Recent Investment Analysts’ Ratings Updates for Nexstar Media Group (NXST)

Nexstar Media Group (NASDAQ: NXST) has recently received a number of price target changes and ratings updates:

  • 9/6/2018 – Nexstar Media Group had its price target raised by analysts at B. Riley from $87.00 to $92.00. They now have a “buy” rating on the stock.
  • 9/5/2018 – Nexstar Media Group was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/30/2018 – Nexstar Media Group was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/22/2018 – Nexstar Media Group was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 8/20/2018 – Nexstar Media Group was downgraded by analysts at Noble Financial from a “buy” rating to a “hold” rating.
  • 8/18/2018 – Nexstar Media Group was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/9/2018 – Nexstar Media Group was given a new $94.00 price target on by analysts at Stephens. They now have a “buy” rating on the stock.
  • 7/31/2018 – Nexstar Media Group is now covered by analysts at Evercore ISI. They set an “in-line” rating and a $87.00 price target on the stock.
  • 7/24/2018 – Nexstar Media Group had its “buy” rating reaffirmed by analysts at Jefferies Financial Group Inc. They now have a $87.00 price target on the stock.
  • 7/19/2018 – Nexstar Media Group was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/18/2018 – Nexstar Media Group was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

NASDAQ NXST traded up $0.65 on Wednesday, reaching $80.90. 282,400 shares of the company’s stock traded hands, compared to its average volume of 614,147. The company has a market capitalization of $3.61 billion, a PE ratio of 20.33, a P/E/G ratio of 0.98 and a beta of 1.89. Nexstar Media Group Inc has a fifty-two week low of $56.65 and a fifty-two week high of $89.75. The company has a debt-to-equity ratio of 2.59, a current ratio of 2.43 and a quick ratio of 2.43.

Nexstar Media Group (NASDAQ:NXST) last posted its earnings results on Wednesday, August 8th. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.14. The company had revenue of $660.30 million during the quarter, compared to the consensus estimate of $657.92 million. Nexstar Media Group had a net margin of 22.07% and a return on equity of 17.28%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 earnings per share. research analysts expect that Nexstar Media Group Inc will post 8.05 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 24th. Investors of record on Friday, August 10th were given a dividend of $0.375 per share. The ex-dividend date was Thursday, August 9th. This represents a $1.50 dividend on an annualized basis and a yield of 1.85%. Nexstar Media Group’s dividend payout ratio is presently 37.69%.

In other Nexstar Media Group news, insider Andrew Alford sold 1,000 shares of Nexstar Media Group stock in a transaction on Monday, August 27th. The shares were sold at an average price of $82.30, for a total value of $82,300.00. Following the completion of the transaction, the insider now owns 370 shares of the company’s stock, valued at $30,451. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian Jones sold 2,238 shares of Nexstar Media Group stock in a transaction on Wednesday, June 27th. The shares were sold at an average price of $76.03, for a total transaction of $170,155.14. Following the completion of the transaction, the insider now directly owns 10,500 shares of the company’s stock, valued at approximately $798,315. The disclosure for this sale can be found here. Insiders have sold 5,263 shares of company stock valued at $409,555 over the last 90 days. 6.40% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in Nexstar Media Group by 7.3% in the second quarter. BlackRock Inc. now owns 3,015,019 shares of the company’s stock valued at $221,304,000 after buying an additional 204,160 shares in the last quarter. Park West Asset Management LLC increased its holdings in Nexstar Media Group by 12.2% in the first quarter. Park West Asset Management LLC now owns 2,043,727 shares of the company’s stock valued at $135,908,000 after buying an additional 222,092 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Nexstar Media Group by 2.5% in the first quarter. JPMorgan Chase & Co. now owns 1,985,703 shares of the company’s stock valued at $132,047,000 after buying an additional 47,593 shares in the last quarter. P2 Capital Partners LLC increased its holdings in Nexstar Media Group by 59.1% in the first quarter. P2 Capital Partners LLC now owns 1,865,329 shares of the company’s stock valued at $124,044,000 after buying an additional 692,829 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Nexstar Media Group by 16.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,862,138 shares of the company’s stock valued at $136,684,000 after buying an additional 257,729 shares in the last quarter.

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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