Nexstar Media Group (NASDAQ:NXST) PT Raised to $220.00 at Guggenheim

Nexstar Media Group (NASDAQ:NXSTGet Rating) had its target price increased by analysts at Guggenheim from $210.00 to $220.00 in a report issued on Wednesday, The Fly reports. Guggenheim’s price target suggests a potential upside of 37.37% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Rosenblatt Securities began coverage on shares of Nexstar Media Group in a research note on Tuesday, April 19th. They set a “neutral” rating and a $180.00 target price on the stock. Benchmark increased their price objective on Nexstar Media Group from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, February 23rd. Deutsche Bank Aktiengesellschaft lifted 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. StockNews.com cut Nexstar Media Group from a “buy” rating to a “hold” rating in a report on Tuesday, April 19th. Finally, Zacks Investment Research upgraded shares of Nexstar Media Group from a “sell” rating to a “hold” rating in a report on Tuesday, March 8th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $204.50.

NASDAQ:NXST opened at $160.15 on Wednesday. Nexstar Media Group has a one year low of $135.87 and a one year high of $192.84. The firm has a market capitalization of $6.48 billion, a PE ratio of 8.42, a PEG ratio of 0.64 and a beta of 1.54. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a 50 day moving average of $176.15.

Nexstar Media Group (NASDAQ:NXSTGet Rating) last issued its earnings results on Tuesday, May 10th. The company reported $5.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.89 by $1.10. Nexstar Media Group had a return on equity of 31.18% and a net margin of 17.95%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the prior year, the business earned $4.42 EPS. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, sell-side analysts forecast that Nexstar Media Group will post 24.58 EPS for the current year.

In other Nexstar Media Group news, Director John R. Muse sold 10,775 shares of the business’s stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $186.92, for a total value of $2,014,063.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew Alford sold 445 shares of the stock in a transaction on Wednesday, March 16th. The shares were sold at an average price of $184.80, for a total value of $82,236.00. The disclosure for this sale can be found here. Insiders sold a total of 37,919 shares of company stock worth $7,075,467 in the last quarter. Company insiders own 6.90% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Liberty Wealth Management LLC raised its holdings in Nexstar Media Group by 98.2% in the third quarter. Liberty Wealth Management LLC now owns 216 shares of the company’s stock valued at $34,000 after acquiring an additional 107 shares in the last quarter. First Financial Corp IN purchased a new stake in shares of Nexstar Media Group in the 1st quarter valued at approximately $41,000. Atlas Capital Advisors LLC acquired a new stake in shares of Nexstar Media Group in the 1st quarter valued at $44,000. Exchange Traded Concepts LLC lifted its position in shares of Nexstar Media Group by 69.5% during the 1st quarter. Exchange Traded Concepts LLC now owns 278 shares of the company’s stock worth $52,000 after purchasing an additional 114 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Nexstar Media Group by 87.4% during 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 during the last quarter. Hedge funds and other institutional investors own 96.00% of the company’s stock.

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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