Nexstar Media Group (NASDAQ:NXST) has been given an average recommendation of “Buy” by the twelve research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $87.67.
Several equities research analysts have recently commented on NXST shares. Zacks Investment Research downgraded Nexstar Media Group from a “buy” rating to a “hold” rating in a report on Friday, February 16th. BidaskClub upgraded Nexstar Media Group from a “hold” rating to a “buy” rating in a report on Saturday, January 13th. Guggenheim set a $88.00 price objective on Nexstar Media Group and gave the company a “buy” rating in a report on Wednesday, February 14th. Royal Bank of Canada restated a “buy” rating and set a $95.00 price objective on shares of Nexstar Media Group in a report on Thursday, January 4th. Finally, Wells Fargo restated an “outperform” rating and set a $102.00 price objective (up previously from $93.00) on shares of Nexstar Media Group in a report on Thursday, January 4th.
Shares of NASDAQ NXST traded down $0.15 during midday trading on Wednesday, hitting $64.30. 372,758 shares of the stock traded hands, compared to its average volume of 609,972. The company has a market cap of $2,971.75, a price-to-earnings ratio of 16.13, a P/E/G ratio of 0.61 and a beta of 1.77. Nexstar Media Group has a one year low of $55.95 and a one year high of $82.95. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.70.
Large investors have recently made changes to their positions in the stock. Cerebellum GP LLC purchased a new position in shares of Nexstar Media Group during the fourth quarter valued at approximately $132,000. Advisor Group Inc. boosted its position in shares of Nexstar Media Group by 86.5% during the fourth quarter. Advisor Group Inc. now owns 2,331 shares of the company’s stock valued at $183,000 after buying an additional 1,081 shares during the last quarter. Zeke Capital Advisors LLC purchased a new position in shares of Nexstar Media Group during the fourth quarter valued at approximately $225,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Nexstar Media Group during the fourth quarter valued at approximately $237,000. Finally, Public Employees Retirement Association of Colorado purchased a new position in shares of Nexstar Media Group during the fourth quarter valued at approximately $287,000.
Nexstar Media Group Company Profile
Nexstar Media Group, Inc operates as a television broadcasting and digital media company in the United States. It focuses on the acquisition, development, and operation of television stations and interactive community Websites in medium-sized markets. The company offers free over-the-air programming to television viewing audiences.
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