The Madison Square Garden Company (NYSE:MSGS) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of The Madison Square Garden Company (NYSE:MSGS - Get Free Report) have been given a consensus rating of "Moderate Buy" by the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $252.60.

A number of equities research analysts have weighed in on MSGS shares. Guggenheim restated a "buy" rating and set a $314.00 price target on shares of Madison Square Garden in a research report on Tuesday, May 6th. Morgan Stanley decreased their price objective on Madison Square Garden from $235.00 to $215.00 and set an "equal weight" rating on the stock in a report on Monday, May 5th. Susquehanna started coverage on Madison Square Garden in a research note on Monday, April 28th. They issued a "positive" rating and a $254.00 target price for the company. JPMorgan Chase & Co. reduced their price target on shares of Madison Square Garden from $240.00 to $230.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Finally, Macquarie boosted their price objective on shares of Madison Square Garden from $240.00 to $250.00 and gave the stock an "outperform" rating in a report on Tuesday, February 25th.

Hedge Funds Weigh In On Madison Square Garden

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Putney Financial Group LLC purchased a new stake in shares of Madison Square Garden during the fourth quarter valued at approximately $28,000. Allworth Financial LP raised its holdings in Madison Square Garden by 81.4% during the 4th quarter. Allworth Financial LP now owns 127 shares of the company's stock valued at $28,000 after buying an additional 57 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in Madison Square Garden during the 4th quarter valued at $43,000. Headlands Technologies LLC grew its holdings in Madison Square Garden by 1,016.7% in the 4th quarter. Headlands Technologies LLC now owns 268 shares of the company's stock worth $60,000 after acquiring an additional 244 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Madison Square Garden by 423.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 272 shares of the company's stock worth $62,000 after acquiring an additional 220 shares during the last quarter. 68.94% of the stock is currently owned by institutional investors.

Madison Square Garden Stock Performance

MSGS traded up $12.20 on Friday, reaching $203.31. The company had a trading volume of 582,029 shares, compared to its average volume of 117,469. Madison Square Garden has a 52-week low of $173.26 and a 52-week high of $237.99. The company has a market cap of $4.88 billion, a price-to-earnings ratio of 968.20 and a beta of 0.77. The business has a 50 day simple moving average of $191.56 and a 200 day simple moving average of $202.87.

Madison Square Garden (NYSE:MSGS - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The company reported ($0.59) EPS for the quarter, missing analysts' consensus estimates of $1.48 by ($2.07). Madison Square Garden had a negative return on equity of 1.76% and a net margin of 0.45%. The company had revenue of $424.20 million during the quarter, compared to the consensus estimate of $436.84 million. During the same period in the previous year, the company earned $1.57 EPS. Madison Square Garden's quarterly revenue was down 1.3% on a year-over-year basis. As a group, equities research analysts predict that Madison Square Garden will post 0.73 EPS for the current fiscal year.

Madison Square Garden Company Profile

Madison Square Garden Sports Corp. operates as a professional sports company in the United States. The company owns and operates a portfolio of assets that consists of the New York Knickerbockers of the National Basketball Association (NBA) and the New York Rangers of the National Hockey League. Its other professional franchises include development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.