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

Nexstar Media Group (NASDAQ:NXST) had its price objective hoisted by equities researchers at Guggenheim from $250.00 to $290.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Guggenheim’s price objective would indicate a potential upside of 15.53% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Nexstar Media Group in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Nexstar Media Group from $225.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Finally, Citigroup decreased their price objective on shares of Nexstar Media Group from $218.00 to $204.00 and set a “neutral” rating for the company in a research report on Tuesday, November 25th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Nexstar Media Group currently has an average rating of “Moderate Buy” and a consensus price target of $251.29.

Nexstar Media Group Trading Up 2.0%

NASDAQ NXST opened at $251.02 on Friday. The firm has a market capitalization of $7.61 billion, a PE ratio of 85.38, a price-to-earnings-growth ratio of 0.98 and a beta of 0.85. The business’s 50-day moving average price is $217.69 and its two-hundred day moving average price is $204.91. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 2.76. Nexstar Media Group has a 12 month low of $141.66 and a 12 month high of $254.30.

Institutional Trading of Nexstar Media Group

Several large investors have recently made changes to their positions in the company. Cross Staff Investments Inc bought a new position in shares of Nexstar Media Group in the fourth quarter valued at $203,000. Compound Planning Inc. acquired a new stake in shares of Nexstar Media Group in the 4th quarter worth about $252,000. Corient Private Wealth LLC raised its holdings in shares of Nexstar Media Group by 1,595.7% in the 4th quarter. Corient Private Wealth LLC now owns 114,813 shares of the company’s stock worth $23,313,000 after acquiring an additional 108,042 shares during the last quarter. Vident Advisory LLC lifted its position in Nexstar Media Group by 27.8% in the 4th quarter. Vident Advisory LLC now owns 12,529 shares of the company’s stock valued at $2,544,000 after acquiring an additional 2,729 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in Nexstar Media Group during the 4th quarter valued at about $384,000. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Nexstar Media Group News Roundup

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.