Nexstar Broadcasting Group, Inc. (NXST) Given Average Recommendation of “Buy” by Analysts
Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) has received a consensus rating of “Buy” from the twelve research firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $83.67.
A number of research analysts recently issued reports on the stock. BidaskClub cut shares of Nexstar Broadcasting Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. ValuEngine cut shares of Nexstar Broadcasting Group from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of Nexstar Broadcasting Group from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a research report on Wednesday, September 13th. Royal Bank of Canada reissued a “buy” rating and set a $81.00 price target on shares of Nexstar Broadcasting Group in a research report on Monday, September 18th. Finally, Jefferies Group reissued a “buy” rating and set a $80.00 price target on shares of Nexstar Broadcasting Group in a research report on Thursday, September 21st.
In other Nexstar Broadcasting Group news, Director John R. Muse sold 8,473 shares of Nexstar Broadcasting Group 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 completion of the transaction, the director now directly owns 7,108 shares of the company’s stock, valued at $426,693.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John R. Muse sold 229,267 shares of Nexstar Broadcasting Group stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $59.50, for a total transaction of $13,641,386.50. Following the completion of the transaction, the director now directly owns 4,743 shares of the company’s stock, valued at $282,208.50. The disclosure for this sale can be found here. Insiders sold 1,275,917 shares of company stock valued at $78,359,404 over the last ninety days. Corporate insiders own 7.80% of the company’s stock.
Shares of Nexstar Broadcasting Group (NXST) opened at $72.45 on Thursday. The firm has a market cap of $3,287.60, a PE ratio of 18.94, a PEG ratio of 1.62 and a beta of 2.21. 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 Broadcasting Group has a 52 week low of $55.95 and a 52 week high of $73.90.
Nexstar Broadcasting Group (NASDAQ:NXST) last announced its earnings results on Monday, November 6th. The company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.09. The firm had revenue of $611.87 million for the quarter, compared to analyst estimates of $609.44 million. Nexstar Broadcasting 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.78 EPS. sell-side analysts forecast that Nexstar Broadcasting Group will post 3.45 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $1.20 annualized dividend and a yield of 1.66%. Nexstar Broadcasting Group’s dividend payout ratio (DPR) is presently 45.11%.
TRADEMARK VIOLATION WARNING: This article was originally published by American Banking News and is the property of of American Banking News. If you are viewing this article on another publication, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this article can be read at https://www.americanbankingnews.com/2017/12/14/nexstar-broadcasting-group-inc-nxst-given-average-recommendation-of-buy-by-analysts.html.
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.
Receive News & Ratings for Nexstar Broadcasting Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexstar Broadcasting Group and related companies with MarketBeat.com's FREE daily email newsletter.