Nexstar Media Group (NXST) Given Average Rating of “Buy” by Analysts

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.

How to Become a New Pot Stock Millionaire

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.



Nexstar Media Group (NASDAQ:NXST) last released its quarterly earnings data on Tuesday, February 27th. The company reported $1.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.23. The firm had revenue of $653.66 million during the quarter, compared to the consensus estimate of $645.98 million. Nexstar Media Group had a return on equity of 14.44% and a net margin of 19.53%. The company’s quarterly revenue was up 110.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.64 earnings per share. equities research analysts anticipate that Nexstar Media Group will post 8.49 earnings per share for the current year.

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.

ILLEGAL ACTIVITY WARNING: This article was first published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this article on another site, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this article can be viewed at https://stocknewstimes.com/2018/04/23/nexstar-media-group-nxst-given-average-rating-of-buy-by-analysts.html.

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.

Analyst Recommendations for Nexstar Media Group (NASDAQ:NXST)

Receive News & Ratings for Nexstar Media Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexstar Media Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply