Nexstar Media Group, Inc. (NASDAQ:NXST) Receives $204.29 Consensus Price Target from Brokerages

Nexstar Media Group, Inc. (NASDAQ:NXST) has been assigned a consensus rating of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $204.29.

NXST has been the subject of several research reports. Loop Capital lowered shares of Nexstar Media Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $200.00 to $190.00 in a report on Friday, November 8th. StockNews.com upgraded Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Barrington Research reaffirmed an “outperform” rating and set a $200.00 target price on shares of Nexstar Media Group in a report on Thursday, November 7th. Benchmark reissued a “buy” rating and issued a $215.00 price target on shares of Nexstar Media Group in a report on Friday, November 8th. Finally, Guggenheim lowered their price objective on Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating for the company in a research note on Friday, October 4th.

Nexstar Media Group Trading Down 0.5 %

Shares of NASDAQ NXST opened at $159.14 on Friday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.98. The stock’s 50 day moving average price is $168.39 and its two-hundred day moving average price is $167.47. Nexstar Media Group has a 52-week low of $147.25 and a 52-week high of $191.86. The stock has a market capitalization of $4.94 billion, a P/E ratio of 9.20, a PEG ratio of 0.20 and a beta of 1.45.

Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings results on Thursday, November 7th. The company reported $5.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.51 by ($0.24). The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.37 billion. Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The business’s revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.70 earnings per share. On average, analysts anticipate that Nexstar Media Group will post 24.53 earnings per share for the current fiscal year.

Nexstar Media Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $1.69 per share. The ex-dividend date was Friday, November 15th. This represents a $6.76 dividend on an annualized basis and a yield of 4.25%. Nexstar Media Group’s dividend payout ratio (DPR) is presently 39.10%.

Insider Transactions at Nexstar Media Group

In other Nexstar Media Group news, Director Bernadette S. Aulestia sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $164.45, for a total value of $82,225.00. Following the completion of the sale, the director now directly owns 2,000 shares in the company, valued at $328,900. This represents a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Perry A. Sook sold 37,025 shares of Nexstar Media Group stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $160.14, for a total value of $5,929,183.50. Following the transaction, the chief executive officer now owns 674,694 shares in the company, valued at approximately $108,045,497.16. This trade represents a 5.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 146,448 shares of company stock valued at $23,828,076. 6.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in Nexstar Media Group in the 3rd quarter valued at about $25,000. Whittier Trust Co. bought a new stake in Nexstar Media Group during the second quarter worth approximately $27,000. True Wealth Design LLC acquired a new position in Nexstar Media Group in the third quarter worth approximately $30,000. Wilmington Savings Fund Society FSB bought a new position in shares of Nexstar Media Group in the third quarter valued at $33,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Nexstar Media Group by 3,700.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 266 shares of the company’s stock valued at $44,000 after acquiring an additional 259 shares during the last quarter. Institutional investors own 95.30% of the company’s stock.

Nexstar Media Group Company Profile

Nexstar Media Group, Inc operates as a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to various markets; and offers television programming services.