MSG Entertainment (NASDAQ:MSGE) Coverage Initiated at Jefferies Financial Group

Investment analysts at Jefferies Financial Group initiated coverage on shares of MSG Entertainment (NASDAQ:MSGE) in a note issued to investors on Monday, MarketBeat reports. The brokerage set a “buy” rating and a $100.00 price target on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 33.16% from the stock’s previous close.

A number of other brokerages also recently issued reports on MSGE. Wolfe Research initiated coverage on MSG Entertainment in a research report on Thursday, June 25th. They set an “outperform” rating and a $118.00 price objective on the stock. Guggenheim initiated coverage on MSG Entertainment in a research report on Wednesday, June 17th. They set a “buy” rating and a $116.00 price objective on the stock. Macquarie initiated coverage on MSG Entertainment in a research report on Tuesday, April 28th. They set an “outperform” rating and a $115.00 price objective on the stock. Gabelli began coverage on MSG Entertainment in a research report on Monday, April 27th. They set a “buy” rating on the stock. Finally, Oppenheimer began coverage on MSG Entertainment in a report on Monday, April 20th. They issued an “outperform” rating and a $105.00 price target on the stock. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $106.83.

Shares of MSG Entertainment stock opened at $75.10 on Monday. The company’s 50 day moving average price is $77.18. MSG Entertainment has a 12 month low of $58.67 and a 12 month high of $172.47.

MSG Entertainment (NASDAQ:MSGE) last issued its quarterly earnings data on Monday, May 18th. The company reported ($5.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($4.15) by ($1.21). The business had revenue of $199.90 million during the quarter, compared to analyst estimates of $36.95 million. The company’s quarterly revenue was down 20.0% compared to the same quarter last year.

In other news, SVP Joseph F. Yospe sold 6,450 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $76.39, for a total value of $492,715.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

MSG Entertainment Company Profile

There is no company description available for Madison Square Garden Entertainment Corp.

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Analyst Recommendations for MSG Entertainment (NASDAQ:MSGE)

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