Nexstar Media Group (NASDAQ:NXST) had its target price lifted by Royal Bank of Canada to $112.00 in a research report released on Friday morning, The Fly reports. They currently have an outperform rating on the stock.
Other analysts have also recently issued reports about the stock. Gabelli started coverage on shares of Nexstar Media Group in a research note on Tuesday, November 27th. They set a buy rating for the company. Zacks Investment Research raised shares of Nexstar Media Group from a hold rating to a buy rating and set a $90.00 price objective for the company in a research note on Saturday, November 17th. BidaskClub raised shares of Nexstar Media Group from a hold rating to a buy rating in a research note on Thursday, November 15th. Benchmark reissued a buy rating and set a $115.00 price objective (up from $96.00) on shares of Nexstar Media Group in a research note on Tuesday, December 4th. Finally, Barrington Research reissued a buy rating on shares of Nexstar Media Group in a research note on Monday, December 3rd. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $102.89.
Shares of Nexstar Media Group stock opened at $84.19 on Friday. The company has a debt-to-equity ratio of 2.34, a current ratio of 2.09 and a quick ratio of 2.09. Nexstar Media Group has a 1 year low of $60.30 and a 1 year high of $89.75. The company has a market cap of $3.78 billion, a P/E ratio of 21.15, a P/E/G ratio of 1.22 and a beta of 1.54.
Nexstar Media Group (NASDAQ:NXST) last issued its quarterly earnings data on Thursday, November 8th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.97 by $0.15. Nexstar Media Group had a return on equity of 19.12% and a net margin of 23.45%. The firm had revenue of $693.00 million during the quarter, compared to the consensus estimate of $676.34 million. During the same period in the previous year, the firm posted $0.98 EPS. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. On average, analysts forecast that Nexstar Media Group will post 8.42 EPS for the current fiscal year.
In related news, Director Jay M. Grossman sold 3,125 shares of the company’s stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $80.66, for a total transaction of $252,062.50. Following the completion of the sale, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $4,033,000. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.40% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of NXST. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of Nexstar Media Group by 64.8% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,423 shares of the company’s stock valued at $178,000 after purchasing an additional 953 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Nexstar Media Group in the 3rd quarter valued at about $204,000. Parametrica Management Ltd acquired a new stake in shares of Nexstar Media Group in the 3rd quarter valued at about $205,000. Lowe Brockenbrough & Co. Inc. acquired a new stake in shares of Nexstar Media Group in the 3rd quarter valued at about $217,000. Finally, First Hawaiian Bank acquired a new stake in shares of Nexstar Media Group in the 4th quarter valued at about $219,000.
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.
Further Reading: How to calculate the intrinsic value of a stock
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.