Nexstar Media Group (NXST) Price Target Raised to $105.00 at Stephens

Nexstar Media Group (NASDAQ:NXST) had its price target lifted by Stephens from $94.00 to $105.00 in a research note released on Tuesday, The Fly reports. Stephens currently has an overweight rating on the stock.

Other research analysts have also recently issued reports about the stock. BidaskClub raised shares of Nexstar Media Group from a hold rating to a buy rating in a research report on Saturday, August 18th. ValuEngine cut shares of Nexstar Media Group from a buy rating to a hold rating in a research report on Tuesday, October 2nd. Barrington Research reissued a buy rating on shares of Nexstar Media Group in a research report on Monday, December 3rd. Zacks Investment Research cut shares of Nexstar Media Group from a buy rating to a hold rating in a research report on Tuesday, November 20th. Finally, Gabelli assumed coverage on shares of Nexstar Media Group in a research report on Tuesday, November 27th. They set a buy rating for the company. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $95.80.

Shares of NASDAQ NXST opened at $85.30 on Tuesday. Nexstar Media Group has a 1 year low of $60.30 and a 1 year high of $89.75. The stock has a market cap of $3.95 billion, a P/E ratio of 13.06, a price-to-earnings-growth ratio of 1.03 and a beta of 1.75. 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 (NASDAQ:NXST) last issued its quarterly earnings results on Thursday, November 8th. The company reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15. Nexstar Media Group had a net margin of 23.45% and a return on equity of 19.12%. The company had revenue of $693.00 million during the quarter, compared to analysts’ expectations of $676.34 million. During the same period last year, the company posted $0.98 EPS. Nexstar Media Group’s revenue was up 13.3% on a year-over-year basis. As a group, research analysts forecast that Nexstar Media Group will post 8.41 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Friday, November 16th were issued a $0.375 dividend. The ex-dividend date of this dividend was Thursday, November 15th. This represents a $1.50 annualized dividend and a yield of 1.76%. Nexstar Media Group’s dividend payout ratio (DPR) is presently 37.69%.

In other Nexstar Media Group news, Director Lisbeth Mcnabb sold 1,400 shares of Nexstar Media Group stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $80.70, for a total value of $112,980.00. Following the completion of the transaction, the director now directly owns 1,725 shares of the company’s stock, valued at $139,207.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Keith P. Hopkins sold 1,625 shares of Nexstar Media Group stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $80.35, for a total transaction of $130,568.75. Following the completion of the transaction, the senior vice president now directly owns 3,125 shares of the company’s stock, valued at $251,093.75. The disclosure for this sale can be found here. Insiders sold 23,925 shares of company stock valued at $1,954,553 over the last ninety days. Corporate insiders own 6.40% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in Nexstar Media Group by 64.8% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,423 shares of the company’s stock worth $178,000 after buying an additional 953 shares during the last quarter. Engineers Gate Manager LP purchased a new position in Nexstar Media Group in the third quarter worth about $204,000. Parametrica Management Ltd purchased a new position in Nexstar Media Group in the third quarter worth about $205,000. Lowe Brockenbrough & Co. Inc. purchased a new position in Nexstar Media Group in the third quarter worth about $217,000. Finally, Creative Planning purchased a new position in Nexstar Media Group in the second quarter worth about $224,000.

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.

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The Fly

Analyst Recommendations for Nexstar Media Group (NASDAQ:NXST)

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