Shares of Nexstar Media Group Inc (NASDAQ:NXST) have received a consensus rating of “Buy” from the thirteen research firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $115.63.
A number of brokerages have commented on NXST. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. BidaskClub upgraded shares of Zillow Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 2nd. Zacks Investment Research downgraded shares of AmeriGas Partners from a “buy” rating to a “hold” rating in a research note on Wednesday. B. Riley set a $30.00 target price on shares of Customers Bancorp and gave the stock a “buy” rating in a research note on Tuesday, May 14th. Finally, Barrington Research restated a “buy” rating and issued a $29.00 target price on shares of Outfront Media in a research note on Monday, May 13th.
Shares of Nexstar Media Group stock traded down $3.04 during trading hours on Friday, reaching $103.90. The company’s stock had a trading volume of 486,874 shares, compared to its average volume of 530,598. The business’s 50 day simple moving average is $103.02. Nexstar Media Group has a one year low of $70.09 and a one year high of $119.93. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a market cap of $4.86 billion, a PE ratio of 12.31, a P/E/G ratio of 1.65 and a beta of 1.50.
Nexstar Media Group (NASDAQ:NXST) last issued its earnings results on Wednesday, May 8th. The company reported $1.15 EPS for the quarter, missing the Zacks’ consensus estimate of $1.17 by ($0.02). The company had revenue of $626.65 million during the quarter, compared to the consensus estimate of $640.35 million. Nexstar Media Group had a return on equity of 23.08% and a net margin of 14.26%. Nexstar Media Group’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 earnings per share. Research analysts anticipate that Nexstar Media Group will post 6.45 earnings per share for the current fiscal year.
In other news, Director Dennis Miller sold 625 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $102.17, for a total value of $63,856.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.40% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Windacre Partnership LLC grew its position in Nexstar Media Group by 92.2% during the fourth quarter. Windacre Partnership LLC now owns 2,524,900 shares of the company’s stock valued at $198,558,000 after buying an additional 1,210,900 shares during the period. FMR LLC lifted its holdings in Nexstar Media Group by 29.7% during the fourth quarter. FMR LLC now owns 2,470,878 shares of the company’s stock valued at $194,310,000 after purchasing an additional 565,758 shares in the last quarter. Norges Bank purchased a new position in Nexstar Media Group during the fourth quarter valued at $32,936,000. Boston Partners purchased a new position in Nexstar Media Group during the first quarter valued at $17,659,000. Finally, Brightline Capital Management LLC purchased a new position in Nexstar Media Group during the first quarter valued at $13,546,000.
About Nexstar Media Group
Nexstar Media Group, Inc operates as a television broadcasting and digital media company in the United States. The company focuses on the acquisition, development, and operation of television stations and interactive community Websites in small and medium-sized markets. It offers free over-the-air programming to television viewing audiences.
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