Madison Square Garden Sports (NYSE:MSGS – Get Free Report) had its price objective hoisted by equities researchers at Macquarie from $240.00 to $250.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Macquarie’s price target indicates a potential upside of 23.40% from the company’s previous close.
Madison Square Garden Sports Stock Performance
Shares of NYSE:MSGS opened at $202.59 on Tuesday. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 85.48 and a beta of 0.91. Madison Square Garden Sports has a 1-year low of $178.35 and a 1-year high of $237.99. The company has a 50 day moving average price of $215.43 and a 200 day moving average price of $216.06.
Madison Square Garden Sports (NYSE:MSGS – Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). Madison Square Garden Sports had a negative return on equity of 20.50% and a net margin of 5.33%. The firm had revenue of $357.80 million during the quarter, compared to analyst estimates of $352.68 million. During the same period in the prior year, the business posted $0.59 EPS. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, sell-side analysts expect that Madison Square Garden Sports will post 0.73 EPS for the current fiscal year.
Institutional Investors Weigh In On Madison Square Garden Sports
Madison Square Garden Sports Company Profile
Madison Square Garden Sports Corp. operates as a professional sports company in the United States. The company owns and operates a portfolio of assets that consists of the New York Knickerbockers of the National Basketball Association (NBA) and the New York Rangers of the National Hockey League. Its other professional franchises include development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.
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