Analysts Set Nexstar Media Group, Inc. (NASDAQ:NXST) Price Target at $205.71

Shares of Nexstar Media Group, Inc. (NASDAQ:NXST - Get Free Report) have earned a consensus recommendation of "Buy" from the seven brokerages that are covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have issued a report on the stock in the last year is $205.71.

Several equities analysts have issued reports on NXST shares. Wells Fargo & Company dropped their price target on Nexstar Media Group from $216.00 to $200.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Barrington Research reiterated an "outperform" rating and issued a $200.00 price objective on shares of Nexstar Media Group in a research note on Tuesday, May 13th. Guggenheim increased their target price on shares of Nexstar Media Group from $210.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $200.00 price target on shares of Nexstar Media Group in a research note on Monday, March 10th. Finally, Loop Capital upgraded shares of Nexstar Media Group from a "hold" rating to a "buy" rating and upped their price objective for the company from $190.00 to $200.00 in a report on Friday, February 28th.

Nexstar Media Group Trading Down 0.4%

NASDAQ NXST traded down $0.75 during mid-day trading on Monday, reaching $169.81. 26,524 shares of the stock were exchanged, compared to its average volume of 389,754. The stock has a market cap of $5.18 billion, a P/E ratio of 9.82, a P/E/G ratio of 0.45 and a beta of 1.06. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.68 and a quick ratio of 1.68. Nexstar Media Group has a one year low of $141.66 and a one year high of $191.86. The stock has a 50 day simple moving average of $162.32 and a 200-day simple moving average of $162.01.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $3.37 earnings per share for the quarter, topping the consensus estimate of $3.26 by $0.11. Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the company posted $5.16 EPS. The business's quarterly revenue was down 3.9% on a year-over-year basis. On average, analysts anticipate that Nexstar Media Group will post 21.62 EPS for the current year.

Nexstar Media Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be issued a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date of this dividend is Monday, May 19th. Nexstar Media Group's dividend payout ratio is currently 37.69%.

Insider Transactions at Nexstar Media Group

In related news, CEO Perry A. Sook sold 32,096 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $170.67, for a total value of $5,477,824.32. Following the completion of the sale, the chief executive officer now directly owns 806,019 shares of the company's stock, valued at approximately $137,563,262.73. This represents a 3.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brett Jenkins sold 451 shares of Nexstar Media Group stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $173.59, for a total transaction of $78,289.09. Following the transaction, the insider now directly owns 24,026 shares in the company, valued at $4,170,673.34. This represents a 1.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 51,288 shares of company stock valued at $8,845,948 over the last three months. Corporate insiders own 6.70% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NXST. Jones Financial Companies Lllp increased its stake in Nexstar Media Group by 15.3% in the 4th quarter. Jones Financial Companies Lllp now owns 550 shares of the company's stock valued at $87,000 after buying an additional 73 shares during the last quarter. Glassy Mountain Advisors Inc. lifted its holdings in Nexstar Media Group by 0.4% during the first quarter. Glassy Mountain Advisors Inc. now owns 20,497 shares of the company's stock worth $3,674,000 after acquiring an additional 73 shares during the period. HighPoint Advisor Group LLC boosted its position in Nexstar Media Group by 5.0% in the first quarter. HighPoint Advisor Group LLC now owns 1,930 shares of the company's stock worth $346,000 after purchasing an additional 92 shares during the last quarter. State of Michigan Retirement System grew its stake in Nexstar Media Group by 1.4% in the 1st quarter. State of Michigan Retirement System now owns 7,000 shares of the company's stock valued at $1,255,000 after purchasing an additional 100 shares during the period. Finally, Louisiana State Employees Retirement System increased its position in shares of Nexstar Media Group by 1.2% during the 1st quarter. Louisiana State Employees Retirement System now owns 8,200 shares of the company's stock valued at $1,470,000 after purchasing an additional 100 shares during the last quarter. 95.30% of the stock is owned by institutional investors.

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.