Favorable Press Coverage Somewhat Unlikely to Affect Nexstar Broadcasting Group (NXST) Stock Price

Press coverage about Nexstar Broadcasting Group (NASDAQ:NXST) has been trending positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Nexstar Broadcasting Group earned a media sentiment score of 0.36 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.9080047932043 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:

Nexstar Broadcasting Group (NASDAQ NXST) traded down 0.86% on Friday, reaching $63.40. 551,998 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $60.72 and a 200-day moving average price of $61.78. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 26.08 and a beta of 2.22. Nexstar Broadcasting Group has a 52 week low of $47.00 and a 52 week high of $73.90.

Nexstar Broadcasting Group (NASDAQ:NXST) last issued its earnings results on Tuesday, August 8th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.01. Nexstar Broadcasting Group had a return on equity of 18.35% and a net margin of 5.44%. The business had revenue of $626.11 million during the quarter, compared to the consensus estimate of $608.23 million. During the same period last year, the company earned $0.78 EPS. The company’s revenue for the quarter was up 139.0% on a year-over-year basis. On average, analysts predict that Nexstar Broadcasting Group will post $3.38 earnings per share for the current year.

Several research analysts have commented on NXST shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $83.00 price objective on shares of Nexstar Broadcasting Group in a research note on Thursday, July 6th. Zacks Investment Research lowered shares of Nexstar Broadcasting Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $85.00 price objective on shares of Nexstar Broadcasting Group in a research note on Friday, July 14th. BidaskClub lowered shares of Nexstar Broadcasting Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, ValuEngine lowered shares of Nexstar Broadcasting Group from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Nexstar Broadcasting Group has an average rating of “Buy” and an average target price of $80.22.

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In other Nexstar Broadcasting Group news, CFO Thomas Carter sold 3,125 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $63.50, for a total value of $198,437.50. Following the completion of the sale, the chief financial officer now directly owns 67,836 shares of the company’s stock, valued at approximately $4,307,586. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dennis Miller sold 4,500 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $63.49, for a total value of $285,705.00. The disclosure for this sale can be found here. Insiders sold a total of 977,732 shares of company stock valued at $58,618,210 over the last ninety days. Corporate insiders own 7.80% of the company’s stock.

Nexstar Broadcasting Group Company Profile

Nexstar Media Group, Inc, formerly Nexstar Broadcasting Group, Inc, is a television broadcasting and digital media company. The Company is focused on the acquisition, development and operation of television stations and interactive community Websites, and digital media services in medium-sized markets in the United States.

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