Nexstar Media Group (NXST) Stock Rating Upgraded by BidaskClub

Nexstar Media Group (NASDAQ:NXST) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Friday.

Several other research firms have also issued reports on NXST. Zacks Investment Research lowered shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. ValuEngine lowered shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Noble Financial reiterated a “buy” rating on shares of Nexstar Media Group in a report on Thursday. FBR & Co started coverage on shares of Nexstar Media Group in a report on Tuesday, October 31st. They issued a “buy” rating and a $79.00 target price on the stock. Finally, Deutsche Bank lifted their target price on shares of Nexstar Media Group from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Nexstar Media Group presently has a consensus rating of “Buy” and an average price target of $82.00.

Shares of Nexstar Media Group (NASDAQ:NXST) opened at $78.75 on Friday. The stock has a market cap of $3,550.00, a price-to-earnings ratio of 29.49, a price-to-earnings-growth ratio of 1.79 and a beta of 2.20. Nexstar Media Group has a 52 week low of $55.95 and a 52 week high of $80.05. The company has a debt-to-equity ratio of 3.58, a quick ratio of 1.35 and a current ratio of 1.35.

Nexstar Media Group (NASDAQ:NXST) last issued its earnings results on Monday, November 6th. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.09. The company had revenue of $611.87 million during the quarter, compared to analyst estimates of $609.44 million. Nexstar Media Group had a net margin of 5.60% and a return on equity of 16.20%. The company’s revenue for the quarter was up 122.0% on a year-over-year basis. During the same quarter last year, the business posted $0.78 EPS. equities research analysts expect that Nexstar Media Group will post 3.45 earnings per share for the current fiscal year.

In related news, EVP Elizabeth Ryder sold 3,000 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $65.87, for a total value of $197,610.00. Following the sale, the executive vice president now owns 5,210 shares of the company’s stock, valued at $343,182.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Gary Michael Vaughn sold 5,050 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $61.35, for a total transaction of $309,817.50. Following the completion of the sale, the insider now directly owns 10,000 shares in the company, valued at approximately $613,500. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 952,100 shares of company stock worth $59,073,677. Insiders own 7.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of NXST. Alps Advisors Inc. boosted its position in Nexstar Media Group by 0.3% in the second quarter. Alps Advisors Inc. now owns 6,826 shares of the company’s stock valued at $408,000 after buying an additional 18 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Nexstar Media Group by 2.8% during the second quarter. Teacher Retirement System of Texas now owns 3,584 shares of the company’s stock worth $214,000 after purchasing an additional 99 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of Nexstar Media Group by 0.6% during the second quarter. UBS Asset Management Americas Inc. now owns 23,312 shares of the company’s stock worth $1,394,000 after purchasing an additional 131 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Nexstar Media Group by 8.5% during the second quarter. Ameritas Investment Partners Inc. now owns 3,990 shares of the company’s stock worth $239,000 after purchasing an additional 312 shares in the last quarter. Finally, Amalgamated Bank lifted its position in shares of Nexstar Media Group by 10.8% during the second quarter. Amalgamated Bank now owns 5,951 shares of the company’s stock worth $356,000 after purchasing an additional 582 shares in the last quarter.

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Nexstar Media 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.

Analyst Recommendations for Nexstar Media Group (NASDAQ:NXST)

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