Guggenheim Says That Madison Square Garden (NASDAQ:MSG) Has $190 Stock Target

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Why Has Guggenheim Given Madison Square Garden (NASDAQ:MSG) a $190 Price Target

In a very recent research note announced on 11 December, Guggenheim analyst has today have initiated coverage for Madison Square Garden (NASDAQ:MSG) shares with a “Buy” rating. The price target is exactly $190.

From a total of 11 analysts covering Madison Square Garden (NASDAQ:MSG) stock, 6 rate it a ”Buy”, 0 a “Sell”, and 7 a ”Hold”. This means that 46% of the ratings are positive. The highest target price is $92 while the lowest target price is $19. The mean of all analyst targets is $36 with a 767.04% above today’s ($20.27) stock price. Madison Square Garden was the topic of 12 analyst reports since August 21, 2015 according to the firm StockzIntelligence Inc. Albert Fried downgraded shares on November 3 to “Market Perform” rating. BTIG Research initiated shares with “Buy” rating and $240 target share price in a report from an October 2. Topeka Capital Markets maintained MSG stock in a recent report from October 30 with “Buy” rating. Jefferies upgraded the rating on October 1. Jefferies has a “” rating and a $185 price target on shares. Finally, Cantor Fitzgerald initiated the stock with “Buy” rating in a report issued on an October 7.

Approximately 84,620 shares of stock traded hands. MSG Networks Inc (NASDAQ:MSG) has risen 6.00% since November 11, 2015 and is uptrending. It has outperformed by 9.02% the S&P500.

MSG Networks Inc., formerly The Madison Square Garden Company, is engaged in sports, entertainment and media business. The company has a market cap of $1.53 billion. The Company’s businesses include MSG Sports and MSG Entertainment. It has 8.31 P/E ratio. MSG Sports business includes sports business, which owns and operates the sports franchises, such as the New York Knicks of the National Basketball Association (the NBA) and the New York Rangers (the Rangers) of the National Hockey League (the NHL).

According to Zacks Investment Research, “The Madison Square Garden Company is involved in the sports, entertainment and media industries. The company’s business segment consists of MSG Sports, MSG Media and MSG Entertainment. MSG Sports is involved in live sporting events. MSG Sports owns and operates sports franchises include the New York Knicks, the New York Rangers, the New York Liberty, the Westchester Knicks and the Hartford Wolf Pack. MSG Media is involved in production and content development for multiple distribution platforms. MSG Entertainment creates, produces and presents live productions, hosts live entertainment events. The Madison Square Garden Company is based in New York, United States.” Get a free copy of the Zacks research report on MSG Networks Inc (MSGN).

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