News stories about The Madison Square Garden (NYSE:MSG) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. The Madison Square Garden earned a news impact score of 0.12 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.5961962888377 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Syracuse basketball favored by 5 points against UConn at Madison Square Garden (make your prediction) (syracuse.com)
- The Madison Square Garden Co. breached its 50 day moving average in a Bullish Manner : MSG-US : December 5, 2017 (finance.yahoo.com)
- Morgan Stanley Downgrades The Madison Square Garden (MSG) to Equal Weight (americanbankingnews.com)
- The Madison Square Garden (MSG) Cut to “Sell” at ValuEngine (americanbankingnews.com)
- Move Madison Square Garden For Penn Station Fixes, Group Proposes (patch.com)
A number of research firms recently issued reports on MSG. Morgan Stanley cut The Madison Square Garden from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $218.50 to $245.00 in a report on Tuesday. ValuEngine cut The Madison Square Garden from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Jefferies Group boosted their price objective on The Madison Square Garden from $185.00 to $200.00 and gave the company a “hold” rating in a report on Friday, August 18th. Loop Capital boosted their price objective on The Madison Square Garden from $266.00 to $268.00 and gave the company a “buy” rating in a report on Monday, November 6th. Finally, BTIG Research set a $260.00 price objective on The Madison Square Garden and gave the company a “buy” rating in a report on Monday, September 11th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The Madison Square Garden currently has a consensus rating of “Hold” and an average target price of $217.78.
The Madison Square Garden (NYSE:MSG) last issued its earnings results on Friday, November 3rd. The company reported ($0.47) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.65) by $0.18. The Madison Square Garden had a negative return on equity of 1.75% and a negative net margin of 4.00%. The business had revenue of $245.04 million during the quarter, compared to analysts’ expectations of $237.06 million. During the same period in the prior year, the business earned ($1.19) EPS. The business’s revenue for the quarter was up 34.9% compared to the same quarter last year. equities analysts forecast that The Madison Square Garden will post 0.66 EPS for the current 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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