Madison Square Garden Entertainment Corp. (NYSE:MSGE) Receives Consensus Recommendation of "Hold" from Brokerages

Madison Square Garden Entertainment Corp. (NYSE:MSGE - Get Free Report) has received a consensus recommendation of "Hold" from the seven analysts that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $49.1667.A number of equities research analysts recently commented on MSGE shares. Weiss Ratings reissued a "hold (c)" rating on shares of Madison Square Garden Entertainment in a research report on Monday. Susquehanna upped their target price on shares of Madison Square Garden Entertainment from $51.00 to $61.00 and gave the stock a "positive" rating in a research note on Thursday, December 11th. JPMorgan Chase & Co. raised their price target on shares of Madison Square Garden Entertainment from $41.00 to $47.00 and gave the company a "neutral" rating in a research report on Friday, November 7th. Wall Street Zen raised shares of Madison Square Garden Entertainment from a "hold" rating to a "buy" rating in a research report on Saturday, December 6th. Finally, The Goldman Sachs Group lifted their target price on shares of Madison Square Garden Entertainment from $42.00 to $52.00 and gave the stock a "buy" rating in a research report on Wednesday, October 1st.Check Out Our Latest Stock Report on MSGEInstitutional Inflows and OutflowsSeveral hedge funds and other institutional investors have recently bought and sold shares of the business. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Madison Square Garden Entertainment during the 1st quarter valued at $40,000. CWM LLC increased its holdings in Madison Square Garden Entertainment by 623.8% during the second quarter. CWM LLC now owns 1,035 shares of the company's stock worth $41,000 after buying an additional 892 shares during the last quarter. Cullen Frost Bankers Inc. raised its position in Madison Square Garden Entertainment by 163.0% in the second quarter. Cullen Frost Bankers Inc. now owns 1,086 shares of the company's stock worth $43,000 after acquiring an additional 673 shares during the period. State of Alaska Department of Revenue purchased a new position in Madison Square Garden Entertainment in the third quarter valued at about $59,000. Finally, State of Wyoming bought a new position in shares of Madison Square Garden Entertainment during the 2nd quarter valued at approximately $62,000. Hedge funds and other institutional investors own 96.86% of the company's stock. Madison Square Garden Entertainment Trading Up 0.8%MSGE opened at $51.95 on Friday. Madison Square Garden Entertainment has a fifty-two week low of $28.29 and a fifty-two week high of $55.75. The firm has a market capitalization of $2.10 billion, a PE ratio of 74.22 and a beta of 0.43. The company has a debt-to-equity ratio of 60.61, a current ratio of 0.48 and a quick ratio of 0.48. The company's 50-day moving average is $47.67 and its 200 day moving average is $42.85. Madison Square Garden Entertainment (NYSE:MSGE - Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.46) EPS for the quarter, topping analysts' consensus estimates of ($0.59) by $0.13. Madison Square Garden Entertainment had a negative return on equity of 310.15% and a net margin of 3.65%.The firm had revenue of $158.26 million during the quarter, compared to analyst estimates of $156.62 million. During the same period in the previous year, the company posted ($0.40) EPS. The company's revenue for the quarter was up 14.1% on a year-over-year basis. As a group, research analysts predict that Madison Square Garden Entertainment will post 1.04 earnings per share for the current fiscal year. About Madison Square Garden Entertainment (Get Free Report)Madison Square Garden Entertainment Corp. engages in the provision of entertainment services. Its portfolio of venues includes The Garden, Radio City Music Hall, the Beacon Theatre, The Theater at Madison Square, and The Chicago Theatre. The company was founded in 1879 and is headquartered in New York, NY.Recommended StoriesFive stocks we like better than Madison Square Garden EntertainmentLarge Cap Stock Definition and How to InvestBroadcom Stock Crashes 20%—But Wall Street Sees It Soaring to $500Where to Find Earnings Call TranscriptsForget the Chips: 4 Industrial Plays for the AI ReboundWhat Are Earnings Reports?MongoDB Could Hit Record Highs—But You’ll Need to Move FastThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Madison Square Garden Entertainment Right Now?Before you consider Madison Square Garden Entertainment, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Madison Square Garden Entertainment wasn't on the list.While Madison Square Garden Entertainment currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here