Nexstar Media Group (NASDAQ:NXST) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Nexstar Media Group (NASDAQ:NXST) had its price objective upped by equities research analysts at Deutsche Bank Aktiengesellschaft from $250.00 to $270.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 21.77% from the company’s current price.

A number of other analysts have also commented on the company. Barrington Research reissued an “outperform” rating and set a $290.00 price objective on shares of Nexstar Media Group in a report on Tuesday, March 3rd. Wells Fargo & Company raised their target price on Nexstar Media Group from $250.00 to $290.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Guggenheim lifted their target price on Nexstar Media Group from $250.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Nexstar Media Group in a report on Monday, December 29th. Finally, Benchmark increased their price target on Nexstar Media Group from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $282.00.

Nexstar Media Group Trading Down 3.7%

NASDAQ:NXST opened at $221.73 on Monday. The company has a debt-to-equity ratio of 3.05, a current ratio of 2.07 and a quick ratio of 2.07. Nexstar Media Group has a one year low of $141.66 and a one year high of $254.30. The company has a market cap of $6.73 billion, a PE ratio of 75.42, a PEG ratio of 0.91 and a beta of 0.79. The firm has a 50-day moving average of $228.87 and a 200-day moving average of $208.79.

Institutional Trading of Nexstar Media Group

A number of institutional investors and hedge funds have recently modified their holdings of NXST. Torren Management LLC purchased a new position in Nexstar Media Group in the fourth quarter worth $28,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Nexstar Media Group during the 3rd quarter valued at $28,000. Root Financial Partners LLC bought a new stake in shares of Nexstar Media Group during the 3rd quarter worth $31,000. Allworth Financial LP raised its stake in shares of Nexstar Media Group by 617.2% during the 2nd quarter. Allworth Financial LP now owns 208 shares of the company’s stock worth $36,000 after purchasing an additional 179 shares during the period. Finally, WPG Advisers LLC boosted its holdings in shares of Nexstar Media Group by 65.7% in the 4th quarter. WPG Advisers LLC now owns 179 shares of the company’s stock worth $36,000 after buying an additional 71 shares during the last quarter. 95.30% of the stock is owned by hedge funds and other institutional investors.

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.