Nexstar Media Group (NASDAQ:NXST) Price Target Raised to $290.00

Nexstar Media Group (NASDAQ:NXST) had its price objective upped by Wells Fargo & Company from $250.00 to $290.00 in a research report sent to investors on Friday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

A number of other research analysts have also commented on the company. Citigroup cut their target price on Nexstar Media Group from $218.00 to $204.00 and set a “neutral” rating for the company in a research note on Tuesday, November 25th. Benchmark increased their price objective on shares of Nexstar Media Group from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Nexstar Media Group from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of Nexstar Media Group in a research note on Monday, December 29th. Finally, Guggenheim raised their price target on shares of Nexstar Media Group from $250.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Nexstar Media Group has a consensus rating of “Moderate Buy” and an average target price of $251.29.

Nexstar Media Group Trading Up 2.0%

Shares of NXST opened at $251.02 on Friday. The stock’s 50-day moving average price is $217.69 and its 200 day moving average price is $204.88. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 2.76. The firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of 85.38, a P/E/G ratio of 0.98 and a beta of 0.79. Nexstar Media Group has a 12-month low of $141.66 and a 12-month high of $254.30.

Nexstar Media Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, February 13th. Nexstar Media Group’s dividend payout ratio (DPR) is currently 46.13%.

Institutional Trading of Nexstar Media Group

Several large investors have recently made changes to their positions in NXST. Torren Management LLC acquired a new stake in shares of Nexstar Media Group in the fourth quarter valued at $28,000. Measured Wealth Private Client Group LLC bought a new stake in Nexstar Media Group during the 3rd quarter worth about $28,000. Root Financial Partners LLC acquired a new stake in Nexstar Media Group in the 3rd quarter valued at about $31,000. Allworth Financial LP increased its position in Nexstar Media Group by 617.2% in the 2nd quarter. Allworth Financial LP now owns 208 shares of the company’s stock valued at $36,000 after acquiring an additional 179 shares in the last quarter. Finally, WPG Advisers LLC raised its stake in shares of Nexstar Media Group by 65.7% in the fourth quarter. WPG Advisers LLC now owns 179 shares of the company’s stock worth $36,000 after acquiring an additional 71 shares during the last quarter. Institutional investors own 95.30% of the company’s stock.

Nexstar Media Group News Roundup

Here are the key news stories impacting Nexstar Media Group this week:

• Positive Sentiment: Several firms raised targets and reiterated buys/overweights — Benchmark boosted its target to $300 and kept a Buy, Wells Fargo raised its target to $290 with an Overweight, and Guggenheim raised its target to $290 and kept a Buy. These upgrades imply meaningful upside and likely helped push the stock higher. Benzinga
• Neutral Sentiment: Q4 revenue ($1.29B) came in roughly above consensus ($1.25B) but was down ~13% YoY, showing top-line resilience even as advertising weakness persists. Yahoo Finance
• Neutral Sentiment: Company earnings call/transcript coverage and analyst commentary highlight that NXST’s underlying operations appear stable and that on a non‑GAAP forward multiple it looks inexpensive versus peers — a valuation point investors may focus on if regulatory risks ease. Seeking Alpha
• Negative Sentiment: Big GAAP EPS miss: Nexstar reported ($5.63) EPS vs. consensus ~$4.01, driven in part by a $381M impairment and the absence of election-year advertising — a material hit that explains part of investor caution despite analyst upgrades. MarketBeat Earnings
• Negative Sentiment: Regulatory and legal uncertainty around the proposed Tegna acquisition remains a significant overhang; analysts and coverage note that regulatory hurdles could materially affect NXST’s outlook and deal thesis. Seeking Alpha
• Negative Sentiment: Short interest rose ~21.5% in February to ~2.2M shares (≈7.8% of float), increasing potential downside pressure or volatility if sentiment turns negative. (Data reported through Feb. 13.)

Nexstar Media Group Company Profile

Nexstar Media Group, Inc is a diversified American media company engaged primarily in the ownership, operation and strategic affiliation of local television stations, digital platforms and cable networks. The company provides a range of broadcast content, including local news, sports coverage, entertainment programming and syndicated shows, reaching audiences in more than 100 television markets across the United States.

Founded in 1996 by entrepreneur Perry Sook and headquartered in Irving, Texas, Nexstar has built its presence through organic growth and a series of high-profile acquisitions.