Nexstar Media Group (NASDAQ:NXST) Price Target Raised to $300.00

Nexstar Media Group (NASDAQ:NXST) had its price target boosted by Benchmark from $250.00 to $300.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a buy rating on the stock.

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

Nexstar Media Group Trading Up 2.0%

NASDAQ NXST 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 fifty day simple moving average of $217.69 and a two-hundred day simple moving average of $204.88. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 2.76. The stock has a market cap of $7.61 billion, a P/E ratio of 85.38, a P/E/G ratio of 0.98 and a beta of 0.79.

Nexstar Media Group Announces Dividend

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 $1.86 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $7.44 dividend on an annualized basis and a yield of 3.0%. Nexstar Media Group’s dividend payout ratio is presently 46.13%.

Institutional Trading of Nexstar Media Group

Institutional investors have recently bought and sold shares of the business. Torren Management LLC acquired a new position in shares of Nexstar Media Group during the 4th quarter worth approximately $28,000. Measured Wealth Private Client Group LLC purchased a new stake in Nexstar Media Group in the 3rd quarter worth $28,000. Root Financial Partners LLC acquired a new position in Nexstar Media Group during the third quarter worth $31,000. Allworth Financial LP lifted its holdings in Nexstar Media Group by 617.2% during the second quarter. Allworth Financial LP now owns 208 shares of the company’s stock valued at $36,000 after purchasing an additional 179 shares in the last quarter. Finally, WPG Advisers LLC lifted its holdings in Nexstar Media Group by 65.7% during the fourth quarter. WPG Advisers LLC now owns 179 shares of the company’s stock valued at $36,000 after purchasing an additional 71 shares in the last quarter. 95.30% of the stock is owned by institutional investors and hedge funds.

Key Nexstar Media Group News

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.)

About Nexstar Media Group

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.