In a report released yesterday, Amy Yong from Macquarie reiterated a Buy rating on Madison Square Garden Co (NYSE: MSG), with a price target of $356. The company’s shares closed yesterday at $271.15.
According to TipRanks.com, Yong is a 3-star analyst with an average return of 2.2% and a 45.4% success rate. Yong covers the Services sector, focusing on stocks such as Liberty Media Corporation Series A Liberty SiriusXM Common Stock, Lions Gate Ent Corp Cl A, and Charter Communications.
Currently, the analyst consensus on Madison Square Garden Co is a Moderate Buy with an average price target of $364.
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Based on Madison Square Garden Co’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $46.05 million. In comparison, last year the company had a GAAP net loss of $11.11 million.
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The Madison Square Garden Co. engages in the provision of live experiences, which comprises of celebrated venues, legendary sports teams, exclusive entertainment productions, and entertainment assets which include dining and nightlife venues, and music festivals.
