Nexstar Broadcasting Group (NASDAQ:NXST) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

NXST has been the topic of several other reports. B. Riley restated a “buy” rating and set a $79.00 target price on shares of Nexstar Broadcasting Group in a research note on Wednesday, November 1st. Deutsche Bank initiated coverage on Nexstar Broadcasting Group in a research note on Friday, October 20th. They set a “buy” rating and a $80.00 target price on the stock. Zacks Investment Research upgraded Nexstar Broadcasting Group from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research note on Saturday, October 21st. Jefferies Group restated a “buy” rating and set a $80.00 target price on shares of Nexstar Broadcasting Group in a research note on Thursday, September 21st. Finally, Royal Bank Of Canada restated a “buy” rating and set a $81.00 target price on shares of Nexstar Broadcasting Group in a research note on Monday, September 18th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $82.00.

Shares of Nexstar Broadcasting Group (NXST) traded up $0.70 during trading hours on Thursday, hitting $71.90. The stock had a trading volume of 833,914 shares, compared to its average volume of 716,673. Nexstar Broadcasting Group has a twelve month low of $55.95 and a twelve month high of $73.90. The stock has a market cap of $3,280.00, a P/E ratio of 18.41, a PEG ratio of 1.58 and a beta of 2.20. The company has a debt-to-equity ratio of 3.58, a current ratio of 1.35 and a quick ratio of 1.35.

Nexstar Broadcasting Group (NASDAQ:NXST) last announced its quarterly earnings results on Monday, November 6th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.09. Nexstar Broadcasting Group had a return on equity of 16.20% and a net margin of 5.60%. The business had revenue of $611.87 million for the quarter, compared to the consensus estimate of $609.44 million. During the same period last year, the business posted $0.78 EPS. The business’s revenue was up 122.0% compared to the same quarter last year. sell-side analysts forecast that Nexstar Broadcasting Group will post 3.45 EPS for the current fiscal year.

In other Nexstar Broadcasting Group news, CEO Perry A. Sook sold 300,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $66.13, for a total transaction of $19,839,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John R. Muse sold 8,473 shares of the business’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $60.03, for a total value of $508,634.19. Following the sale, the director now owns 7,108 shares in the company, valued at approximately $426,693.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,275,917 shares of company stock worth $78,359,404. Company insiders own 7.80% of the company’s stock.

A number of institutional investors have recently bought and sold shares of NXST. Rovida Advisors Inc. lifted its holdings in shares of Nexstar Broadcasting Group by 940.8% in the 3rd quarter. Rovida Advisors Inc. now owns 506,743 shares of the company’s stock valued at $31,570,000 after buying an additional 458,055 shares during the period. Royal Bank of Canada lifted its holdings in shares of Nexstar Broadcasting Group by 62.0% in the 2nd quarter. Royal Bank of Canada now owns 1,071,694 shares of the company’s stock valued at $64,089,000 after buying an additional 410,332 shares during the period. Deprince Race & Zollo Inc. acquired a new position in shares of Nexstar Broadcasting Group in the 3rd quarter valued at about $22,069,000. Beach Point Capital Management LP acquired a new position in shares of Nexstar Broadcasting Group in the 2nd quarter valued at about $19,587,000. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Nexstar Broadcasting Group by 24.7% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,538,285 shares of the company’s stock valued at $95,834,000 after buying an additional 304,610 shares during the period.

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About Nexstar Broadcasting Group

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 Broadcasting Group (NASDAQ:NXST)

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