Nexstar Media Group (NXST) Rating Increased to Sell at BidaskClub

Nexstar Media Group (NASDAQ:NXST) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Wednesday.

A number of other research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a report on Friday, February 16th. Guggenheim set a $88.00 price objective on shares of Nexstar Media Group and gave the company a “buy” rating in a report on Wednesday, February 14th. Noble Financial reiterated a “buy” rating on shares of Nexstar Media Group in a report on Wednesday, February 28th. Benchmark reiterated a “buy” rating and set a $94.00 price objective on shares of Nexstar Media Group in a report on Wednesday, February 14th. Finally, ValuEngine upgraded shares of Nexstar Media Group from a “sell” rating to a “hold” rating in a report on Tuesday, May 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $88.50.

Shares of NASDAQ NXST opened at $68.20 on Wednesday. The stock has a market cap of $3.07 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 1.37 and a beta of 1.73. Nexstar Media Group has a 1 year low of $66.80 and a 1 year high of $67.95. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 2.68.

Nexstar Media Group (NASDAQ:NXST) last issued its quarterly earnings data on Wednesday, May 9th. The company reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.11). The business had revenue of $615.34 million for the quarter, compared to analyst estimates of $612.37 million. Nexstar Media Group had a net margin of 20.63% and a return on equity of 15.56%. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.13 earnings per share. research analysts anticipate that Nexstar Media Group will post 8.2 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. AXA boosted its holdings in Nexstar Media Group by 89.2% during the fourth quarter. AXA now owns 146,557 shares of the company’s stock worth $11,461,000 after purchasing an additional 69,100 shares during the last quarter. Windacre Partnership LLC purchased a new position in Nexstar Media Group in the fourth quarter valued at about $58,595,000. Deprince Race & Zollo Inc. boosted its stake in Nexstar Media Group by 26.5% in the fourth quarter. Deprince Race & Zollo Inc. now owns 448,037 shares of the company’s stock valued at $35,036,000 after acquiring an additional 93,798 shares during the last quarter. Baird Financial Group Inc. boosted its stake in Nexstar Media Group by 12.8% in the fourth quarter. Baird Financial Group Inc. now owns 24,073 shares of the company’s stock valued at $1,883,000 after acquiring an additional 2,725 shares during the last quarter. Finally, Fondren Management LP purchased a new position in Nexstar Media Group in the fourth quarter valued at about $1,173,000.

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.

Analyst Recommendations for Nexstar Media Group (NASDAQ:NXST)

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