The Madison Square Garden Company (MSG) Stock Is An 52-Week High Flier

May 17, 2018 - By Tina Thibodeau

The stock of The Madison Square Garden Company (NYSE:MSG) hit a new 52-week high and has $283.24 target or 6.00 % above today’s $267.21 share price. The 7 months bullish chart indicates low risk for the $6.32B company. The 1-year high was reported on May, 17 by Barchart.com. If the $283.24 price target is reached, the company will be worth $379.38M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.00% or $0.01 during the last trading session, reaching $267.21. About 80,024 shares traded. The Madison Square Garden Company (NYSE:MSG) has risen 23.03% since May 17, 2017 and is uptrending. It has outperformed by 11.48% the S&P500.

Analysts await The Madison Square Garden Company (NYSE:MSG) to report earnings on August, 16. They expect $-1.81 earnings per share, up 41.04 % or $1.26 from last year’s $-3.07 per share. After $0.38 actual earnings per share reported by The Madison Square Garden Company for the previous quarter, Wall Street now forecasts -576.32 % negative EPS growth.

More important recent The Madison Square Garden Company (NYSE:MSG) news were published by: Globenewswire.com which released: “MSG Networks Announces Launch of New eSports Series, “Knicks Gaming,” Profiling the Inaugural Season of New …” on May 02, 2018, also Globenewswire.com published article titled: “Boston Calling Music Festival Announces Its Set Times”, Investorplace.com published: “10 Sports Betting Stocks to Sink Your Teeth Into” on May 15, 2018. More interesting news about The Madison Square Garden Company (NYSE:MSG) was released by: Globenewswire.com and their article: “The Madison Square Garden Company to Host Fiscal 2018 Third Quarter Conference Call” with publication date: April 23, 2018.

The Madison Square Garden Company, through its subsidiaries, engages in sports and entertainment businesses in the United States. The company has market cap of $6.32 billion. The firm operates in two divisions, MSG Sports and MSG Entertainment. It has a 61.1 P/E ratio. The MSG Sports segment owns and operates professional sports franchises, as well as promotes, produces, and/or presents a range of other live sporting events, including professional boxing, college basketball, college hockey, professional bull riding, mixed martial arts, esports, tennis, and college wrestling.

The Madison Square Garden Company (NYSE:MSG) Ratings Chart

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