Madison Square Garden Entertainment (NYSE:MSGE) Stock Price Target Raised at JPMorgan Chase & Co.

Madison Square Garden Entertainment (NYSE:MSGE) had its price target upped by JPMorgan Chase & Co. from $83.00 to $84.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 11.14% from the stock’s current price.

MSGE has been the topic of several other reports. Weiss Ratings restated a “hold (c)” rating on shares of Madison Square Garden Entertainment in a research report on Thursday, October 29th. Bank of America increased their price target on Madison Square Garden Entertainment from $80.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Wall Street Zen lowered Madison Square Garden Entertainment from a “buy” rating to a “hold” rating in a report on Saturday, October 31st. BTIG Research upped their price objective on shares of Madison Square Garden Entertainment from $86.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Finally, Piper Sandler began coverage on shares of Madison Square Garden Entertainment in a research report on Thursday, August 20th. They issued a “neutral” rating and a $86.00 target price for the company. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Madison Square Garden Entertainment has a consensus rating of “Hold” and an average target price of $90.50.

Madison Square Garden Entertainment Stock Performance

Shares of Madison Square Garden Entertainment stock traded down $3.15 during trading on Thursday, hitting $75.58. 519,463 shares of the stock were exchanged, compared to its average volume of 412,076. The company has a debt-to-equity ratio of 11.80, a quick ratio of 0.70 and a current ratio of 0.70. Madison Square Garden Entertainment has a 12 month low of $43.33 and a 12 month high of $90.41. The stock’s fifty day moving average is $79.20 and its 200 day moving average is $70.72. The stock has a market cap of $3.07 billion, a PE ratio of 54.77 and a beta of 0.56.

Madison Square Garden Entertainment (NYSE:MSGE) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.24. The company had revenue of $217.13 million for the quarter, compared to analyst estimates of $208.11 million. Madison Square Garden Entertainment had a net margin of 6.24% and a return on equity of 480.83%. Madison Square Garden Entertainment’s revenue was up 37.2% compared to the same quarter last year. During the same quarter last year, the business earned ($0.46) earnings per share. As a group, sell-side analysts anticipate that Madison Square Garden Entertainment will post 2.51 EPS for the current year.

Hedge Funds Weigh In On Madison Square Garden Entertainment

Hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its position in Madison Square Garden Entertainment by 4.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,655 shares of the company’s stock valued at $453,000 after acquiring an additional 227 shares in the last quarter. Ethic Inc. acquired a new position in shares of Madison Square Garden Entertainment during the 3rd quarter worth $223,000. Providence First Trust Co bought a new position in shares of Madison Square Garden Entertainment during the 3rd quarter valued at $308,000. Putney Financial Group LLC acquired a new stake in shares of Madison Square Garden Entertainment in the 3rd quarter valued at $69,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in shares of Madison Square Garden Entertainment by 444.0% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 13,600 shares of the company’s stock valued at $1,089,000 after purchasing an additional 11,100 shares during the last quarter. Institutional investors and hedge funds own 96.86% of the company’s stock.

Madison Square Garden Entertainment News Summary

Here are the key news stories impacting Madison Square Garden Entertainment this week:

• Positive Sentiment: Fiscal Q1 2027 revenue climbed 37.2% year over year to $217.1 million, topping analysts’ $208.1 million estimate. Earnings were $0.19 per share, versus consensus expectations for a loss, and improved from a $0.46-per-share loss a year earlier. Company fiscal Q1 results
• Positive Sentiment: The quarter featured a record number of concerts at Madison Square Garden Arena. Harry Styles was among the acts associated with the revenue surge, highlighting demand for the company’s live-event portfolio. Billboard article on Harry Styles and revenue
• Positive Sentiment: Management repurchased $25 million of Class A shares during the quarter, returning capital to shareholders. Motley Fool earnings takeaways
• Positive Sentiment: Susquehanna raised its price target to $93 from $92 and maintained a positive rating, signaling continued analyst optimism. Susquehanna recommendations
• Positive Sentiment: The company expects more than 1.2 million guests for its Christmas Spectacular and plans 231 performances in fiscal 2027, supporting its outlook for event-related activity. Christmas Spectacular plans

Madison Square Garden Entertainment Company Profile

Madison Square Garden Entertainment Corp. (NYSE: MSGE) is a live entertainment company that owns, operates and manages prominent entertainment venues and produces live events. Its portfolio includes Madison Square Garden, Radio City Music Hall, the Beacon Theatre and The Chicago Theatre, as well as the Hulu Theater at Madison Square Garden.

The company presents and promotes concerts, family entertainment, comedy shows, sporting events and other special events. It also produces the annual Christmas Spectacular Starring the Radio City Rockettes and supports a range of entertainment experiences through its venue operations, booking activities and event-related services.

Madison Square Garden Entertainment primarily serves audiences in the United States, with a concentration in New York City and Chicago.