Nexstar Media Group (NASDAQ:NXST)‘s stock had its “outperform” rating restated by equities research analysts at Wells Fargo & Co in a research note issued on Thursday, The Fly reports. They presently have a $102.00 target price on the stock, up from their prior target price of $93.00. Wells Fargo & Co’s price objective would indicate a potential upside of 34.92% from the company’s previous close.
Several other brokerages also recently issued reports on NXST. Noble Financial reissued a “buy” rating on shares of Nexstar Media Group in a research note on Thursday, December 21st. BidaskClub raised shares of Nexstar Media Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 22nd. B. Riley raised their price objective on shares of Nexstar Media Group from $79.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. Deutsche Bank raised their price objective on shares of Nexstar Media Group from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Finally, FBR & Co started coverage on shares of Nexstar Media Group in a research note on Tuesday, October 31st. They set a “buy” rating and a $79.00 price target for the company. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $83.70.
Nexstar Media Group (NXST) opened at $75.60 on Thursday. The company has a debt-to-equity ratio of 3.58, a current ratio of 1.35 and a quick ratio of 1.35. The company has a market capitalization of $3,508.59, a PE ratio of 28.42, a P/E/G ratio of 0.77 and a beta of 2.21. Nexstar Media Group has a 12-month low of $55.95 and a 12-month high of $80.45.
In other news, Director Lisbeth Mcnabb sold 5,000 shares of the business’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $79.61, for a total transaction of $398,050.00. Following the sale, the director now directly owns 5,000 shares of the company’s stock, valued at $398,050. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Perry A. Sook sold 300,000 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $66.13, for a total transaction of $19,839,000.00. The disclosure for this sale can be found here. Insiders sold 345,860 shares of company stock valued at $23,290,703 in the last three months. 7.80% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the business. Thompson Siegel & Walmsley LLC purchased a new stake in Nexstar Media Group in the second quarter valued at $125,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Nexstar Media Group by 98.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,817 shares of the company’s stock worth $127,000 after purchasing an additional 901 shares during the last quarter. Blueport Capital L.P. acquired a new position in shares of Nexstar Media Group during the 1st quarter worth about $140,000. BNP Paribas Arbitrage SA raised its position in shares of Nexstar Media Group by 110.3% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,454 shares of the company’s stock worth $142,000 after purchasing an additional 1,287 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. purchased a new stake in Nexstar Media Group during the 2nd quarter valued at about $145,000.
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About Nexstar Media 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.
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