Somewhat Favorable Media Coverage Somewhat Unlikely to Affect The Madison Square Garden (MSG) Share Price
Headlines about The Madison Square Garden (NYSE:MSG) have been trending somewhat positive on Friday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. The Madison Square Garden earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.4332902038066 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern’s rankings:
- Kristaps Porzingis Thinks the MSG Crowd Should Show ‘Melo Love Upon His Return (si.com)
- The Madison Square Garden Company (MSG) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- Free Research Report as Madison Square Garden’s Revenue Grew 35% (finance.yahoo.com)
- WATCH: Michael Rapaport talks Knicks, Porzingis, LaVar Ball, and MSG (yardbarker.com)
- Billy Joel Adds 52nd Madison Square Garden Show After 51 Sold Out Shows (broadwayworld.com)
A number of equities analysts have issued reports on MSG shares. Jefferies Group increased their target price on The Madison Square Garden from $185.00 to $200.00 and gave the stock a “hold” rating in a report on Friday, August 18th. BTIG Research set a $260.00 target price on The Madison Square Garden and gave the stock a “buy” rating in a report on Monday, September 11th. Zacks Investment Research cut The Madison Square Garden from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Loop Capital increased their target price on The Madison Square Garden from $266.00 to $268.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Finally, ValuEngine cut The Madison Square Garden from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $217.78.
Shares of The Madison Square Garden (MSG) traded up $0.26 during midday trading on Friday, hitting $210.13. The stock had a trading volume of 172,700 shares, compared to its average volume of 178,972. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.92 and a quick ratio of 1.92. The Madison Square Garden has a 12 month low of $166.86 and a 12 month high of $231.44.
The Madison Square Garden (NYSE:MSG) last announced its quarterly earnings data on Friday, November 3rd. The company reported ($0.47) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.65) by $0.18. The company had revenue of $245.04 million during the quarter, compared to analysts’ expectations of $237.06 million. The Madison Square Garden had a negative return on equity of 1.75% and a negative net margin of 4.00%. The Madison Square Garden’s revenue for the quarter was up 34.9% compared to the same quarter last year. During the same quarter last year, the company earned ($1.19) EPS. sell-side analysts forecast that The Madison Square Garden will post 0.66 EPS for the current fiscal year.
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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.
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