The Madison Square Garden Company (NYSE:MSGS) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Consensus "Hold": Nine analysts give MSGS an average Hold rating (five holds, four buys) with a 12‑month average price target of $312.80.
• Several brokers have recently lifted ratings/targets — including JPMorgan to "overweight"/$305, Seaport to "buy"/$430, Citi to $337 and Susquehanna to $388 — signaling upward revisions amid mixed views.
• Stock and results snapshot: MSGS opened at $330.44, trades in a 52‑week range of $183.58–$345.48 with a ~$7.95B market cap and negative P/E, and reported revenue up 12.7% y/y while quarterly EPS of $0.34 missed estimates.

Shares of The Madison Square Garden Company (NYSE:MSGS - Get Free Report) have been assigned an average rating of "Hold" from the nine research firms that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $312.80.

Several equities analysts have recently issued reports on MSGS shares. JPMorgan Chase & Co. lifted their price target on Madison Square Garden from $240.00 to $305.00 and gave the company an "overweight" rating in a research note on Friday, February 6th. Seaport Research Partners raised Madison Square Garden from a "neutral" rating to a "buy" rating and set a $430.00 price objective on the stock in a report on Friday, April 10th. Guggenheim reissued a "buy" rating on shares of Madison Square Garden in a report on Thursday, February 5th. Citigroup raised their price objective on Madison Square Garden from $290.00 to $337.00 and gave the company a "buy" rating in a report on Friday, February 13th. Finally, Susquehanna raised their price objective on Madison Square Garden from $356.00 to $388.00 and gave the company a "positive" rating in a report on Thursday, April 9th.

Madison Square Garden Stock Performance

Shares of MSGS opened at $330.44 on Friday. Madison Square Garden has a 52-week low of $183.58 and a 52-week high of $345.48. The business's fifty day moving average is $314.82 and its 200-day moving average is $267.15. The firm has a market cap of $7.95 billion, a price-to-earnings ratio of -478.89 and a beta of 0.59.

Madison Square Garden (NYSE:MSGS - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.32). The firm had revenue of $403.42 million during the quarter, compared to the consensus estimate of $394.58 million. During the same quarter last year, the firm posted $0.05 EPS. The business's revenue was up 12.7% on a year-over-year basis. As a group, research analysts forecast that Madison Square Garden will post 0.73 EPS for the current fiscal year.

Insider Buying and Selling at Madison Square Garden

In related news, Director Charles P. Dolan sold 5,659 shares of the firm's stock in a transaction on Friday, February 20th. The stock was sold at an average price of $325.26, for a total transaction of $1,840,646.34. Following the sale, the director owned 435 shares of the company's stock, valued at $141,488.10. This trade represents a 92.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 19.07% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Madison Square Garden

Hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in shares of Madison Square Garden by 5,450.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 111 shares of the company's stock valued at $25,000 after acquiring an additional 109 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Madison Square Garden during the 4th quarter valued at $26,000. Salomon & Ludwin LLC acquired a new stake in shares of Madison Square Garden during the 3rd quarter valued at $27,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Madison Square Garden by 67.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 122 shares of the company's stock valued at $32,000 after acquiring an additional 49 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in Madison Square Garden by 1,150.0% during the 4th quarter. Global Retirement Partners LLC now owns 125 shares of the company's stock worth $32,000 after buying an additional 115 shares during the period. Institutional investors and hedge funds own 68.94% of the company's stock.

Madison Square Garden Company Profile

Madison Square Garden Sports Corp NYSE: MSGS is a leading sports and entertainment holding company focused on professional sports franchises and related media assets. The company owns and operates teams such as the NBA's New York Knicks, the NHL's New York Rangers and the WNBA's New York Liberty. Through these flagship franchises, MSG Sports offers a range of products and services including ticketing, premium seating and sponsorship opportunities, targeting fans in the New York metropolitan area and beyond.

In addition to team operations, Madison Square Garden Sports Corp holds a majority stake in MSG Networks, a regional cable network that broadcasts live sporting events, news and original programming.

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