The Madison Square Garden (NYSE:MSG) Receiving Somewhat Favorable News Coverage, Report Finds
Media stories about The Madison Square Garden (NYSE:MSG) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded 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 0.18 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.7759923174074 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- $277.65 Million in Sales Expected for The Madison Square Garden Company (MSG) This Quarter (americanbankingnews.com)
- The Madison Square Garden Company (NYSE:MSG) Scheduled to Post Earnings on Thursday (americanbankingnews.com)
- Buying The New York Yankees In 1915 (seekingalpha.com)
- The Madison Square Garden (NYSE:MSG) Receiving Favorable News Coverage, Report Finds (campdesrecrues.com)
Shares of The Madison Square Garden (MSG) opened at 215.66 on Friday. The stock’s 50 day moving average price is $206.33 and its 200-day moving average price is $195.86. The Madison Square Garden has a 12-month low of $160.96 and a 12-month high of $223.06. The firm’s market capitalization is $5.08 billion.
Several research analysts have weighed in on the company. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $245.00 price target on shares of The Madison Square Garden in a report on Thursday, April 20th. Zacks Investment Research downgraded The Madison Square Garden from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 18th. BTIG Research reiterated a “buy” rating and issued a $260.00 price target (up from $240.00) on shares of The Madison Square Garden in a report on Tuesday, July 25th. Morgan Stanley reiterated an “overweight” rating and issued a $245.00 price target (up from $215.00) on shares of The Madison Square Garden in a report on Tuesday, July 25th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $185.00 price target on shares of The Madison Square Garden in a report on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $204.91.
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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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