Madison Square Garden "We remain constructive but Neutral on MSG shares, as positive catalyst potential over the NT appears limited to the Knicks and Rangers' ability to advance to second round playoffs followed by a fairly quiet summertime closure of The Garden, thus limiting 2012E upside," Bank of America Merrill Lynch analysts wrote in an April 2 report. Shares of Madison Square Garden hit a 52-week high Wednesday of $35.49. The stock's 52-week low of $21.12 was set on Oct. 4. Madison Square Garden's forward P/E is 26.56; the average for recreation services companies is 15.59. For comparison, International Speedway ( ISCA) has a lower forward P/E of 14.28. Analysts were split on Madison Square Garden with five giving it a buy rating, another five rating it hold and one analyst giving Madison Square Garden a sell rating. TheStreet Ratings gives Madison Square Garden a C grade and hold rating. The stock has risen 24.04% year to date.