Madison Square Garden stock was upgraded by Stifel analysts from a “Hold” rating to a “Buy” rating. The firm also sent a new price target for the stock of $190. It’s shares closed at $68.78 on Monday, reports Money Flow Index.
Madison Square Garden shares were up more than 6% in the last 52 weeks. The one year high for the stock was $87.27 as of March 30, 2015 and its low was $58.56 on October 15, 2014. It’s market cap is $4,280 million and it has 62.2 million outstanding shares, Money Flow Index notes.
The one year target price for set by analysts is $94.20. Earnings per share for the current year are set at $2.32 and next year’s EPS is expected to be $2.50, reports Vanguard Tribune.
MSG shares were up 4% as of Wednesday afternoon.