Madison Square Garden Co (MSG) Gets a Buy Rating from Oppenheimer


In a report released today, Ian Zaffino from Oppenheimer maintained a Buy rating on Madison Square Garden Co (MSG), with a price target of $365.00. The company’s shares closed last Monday at $224.00.

According to TipRanks.com, Zaffino is a 2-star analyst with an average return of -1.5% and a 49.2% success rate. Zaffino covers the Services sector, focusing on stocks such as Servicemaster Global Holdings, Wyndham Hotels & Resorts, and Wyndham Destinations.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Madison Square Garden Co with a $364.00 average price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $316.39 and a one-year low of $182.47. Currently, Madison Square Garden Co has an average volume of 238.2K.

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MSG in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts