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

Nexstar Media Group (NASDAQ:NXST) had its target price increased by Guggenheim from $250.00 to $290.00 in a research note released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

NXST has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft lifted their price target on Nexstar Media Group from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of Nexstar Media Group in a research report on Monday, December 29th. Finally, Citigroup cut their target price on Nexstar Media Group from $218.00 to $204.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 25th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Nexstar Media Group presently has an average rating of “Moderate Buy” and a consensus target price of $251.29.

Nexstar Media Group Stock Up 2.0%

Shares of NXST stock opened at $251.02 on Friday. Nexstar Media Group has a 12-month low of $141.66 and a 12-month high of $254.30. 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 fifty day moving average of $217.69 and a 200-day moving average of $204.88. The company 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were given a dividend of $1.86 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $7.44 annualized dividend and a dividend yield of 3.0%. Nexstar Media Group’s payout ratio is 46.13%.

Institutional Investors Weigh In On Nexstar Media Group

Large investors have recently made changes to their positions in the stock. Torren Management LLC bought a new stake in Nexstar Media Group during the fourth quarter worth $28,000. Measured Wealth Private Client Group LLC bought a new position in shares of Nexstar Media Group during the third quarter worth approximately $28,000. Root Financial Partners LLC acquired a new stake in shares of Nexstar Media Group during the third quarter worth $31,000. Allworth Financial LP raised its stake in Nexstar Media Group by 617.2% in the 2nd quarter. Allworth Financial LP now owns 208 shares of the company’s stock worth $36,000 after purchasing an additional 179 shares in the last quarter. Finally, WPG Advisers LLC boosted 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 valued at $36,000 after buying an additional 71 shares during the period. Institutional investors and hedge funds own 95.30% of the company’s stock.

Key Headlines Impacting Nexstar Media Group

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.