News coverage about Nexstar Media Group (NASDAQ:NXST) has trended somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Nexstar Media Group earned a news impact score of 0.17 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.7093870267484 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- 3 Days Left Before Nexstar Media Group Inc (NASDAQ:NXST) Will Start Trading Ex-Dividend, Is It Worth Buying? (finance.yahoo.com)
- Nexstar Media Group Inc (NXST) Expected to Announce Quarterly Sales of $645.35 Million (americanbankingnews.com)
- Nexstar Media Group (NXST) Upgraded to Buy by Zacks Investment Research (americanbankingnews.com)
- Nexstar Media Group Inc (NXST) Announces Quarterly Dividend of $0.38 (americanbankingnews.com)
Shares of Nexstar Media Group (NASDAQ:NXST) traded down $0.30 on Friday, reaching $71.05. The company’s stock had a trading volume of 758,082 shares, compared to its average volume of 514,231. The company has a market cap of $3,237.46, a price-to-earnings ratio of 26.71, a P/E/G ratio of 0.68 and a beta of 1.83. The company has a debt-to-equity ratio of 3.58, a current ratio of 1.35 and a quick ratio of 1.35. Nexstar Media Group has a 1 year low of $55.95 and a 1 year high of $82.95.
NXST has been the subject of a number of recent analyst reports. B. Riley reissued a “buy” rating and set a $79.00 price target on shares of Nexstar Media Group in a research report on Wednesday, November 1st. Deutsche Bank initiated coverage on Nexstar Media Group in a research note on Friday, October 20th. They set a “buy” rating and a $80.00 price target on the stock. Wells Fargo & Co reaffirmed an “outperform” rating and set a $102.00 price target (up from $93.00) on shares of Nexstar Media Group in a research note on Thursday, January 4th. BidaskClub downgraded Nexstar Media Group from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. Finally, Zacks Investment Research raised Nexstar Media Group from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a report on Saturday, October 21st. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $86.60.
In other news, Director Lisbeth Mcnabb sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $79.61, for a total value of $398,050.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $398,050. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Blake Russell sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $78.31, for a total value of $1,566,200.00. Following the completion of the transaction, the senior vice president now directly owns 42,861 shares of the company’s stock, valued at $3,356,444.91. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,610 shares of company stock valued at $3,129,294. 7.80% of the stock is currently owned by corporate insiders.
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About Nexstar Media Group
Nexstar Media Group, Inc, formerly Nexstar Broadcasting Group, Inc, is a television broadcasting and digital media company. The Company is focused on the acquisition, development and operation of television stations and interactive community Websites, and digital media services in medium-sized markets in the United States.
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