In a report released today, Paul Golding from Macquarie maintained a Buy rating on Madison Square Garden Entertainment Corp. (MSGE – Research Report). The company’s shares closed today at $28.95.
Golding covers the Consumer Cyclical sector, focusing on stocks such as Planet Fitness, Carnival, and Royal Caribbean. According to TipRanks, Golding has an average return of -7.4% and a 32.26% success rate on recommended stocks.
Currently, the analyst consensus on Madison Square Garden Entertainment Corp. is a Strong Buy with an average price target of $40.67.
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Based on Madison Square Garden Entertainment Corp.’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $536.79 million. In comparison, last year the company had a GAAP net loss of $99.94 million
Based on the recent corporate insider activity of 16 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 MSGE in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Madison Square Garden Entertainment Corp. (MSGE) Company Description:
Sphere Entertainment Co is premier live entertainment and media company. The firm creates, writes, cast, produce, and tour major shows and events. The company’s portfolio includes Sphere, a next-generation entertainment medium to the world.
Read More on MSGE:
- MADISON SQUARE GARDEN ENTERTAINMENT CORP. REPORTS FISCAL 2024 FIRST QUARTER RESULTS
- Beyond Meat named first plant-based meat partner of Madison Square Garden
- Seaport media/entertainment analyst holds analyst/industry conference call
- MSG Entertainment 7.15M share Secondary priced at $32.50
- MSG Entertainment falls -7.1%
