Analysts Set Nexstar Media Group, Inc. (NASDAQ:NXST) PT at $212.80

Nexstar Media Group, Inc. (NASDAQ:NXSTGet Rating) has been given an average rating of “Buy” by the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $212.80.

Several analysts recently issued reports on the company. Wells Fargo & Company boosted their price target on Nexstar Media Group from $186.00 to $208.00 in a research note on Wednesday, February 23rd. Benchmark boosted their price target on Nexstar Media Group from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, February 23rd. Deutsche Bank Aktiengesellschaft upped their target price on Nexstar Media Group from $187.00 to $216.00 and gave the company a “buy” rating in a research report on Tuesday, March 1st. Barrington Research upped their target price on Nexstar Media Group from $200.00 to $215.00 in a research report on Wednesday, February 23rd. Finally, Zacks Investment Research upgraded Nexstar Media Group from a “sell” rating to a “hold” rating in a research report on Tuesday, March 8th.

In other news, Director John R. Muse sold 10,775 shares of the business’s stock in a transaction on Tuesday, March 29th. The stock was sold at an average price of $186.92, for a total transaction of $2,014,063.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lisbeth Mcnabb sold 1,200 shares of the business’s stock in a transaction on Wednesday, March 23rd. The stock was sold at an average price of $189.95, for a total value of $227,940.00. The disclosure for this sale can be found here. Insiders have sold a total of 53,166 shares of company stock valued at $9,667,457 in the last three months. 6.90% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Nexstar Media Group by 2,081.5% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 10,166 shares of the company’s stock worth $1,545,000 after purchasing an additional 9,700 shares in the last quarter. Front Barnett Associates LLC acquired a new position in Nexstar Media Group in the 3rd quarter worth about $1,086,000. UBS Asset Management Americas Inc. increased its holdings in Nexstar Media Group by 1.4% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 77,384 shares of the company’s stock worth $11,759,000 after purchasing an additional 1,076 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Nexstar Media Group by 87.4% in the 3rd quarter. Geneos Wealth Management Inc. now owns 356 shares of the company’s stock worth $54,000 after purchasing an additional 166 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. increased its holdings in Nexstar Media Group by 80.0% in the 3rd quarter. Hussman Strategic Advisors Inc. now owns 27,900 shares of the company’s stock worth $4,240,000 after purchasing an additional 12,400 shares in the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

NXST opened at $170.02 on Thursday. The business has a fifty day simple moving average of $181.18 and a 200 day simple moving average of $165.78. The company has a market capitalization of $6.97 billion, a PE ratio of 8.94, a price-to-earnings-growth ratio of 0.69 and a beta of 1.51. Nexstar Media Group has a 1 year low of $135.87 and a 1 year high of $192.84. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.79 and a quick ratio of 1.79.

Nexstar Media Group (NASDAQ:NXSTGet Rating) last released its quarterly earnings results on Tuesday, February 22nd. The company reported $6.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.87 by $1.32. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. Nexstar Media Group had a return on equity of 31.18% and a net margin of 17.95%. The firm’s quarterly revenue was down 9.5% on a year-over-year basis. During the same period in the previous year, the company posted $7.97 EPS. Equities analysts anticipate that Nexstar Media Group will post 24.58 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, February 28th. Stockholders of record on Friday, February 11th were issued a dividend of $0.90 per share. The ex-dividend date was Thursday, February 10th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.12%. This is a boost from Nexstar Media Group’s previous quarterly dividend of $0.70. Nexstar Media Group’s payout ratio is 18.93%.

About Nexstar Media Group (Get Rating)

Nexstar Media Group, Inc, a television broadcasting and digital media company, focuses on the acquisition, development, and operation of television stations and interactive community websites and digital media services in the United States. The company offers free programming to television viewing audiences.

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