Nexstar Media Group (NASDAQ:NXST) Given New $270.00 Price Target at Deutsche Bank Aktiengesellschaft

Nexstar Media Group (NASDAQ:NXST) had its target price upped by Deutsche Bank Aktiengesellschaft from $250.00 to $270.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

NXST has been the topic of several other reports. Citigroup raised their target price on shares of Nexstar Media Group from $204.00 to $252.00 and gave the stock a “neutral” rating in a research report on Monday, March 2nd. Guggenheim upped their price target on shares of Nexstar Media Group from $250.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Wells Fargo & Company increased their price target on shares of Nexstar Media Group from $250.00 to $290.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Barrington Research reiterated an “outperform” rating and issued a $290.00 price target on shares of Nexstar Media Group in a report on Tuesday, March 3rd. Finally, Benchmark boosted their price objective on shares of Nexstar Media Group from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Nexstar Media Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $282.00.

Nexstar Media Group Stock Up 1.5%

Shares of NASDAQ:NXST opened at $230.24 on Monday. The stock’s 50-day moving average price is $228.56 and its two-hundred day moving average price is $208.69. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 3.05. Nexstar Media Group has a 12-month low of $141.66 and a 12-month high of $254.30. The firm has a market cap of $6.98 billion, a price-to-earnings ratio of 78.31, a PEG ratio of 0.90 and a beta of 0.79.

Nexstar Media Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a dividend of $1.86 per share. The ex-dividend date was Friday, February 13th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 3.2%. Nexstar Media Group’s payout ratio is presently 253.06%.

Institutional Trading of Nexstar Media Group

A number of institutional investors and hedge funds have recently bought and sold shares of NXST. Torren Management LLC acquired a new position in Nexstar Media Group during the fourth quarter valued at approximately $28,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Nexstar Media Group in the third quarter worth $28,000. Root Financial Partners LLC acquired a new stake in shares of Nexstar Media Group in the third quarter worth $31,000. Allworth Financial LP raised its stake in shares of Nexstar Media Group by 617.2% in the 2nd quarter. Allworth Financial LP now owns 208 shares of the company’s stock valued at $36,000 after acquiring an additional 179 shares during the period. Finally, WPG Advisers LLC raised its stake 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 valued at $36,000 after acquiring an additional 71 shares during the period. Institutional investors and hedge funds own 95.30% of the company’s stock.

About Nexstar Media Group

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.