Nexstar Media Group (NASDAQ:NXST - Get Free Report) was upgraded by equities research analysts at Loop Capital from a "hold" rating to a "buy" rating in a report released on Friday, MarketBeat Ratings reports. The brokerage currently has a $200.00 target price on the stock, up from their prior target price of $190.00. Loop Capital's target price would indicate a potential upside of 17.82% from the stock's current price.
A number of other analysts also recently issued reports on the company. Benchmark reaffirmed a "buy" rating and issued a $215.00 price objective on shares of Nexstar Media Group in a research note on Friday, November 8th. Guggenheim restated a "buy" rating on shares of Nexstar Media Group in a research report on Wednesday, January 22nd. Barrington Research restated an "outperform" rating and set a $200.00 target price on shares of Nexstar Media Group in a research report on Thursday, February 27th. Finally, StockNews.com raised Nexstar Media Group from a "hold" rating to a "buy" rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $210.29.
Check Out Our Latest Stock Analysis on Nexstar Media Group
Nexstar Media Group Price Performance
NXST traded down $3.21 during trading on Friday, hitting $169.75. 621,012 shares of the company traded hands, compared to its average volume of 357,847. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.98. The company has a market cap of $5.27 billion, a PE ratio of 9.82, a P/E/G ratio of 0.45 and a beta of 1.45. The stock's 50-day simple moving average is $155.59 and its two-hundred day simple moving average is $163.55. Nexstar Media Group has a 1 year low of $146.04 and a 1 year high of $191.86.
Nexstar Media Group (NASDAQ:NXST - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $7.56 earnings per share for the quarter, missing analysts' consensus estimates of $9.22 by ($1.66). Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The firm had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.48 billion. As a group, sell-side analysts anticipate that Nexstar Media Group will post 21.62 earnings per share for the current fiscal year.
Insider Activity at Nexstar Media Group
In other news, CEO Perry A. Sook sold 35,205 shares of the firm's stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $162.13, for a total transaction of $5,707,786.65. Following the transaction, the chief executive officer now owns 674,694 shares in the company, valued at approximately $109,388,138.22. This trade represents a 4.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Bernadette S. Aulestia sold 500 shares of the company's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $164.45, for a total transaction of $82,225.00. Following the completion of the sale, the director now directly owns 2,000 shares of the company's stock, valued at approximately $328,900. This trade represents a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 127,493 shares of company stock worth $20,354,366. Company insiders own 6.30% of the company's stock.
Institutional Investors Weigh In On Nexstar Media Group
Several large investors have recently modified their holdings of the business. Brooklyn Investment Group purchased a new position in Nexstar Media Group during the third quarter valued at approximately $25,000. SBI Securities Co. Ltd. bought a new stake in Nexstar Media Group during the 4th quarter valued at $25,000. True Wealth Design LLC purchased a new position in shares of Nexstar Media Group in the 3rd quarter valued at $30,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Nexstar Media Group in the 3rd quarter valued at $33,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Nexstar Media Group in the 3rd quarter worth $44,000. Institutional investors own 95.30% of the company's stock.
About Nexstar Media Group
(
Get Free Report)
Nexstar Media Group, Inc operates as a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to various markets; and offers television programming services.
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