Weekly Analyst Ratings Updates for Nexstar Media Group (NXST)


Several brokerages have updated their stock price recommendations and targets. Nexstar Media Group (NASDAQ: NXST) over the past few weeks:

  • 04/19/2022 – Nexstar Media Group is now covered by analysts at Rosenblatt Securities. They set a “neutral” rating and a price target of $180.00 on the stock.
  • 04/19/2022 – Nexstar Media Group has been downgraded by StockNews.com analysts from a “buy” rating to a “hold” rating.
  • 4/11/2022 – Nexstar Media Group has been upgraded by StockNews.com analysts from a “hold” rating to a “buy” rating.
  • 3/31/2022 – Nexstar Media Group is now covered by StockNews.com analysts. They have placed a “holding” rating on the stock.
  • 08/03/2022 – Nexstar Media Group has been upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Nexstar Broadcasting Group owns, operates, programs, or provides sales and other services to television stations in the states of Illinois, Indiana, Maryland, Missouri, Montana, Texas , Pennsylvania, Louisiana, Arkansas, Alabama and New York. Nexstar’s group of television stations includes affiliates of NBC, CBS, ABC, FOX and UPN. “
  • 03/01/2022 – Nexstar Media Group has had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $187.00 to $216.00. They now have a “buy” rating on the stock.
  • 02/26/2022 – Nexstar Media Group has been downgraded by analysts at Zacks Investment Research from a ‘hold’ rating to a ‘sell’ rating. According to Zacks, “Nexstar Broadcasting Group owns, operates, programs, or provides sales and other services to television stations in the states of Illinois, Indiana, Maryland, Missouri, Montana, Texas , Pennsylvania, Louisiana, Arkansas, Alabama and New York. Nexstar’s group of television stations includes affiliates of NBC, CBS, ABC, FOX and UPN. “
  • 02/23/2022 – Nexstar Media Group has had its price target raised by analysts at Benchmark Co. from $200.00 to $225.00. They now have a “buy” rating on the stock.
  • 02/23/2022 – Nexstar Media Group has had its price target raised by analysts at Barrington Research from $200.00 to $215.00.
  • 02/23/2022 – Nexstar Media Group has had its price target raised by Wells Fargo & Company analysts from $186.00 to $208.00.

NASDAQ: NXST was down $1.83 during Thursday trading hours, hitting $170.04. The stock had a trading volume of 235,003 shares, compared to an average volume of 408,154. Nexstar Media Group, Inc. has a 1-year low of $135.87 and a 1-year high of 192.84 $. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt ratio of 2.58. The company has a market capitalization of $6.97 billion, a PE ratio of 8.94, a growth price-earnings ratio of 0.69 and a beta of 1.51. The company has a 50-day simple moving average of $180.72 and a two-hundred-day simple moving average of $166.14.

Nexstar Media Group (NASDAQ:NXST – Get Rating) last reported results on Tuesday, February 22. The company reported earnings per share (EPS) of $6.19 for the quarter, beating consensus analyst estimates of $4.87 from $1.32. The company posted revenue of $1.25 billion for the quarter, versus $1.23 billion for analysts. Nexstar Media Group achieved a return on equity of 31.18% and a net margin of 17.95%. The company’s quarterly revenue was down 9.5% from the same quarter last year. During the same period last year, the company posted earnings per share of $7.97. Research analysts expect Nexstar Media Group, Inc. to post EPS of 24.58 for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, February 28. Investors of record on Friday, February 11 received a dividend of $0.90 per share. This is a positive change from Nexstar Media Group’s previous quarterly dividend of $0.70. This represents a dividend of $3.60 on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Thursday, 10th February. Nexstar Media Group’s payout ratio is currently 18.93%.

Separately, director John R. Muse sold 10,775 shares of Nexstar Media Group in a transaction dated Tuesday, March 29. The stock was sold at an average price of $186.92, for a total transaction of $2,014,063.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available via this link. Additionally, director Charles Thomas Mcmillen sold 500 shares of the company in a trade that took place on Wednesday, March 2. The stock was sold at an average price of $190.00, for a total value of $95,000.00. The disclosure of this sale can be found here. In the past ninety days, insiders have sold 53,166 shares of the company worth $9,667,457. 6.90% of the share capital is held by insiders.

A number of hedge funds and other institutional investors have recently changed their holdings in the company. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Nexstar Media Group by 2,081.5% during the third quarter. Ontario Pension Plan Fund Health now owns 10,166 shares of at $1,545,000 stock value in the company after purchasing an additional 9,700 shares during the period. Front Barnett Associates LLC purchased a new stake in Nexstar Media Group during Q3 for approximately $1,086,000. UBS Asset Management Americas Inc. increased its stake in Nexstar Media Group shares by 1.4% in the third quarter. UBS Asset Management Americas Inc. now owns 77,384 shares of the company’s stock worth $11,759,000 after purchasing an additional 1,076 shares last quarter. Geneos Wealth Management Inc. increased its stake in Nexstar Media Group by 87.4% during the 3rd quarter. Geneos Wealth Management Inc. now owns 356 shares of the company worth $54,000 after acquiring 166 additional shares in the last quarter. Finally, DA Davidson & CO. increased its stake in Nexstar Media Group by 2.5% during the 4th quarter. DA Davidson & CO. now owns 20,161 shares of the company worth $3,044,000 after purchasing an additional 484 shares during the period. 94.46% of the stock is currently held by institutional investors.

Nexstar Media Group, Inc., a television broadcasting and digital media company, focuses on the acquisition, development and operation of television stations and interactive community sites and digital media services in the United States . The company offers free programming to an audience of viewers.

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