Nexstar Media Group’s (NXST) Buy (B) Rating Reaffirmed at Weiss Ratings

Nexstar Media Group (NASDAQ:NXST)‘s stock had its “buy (b)” rating reaffirmed by analysts at Weiss Ratings in a note issued to investors on Saturday,Weiss Ratings reports.

NXST has been the topic of a number of other reports. Guggenheim raised their price target on shares of Nexstar Media Group from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. Benchmark lifted their target price on shares of Nexstar Media Group from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Zacks Research upgraded shares of Nexstar Media Group to a “hold” rating in a research report on Friday, August 8th. Wells Fargo & Company lifted their target price on shares of Nexstar Media Group from $206.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Finally, Barrington Research reiterated an “outperform” rating and set a $225.00 target price on shares of Nexstar Media Group in a research report on Tuesday, August 19th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Nexstar Media Group has an average rating of “Moderate Buy” and a consensus price target of $225.00.

Nexstar Media Group Trading Down 0.3%

NXST opened at $190.73 on Friday. The company’s 50 day moving average is $201.11 and its 200-day moving average is $182.34. Nexstar Media Group has a 1-year low of $141.66 and a 1-year high of $223.36. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 2.80. The company has a market cap of $5.78 billion, a P/E ratio of 9.90, a PEG ratio of 1.42 and a beta of 1.01.

Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings results on Thursday, August 7th. The company reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.95 by $0.11. Nexstar Media Group had a net margin of 11.90% and a return on equity of 28.40%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the company posted $3.54 EPS. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. Equities research analysts predict that Nexstar Media Group will post 21.62 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nexstar Media Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Caitlin John LLC purchased a new position in shares of Nexstar Media Group in the 2nd quarter worth about $263,000. Lynx Investment Advisory purchased a new position in shares of Nexstar Media Group in the 1st quarter worth about $311,000. D.A. Davidson & CO. purchased a new position in shares of Nexstar Media Group in the 1st quarter worth about $323,000. Wedge Capital Management L L P NC boosted its holdings in shares of Nexstar Media Group by 110.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 29,751 shares of the company’s stock worth $5,145,000 after buying an additional 15,628 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in Nexstar Media Group during the first quarter valued at about $219,000. 95.30% of the stock is owned by hedge funds and other institutional investors.

Nexstar Media Group Company Profile

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.