Oppenheimer analyst Ian Zaffino maintained a Buy rating on Madison Square Garden Sports (MSGS) today and set a price target of $180.00. The company’s shares closed last Monday at $160.66.
According to TipRanks.com, Zaffino is a 3-star analyst with an average return of 0.3% and a 50.2% success rate. Zaffino covers the Services sector, focusing on stocks such as Madison Square Garden Entertainment, Servicemaster Global Holdings, and Wyndham Hotels & Resorts.
Madison Square Garden Sports has an analyst consensus of Moderate Buy, with a price target consensus of $326.00.
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The company has a one-year high of $316.40 and a one-year low of $161.15. Currently, Madison Square Garden Sports has an average volume of 340.5K.
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 MSGS in relation to earlier this year.
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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.
