Madison Square Garden (MSG) Given Coverage Optimism Rating of 0.02

Media headlines about Madison Square Garden (NYSE:MSG) have trended somewhat positive this week, Alpha One reports. The research group, a subsidiary of Accern, scores the sentiment of press coverage by reviewing more than 20 million news and blog sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Madison Square Garden earned a news sentiment score of 0.02 on Alpha One’s scale. Alpha One also gave media headlines about the company an impact score of 61 out of 100, meaning that recent press coverage is somewhat likely to have an effect on the company’s share price in the next several days.

These are some of the media headlines that may have effected Alpha One Sentiment Analysis’s scoring:

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. restated an “overweight” rating and issued a $245.00 price objective on shares of Madison Square Garden in a report on Thursday, April 20th. Zacks Investment Research downgraded Madison Square Garden from a “buy” rating to a “hold” rating in a report on Thursday, February 9th. Jefferies Group LLC reiterated a “hold” rating on shares of Madison Square Garden in a report on Tuesday, March 21st. Macquarie reiterated a “hold” rating and set a $182.00 target price on shares of Madison Square Garden in a report on Monday, February 6th. Finally, Citigroup Inc dropped their target price on Madison Square Garden from $102.00 to $93.00 and set a “buy” rating on the stock in a report on Monday, May 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $196.40.

Madison Square Garden (NYSE:MSG) traded up 0.06% during midday trading on Friday, reaching $196.96. The company’s stock had a trading volume of 90,717 shares. The stock has a 50 day moving average of $199.93 and a 200 day moving average of $183.62. The firm’s market capitalization is $4.64 billion. Madison Square Garden has a 52 week low of $160.96 and a 52 week high of $206.60.

Madison Square Garden (NYSE:MSG) last issued its quarterly earnings data on Thursday, May 4th. The company reported ($0.74) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.41) by $0.33. The company had revenue of $386 million for the quarter, compared to analyst estimates of $365.57 million. Madison Square Garden had a negative return on equity of 2.55% and a negative net margin of 7.63%. The company’s revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the business earned ($2.47) earnings per share. On average, equities research analysts predict that Madison Square Garden will post ($0.56) earnings per share for the current fiscal year.

In other Madison Square Garden news, SVP Joseph F. Yospe sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, March 10th. The shares were sold at an average price of $204.17, for a total transaction of $306,255.00. Following the completion of the sale, the senior vice president now directly owns 7,433 shares in the company, valued at $1,517,595.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 18.64% of the company’s stock.

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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.

12 Month Chart for NYSE:MSG

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