Madison Square Garden Entertainment (NYSE:MSGE) Stock Gets Price Target Boost from JPMorgan Chase & Co.

Madison Square Garden Entertainment (NYSE:MSGE) had its price target lifted by equities research analysts at JPMorgan Chase & Co. from $83.00 to $84.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 11.14% from the company’s current price.

A number of other brokerages have also recently commented on MSGE. Zacks Research cut shares of Madison Square Garden Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Guggenheim increased their target price on Madison Square Garden Entertainment from $82.00 to $103.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Bank of America raised their target price on Madison Square Garden Entertainment from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. The Goldman Sachs Group lowered Madison Square Garden Entertainment from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $72.00 to $82.00 in a research note on Thursday, July 9th. Finally, Wall Street Zen cut Madison Square Garden Entertainment from a “buy” rating to a “hold” rating in a report on Saturday, October 31st. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $90.50.

Madison Square Garden Entertainment Stock Performance

Shares of Madison Square Garden Entertainment stock traded down $3.15 during trading on Thursday, reaching $75.58. The company’s stock had a trading volume of 519,463 shares, compared to its average volume of 412,076. The company has a debt-to-equity ratio of 11.80, a quick ratio of 0.70 and a current ratio of 0.70. The business’s fifty day moving average price is $79.20 and its 200-day moving average price is $70.72. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 54.77 and a beta of 0.56. Madison Square Garden Entertainment has a one year low of $43.33 and a one year high of $90.41.

Madison Square Garden Entertainment (NYSE:MSGE) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.24. Madison Square Garden Entertainment had a net margin of 6.24% and a return on equity of 480.83%. The company had revenue of $217.13 million for the quarter, compared to the consensus estimate of $208.11 million. During the same quarter in the previous year, the firm posted ($0.46) EPS. The business’s revenue was up 37.2% compared to the same quarter last year. As a group, equities research analysts predict that Madison Square Garden Entertainment will post 2.51 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MSGE. Scholtz & Company LLC grew its holdings in shares of Madison Square Garden Entertainment by 67.8% in the 2nd quarter. Scholtz & Company LLC now owns 62,037 shares of the company’s stock valued at $5,018,000 after acquiring an additional 25,066 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of Madison Square Garden Entertainment during the 2nd quarter worth about $4,816,000. Bank of America Corp DE increased its stake in shares of Madison Square Garden Entertainment by 27.7% during the 1st quarter. Bank of America Corp DE now owns 223,411 shares of the company’s stock worth $13,161,000 after purchasing an additional 48,453 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Madison Square Garden Entertainment by 130.2% during the 1st quarter. First Trust Advisors LP now owns 131,119 shares of the company’s stock worth $7,724,000 after purchasing an additional 74,159 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Madison Square Garden Entertainment in the 2nd quarter valued at about $9,497,000. Institutional investors and hedge funds own 96.86% of the company’s stock.

Key Madison Square Garden Entertainment News

Here are the key news stories impacting Madison Square Garden Entertainment this week:

• Positive Sentiment: Fiscal Q1 2027 revenue climbed 37.2% year over year to $217.1 million, topping analysts’ $208.1 million estimate. Earnings were $0.19 per share, versus consensus expectations for a loss, and improved from a $0.46-per-share loss a year earlier. Company fiscal Q1 results
• Positive Sentiment: The quarter featured a record number of concerts at Madison Square Garden Arena. Harry Styles was among the acts associated with the revenue surge, highlighting demand for the company’s live-event portfolio. Billboard article on Harry Styles and revenue
• Positive Sentiment: Management repurchased $25 million of Class A shares during the quarter, returning capital to shareholders. Motley Fool earnings takeaways
• Positive Sentiment: Susquehanna raised its price target to $93 from $92 and maintained a positive rating, signaling continued analyst optimism. Susquehanna recommendations
• Positive Sentiment: The company expects more than 1.2 million guests for its Christmas Spectacular and plans 231 performances in fiscal 2027, supporting its outlook for event-related activity. Christmas Spectacular plans

About Madison Square Garden Entertainment

Madison Square Garden Entertainment Corp. (NYSE: MSGE) is a live entertainment company that owns, operates and manages prominent entertainment venues and produces live events. Its portfolio includes Madison Square Garden, Radio City Music Hall, the Beacon Theatre and The Chicago Theatre, as well as the Hulu Theater at Madison Square Garden.

The company presents and promotes concerts, family entertainment, comedy shows, sporting events and other special events. It also produces the annual Christmas Spectacular Starring the Radio City Rockettes and supports a range of entertainment experiences through its venue operations, booking activities and event-related services.

Madison Square Garden Entertainment primarily serves audiences in the United States, with a concentration in New York City and Chicago.