News coverage about Madison Square Garden (NYSE:MSG) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Madison Square Garden earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 47.0987389736305 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:

Madison Square Garden (NYSE:MSG) traded up $0.14 during trading on Wednesday, reaching $246.99. 59,508 shares of the company’s stock were exchanged, compared to its average volume of 217,981. The firm has a market cap of $5,883.32, a price-to-earnings ratio of 77.87 and a beta of 0.49. Madison Square Garden has a 12 month low of $189.96 and a 12 month high of $254.50. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.93 and a current ratio of 1.93.

Madison Square Garden (NYSE:MSG) last announced its quarterly earnings data on Friday, February 2nd. The company reported $3.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.87 by $1.32. The business had revenue of $536.30 million for the quarter, compared to analyst estimates of $523.45 million. Madison Square Garden had a net margin of 5.21% and a negative return on equity of 1.00%. The company’s revenue was up 20.5% on a year-over-year basis. During the same period last year, the business earned $2.39 EPS. analysts predict that Madison Square Garden will post 0.75 EPS for the current year.

A number of research analysts have weighed in on the stock. ValuEngine downgraded shares of Madison Square Garden from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Morgan Stanley downgraded shares of Madison Square Garden from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $218.50 to $245.00 in a research report on Tuesday, December 5th. Zacks Investment Research raised shares of Madison Square Garden from a “hold” rating to a “buy” rating and set a $235.00 price objective for the company in a research note on Thursday, January 4th. Finally, TheStreet raised shares of Madison Square Garden from a “c” rating to a “b” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $223.63.

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About Madison Square Garden

The Madison Square Garden Company is a holding company, which is engaged in live experiences consisting of celebrated venues, sports teams, and entertainment productions. The Company operates in two segments, which include MSG Entertainment and MSG Sports. The MSG Sports segment includes the Company’s professional sports franchises, which include the New York Knicks (the Knicks) of the National Basketball Association (the NBA), the New York Rangers (the Rangers) of the National Hockey League (the NHL), the New York Liberty (the Liberty) of the Women’s National Basketball Association (the WNBA), the Hartford Wolf Pack of the American Hockey League (the AHL), which is the primary player development team for the Rangers, and the Westchester Knicks, an NBA Development League team.

Insider Buying and Selling by Quarter for Madison Square Garden (NYSE:MSG)

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