The Madison Square Garden (NYSE:MSG) Earns News Sentiment Score of 0.27

Press coverage about The Madison Square Garden (NYSE:MSG) has been trending positive recently, according to Accern. The research firm identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. The Madison Square Garden earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.4393894796027 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the headlines that may have impacted Accern’s rankings:

The Madison Square Garden (MSG) opened at 214.01 on Wednesday. The stock’s market capitalization is $5.04 billion. The Madison Square Garden has a 52-week low of $160.96 and a 52-week high of $226.95. The company’s 50-day moving average price is $215.34 and its 200 day moving average price is $205.66.

The Madison Square Garden (NYSE:MSG) last posted its quarterly earnings data on Thursday, August 17th. The company reported ($3.58) EPS for the quarter, missing analysts’ consensus estimates of ($1.10) by ($2.48). The Madison Square Garden had a negative net margin of 5.52% and a negative return on equity of 2.43%. The business had revenue of $305.60 million during the quarter, compared to analyst estimates of $279.19 million. During the same quarter in the prior year, the firm posted ($2.39) earnings per share. The company’s revenue for the quarter was up 40.3% compared to the same quarter last year. On average, equities research analysts predict that The Madison Square Garden will post $0.59 earnings per share for the current fiscal year.

MSG has been the topic of several recent analyst reports. Zacks Investment Research downgraded The Madison Square Garden from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 18th. BTIG Research reiterated a “buy” rating and set a $260.00 target price (up from $240.00) on shares of The Madison Square Garden in a research note on Tuesday, July 25th. Morgan Stanley reiterated an “overweight” rating and set a $245.00 target price (up from $215.00) on shares of The Madison Square Garden in a research note on Tuesday, July 25th. Finally, Jefferies Group LLC raised their price target on The Madison Square Garden from $185.00 to $200.00 and gave the stock a “hold” rating in a research note on Friday, August 18th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $211.50.

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The Madison Square Garden Company Profile

The Madison Square Garden Company is a holding company, which is engaged in live experiences consisting of celebrated venues, sports teams, and entertainment productions. The Company operates in two segments, which include MSG Entertainment and MSG Sports. The MSG Sports segment includes the Company’s professional sports franchises, which include the New York Knicks (the Knicks) of the National Basketball Association (the NBA), the New York Rangers (the Rangers) of the National Hockey League (the NHL), the New York Liberty (the Liberty) of the Women’s National Basketball Association (the WNBA), the Hartford Wolf Pack of the American Hockey League (the AHL), which is the primary player development team for the Rangers, and the Westchester Knicks, an NBA Development League team.

Insider Buying and Selling by Quarter for The Madison Square Garden (NYSE:MSG)

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