Imperial Capital analyst David Miller maintained a Buy rating on Madison Square Garden Co (MSG) today and set a price target of $362. The company’s shares closed last Monday at $267.33.
According to TipRanks.com, Miller is a 5-star analyst with an average return of 9.9% and a 55.2% success rate. Miller covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, AMC Entertainment, and MSG Networks Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Madison Square Garden Co with a $362 average price target.
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Madison Square Garden Co’s market cap is currently $6.35B and has a P/E ratio of 166.98. The company has a Price to Book ratio of 2.36.
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The Madison Square Garden Co. engages in the provision sports and entertainment business. Its sports franchises include the New York Knicks (Knicks), National Basketball Association (NBA), New York Rangers (Rangers), National Hockey League (NHL), New York Liberty (Liberty), Women’s National Basketball Association (WNBA), Hartford Wolf Pack of the American Hockey League (AHL), Westchester Knicks of the NBA G League (NBAGL), and Counter Logic Gaming (CLG). It operates through the following segments: Madison Square Garden (MSG) Entertainment, MSG Sports, and Corporate and Others. The MSG Entertainment segment features its live entertainment events, including concerts, family shows, performing arts and special events, which present or host in its diverse collection of venues. The MSG Sports segment promotes, produces, and presents a broad array of other live sporting events, such as professional boxing, college basketball, college hockey, professional bull riding, mixed martial arts, esports, tennis, and college wrestling. The company was founded on March 4, 2015 and is headquartered in New York, NY.
