Madison Square Garden Entertainment (NYSE:MSGE – Get Rating) had its price objective decreased by Guggenheim from $96.00 to $85.00 in a research report released on Tuesday morning, The Fly reports. Guggenheim currently has a buy rating on the stock.
Other equities research analysts have also issued reports about the company. Wolfe Research lowered their price objective on Madison Square Garden Entertainment from $88.00 to $73.00 and set a peer perform rating for the company in a research note on Thursday, June 2nd. Morgan Stanley reduced their price target on Madison Square Garden Entertainment from $65.00 to $63.00 and set an underweight rating on the stock in a report on Wednesday, June 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of Hold and a consensus price target of $83.00.
Get Madison Square Garden Entertainment alerts:Madison Square Garden Entertainment Price Performance
NYSE:MSGE opened at $58.69 on Tuesday. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of -9.80 and a beta of 1.27. Madison Square Garden Entertainment has a 1 year low of $48.07 and a 1 year high of $85.60. The business has a 50 day simple moving average of $56.77 and a 200-day simple moving average of $67.82. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.51 and a quick ratio of 1.51.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. MBM Wealth Consultants LLC purchased a new position in Madison Square Garden Entertainment during the 1st quarter worth $28,000. Point72 Hong Kong Ltd purchased a new position in shares of Madison Square Garden Entertainment in the 1st quarter valued at $62,000. Eagle Bay Advisors LLC purchased a new position in shares of Madison Square Garden Entertainment in the 2nd quarter valued at $41,000. US Bancorp DE increased its holdings in shares of Madison Square Garden Entertainment by 94.5% in the 2nd quarter. US Bancorp DE now owns 1,299 shares of the company's stock valued at $68,000 after acquiring an additional 631 shares during the period. Finally, WASHINGTON TRUST Co purchased a new position in shares of Madison Square Garden Entertainment in the 1st quarter valued at $125,000. 73.12% of the stock is currently owned by hedge funds and other institutional investors.Madison Square Garden Entertainment Company Profile
(Get Rating)
Madison Square Garden Entertainment Corp. engages in the entertainment business. It produces, presents, or hosts various live entertainment events, including concerts, family shows, and special events, as well as sporting events, such as professional boxing, college basketball and hockey, professional bull riding, mixed martial arts, and esports and wrestling in its venues, including Madison Square Garden, Hulu Theater at Madison Square Garden, Radio City Music Hall and Beacon Theatre, and The Chicago Theatre.
Read More
- Get a free copy of the StockNews.com research report on Madison Square Garden Entertainment (MSGE)
- Are Ocugen or Amarin Good Penny Stocks to Buy?
- Are These 2 Fintechs A Buy After Q2 Earnings?
- Is Fisker Ready to Re-Emerge as the Tesla Killer?
- Chipotle is Cooking Up Another Run at $2,000
- Dick's Sporting Goods Lifted By Institutional Shift
Receive News & Ratings for Madison Square Garden Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Madison Square Garden Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.