (NYSE:MSGN)

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