Nexstar Media Group (NASDAQ:NXST) Raised to Buy at Citigroup

Nexstar Media Group (NASDAQ:NXST) was upgraded by research analysts at Citigroup from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Friday, MarketBeat.com reports. The firm presently has a $220.00 price target on the stock, down from their previous price target of $252.00. Citigroup’s price target points to a potential upside of 19.62% from the stock’s current price.

Several other analysts have also commented on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Nexstar Media Group in a report on Monday, December 29th. Benchmark cut their price objective on Nexstar Media Group from $300.00 to $250.00 and set a “buy” rating for the company in a report on Monday, April 6th. Guggenheim lifted their price objective on Nexstar Media Group from $250.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Deutsche Bank Aktiengesellschaft lifted their price objective on Nexstar Media Group from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, March 23rd. Finally, Barrington Research reissued an “outperform” rating and set a $290.00 price target on shares of Nexstar Media Group in a report on Tuesday, March 3rd. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Nexstar Media Group has a consensus rating of “Moderate Buy” and a consensus price target of $268.33.

Nexstar Media Group Stock Performance

Shares of NXST opened at $183.92 on Friday. 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 firm has a market capitalization of $5.58 billion, a P/E ratio of 62.56, a PEG ratio of 0.72 and a beta of 0.93. The business has a fifty day moving average of $223.08 and a 200 day moving average of $207.49.

Institutional Trading of Nexstar Media Group

Several hedge funds have recently bought and sold shares of NXST. Integrated Wealth Concepts LLC bought a new stake in Nexstar Media Group during the first quarter valued at about $499,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Nexstar Media Group by 49.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,870 shares of the company’s stock worth $2,844,000 after acquiring an additional 5,251 shares during the period. Millennium Management LLC boosted its stake in shares of Nexstar Media Group by 571.4% in the first quarter. Millennium Management LLC now owns 72,650 shares of the company’s stock worth $13,020,000 after acquiring an additional 61,830 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Nexstar Media Group by 14.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 132,809 shares of the company’s stock worth $23,802,000 after acquiring an additional 16,637 shares during the period. Finally, Acadian Asset Management LLC bought a new position in shares of Nexstar Media Group in the first quarter worth about $654,000. Institutional investors own 95.30% of the company’s stock.

Nexstar Media Group News Roundup

Here are the key news stories impacting Nexstar Media Group this week:

• Positive Sentiment: Citigroup upgraded NXST from “neutral” to “buy” with a $220 price target (down from $252) — the upgrade and fresh target provide near-term analyst support for the stock. Read More.
• Positive Sentiment: Short interest fell in March to ~1.47M shares (down 18.4% vs. mid-March), representing roughly 5.2% of float and a ~2.5-day short-interest ratio — reduced short exposure can lower near-term downside pressure.
• Neutral Sentiment: Nexstar set its Q1 2026 earnings release and conference call for May 7 — a scheduled catalyst that could move the stock depending on results and guidance. Read More.
• Neutral Sentiment: Bloomberg reports Nexstar will replace some local network news segments with NewsNation/Bloomberg reports — may reflect programming/cost strategy but advertiser and affiliate impacts are unclear. Read More.
• Neutral Sentiment: There is an anomalous April short-interest report showing zero/NaN values — data appears unreliable and shouldn’t be taken as a real change until clarified by exchanges/brokers.
• Negative Sentiment: A federal judge has eased some provisions but extended a temporary restraining order that continues to block Nexstar’s planned merger with Tegna for at least another week — ongoing legal uncertainty materially raises the risk the deal will be delayed or altered, a key negative for NXST’s strategic outlook. Read More.

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.