The Madison Square Garden Company (NYSE:MSGS) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• The Madison Square Garden Company has received a consensus rating of "Moderate Buy" from five research firms, with one hold rating and four buy ratings.
• Analysts have varying target prices, with Guggenheim setting the highest at $314.00, while Morgan Stanley and JPMorgan have lower targets of $215.00 and $230.00 respectively.
• Institutional investors currently own 68.94% of Madison Square Garden's stock, indicating strong confidence from large investors in the company's performance.

Shares of The Madison Square Garden Company (NYSE:MSGS - Get Free Report) have been given a consensus rating of "Moderate Buy" by the five research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $252.60.

Several research analysts have commented on MSGS shares. Morgan Stanley decreased their target price on shares of Madison Square Garden from $235.00 to $215.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. Guggenheim restated a "buy" rating and issued a $314.00 target price on shares of Madison Square Garden in a research report on Tuesday, May 6th. Susquehanna assumed coverage on shares of Madison Square Garden in a research report on Monday, April 28th. They issued a "positive" rating and a $254.00 target price for the company. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Madison Square Garden from $240.00 to $230.00 and set an "overweight" rating for the company in a report on Monday, May 5th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MSGS. Putney Financial Group LLC acquired a new stake in Madison Square Garden during the fourth quarter valued at approximately $28,000. Fifth Third Bancorp lifted its stake in Madison Square Garden by 59.5% during the second quarter. Fifth Third Bancorp now owns 185 shares of the company's stock valued at $39,000 after purchasing an additional 69 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in Madison Square Garden during the fourth quarter valued at approximately $43,000. Covestor Ltd lifted its stake in Madison Square Garden by 30,600.0% during the fourth quarter. Covestor Ltd now owns 307 shares of the company's stock valued at $69,000 after purchasing an additional 306 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in Madison Square Garden during the fourth quarter valued at approximately $92,000. 68.94% of the stock is currently owned by institutional investors.

Madison Square Garden Trading Down 1.3%

NYSE MSGS opened at $199.42 on Friday. Madison Square Garden has a 52 week low of $173.26 and a 52 week high of $237.99. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 949.67 and a beta of 0.79. The company has a 50-day moving average price of $200.71 and a two-hundred day moving average price of $198.51.

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.

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