Nexstar Media Group's (NXST) Buy (B) Rating Reaffirmed at Weiss Ratings

Key Points

• Nexstar Media Group has received a "buy" rating from Weiss Ratings, reaffirming confidence in the company's stock movement.
• Other analysts, including Barrington Research and Guggenheim, have set price targets between $225.00 and $250.00, indicating bullish sentiment on the stock's future performance.
• The company's latest quarterly earnings showed an EPS of $3.06, surpassing estimates, but its revenue was down 3.2% year-over-year.

Nexstar Media Group (NASDAQ:NXST - Get Free Report)'s stock had its "buy (b)" rating reissued by research analysts at Weiss Ratings in a report issued on Saturday,Weiss Ratings reports.

Other equities analysts also recently issued reports about the stock. Barrington Research reiterated an "outperform" rating and issued a $225.00 price objective on shares of Nexstar Media Group in a report on Tuesday, August 19th. Guggenheim upped their price objective on shares of Nexstar Media Group from $220.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. Zacks Research upgraded shares of Nexstar Media Group to a "hold" rating in a report on Friday, August 8th. Wells Fargo & Company upped their price target on shares of Nexstar Media Group from $206.00 to $250.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Finally, Benchmark upped their price target on shares of Nexstar Media Group from $220.00 to $225.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $225.00.

Nexstar Media Group Price Performance

NASDAQ:NXST opened at $190.73 on Friday. Nexstar Media Group has a one year low of $141.66 and a one year high of $223.36. The company has a market cap of $5.78 billion, a P/E ratio of 9.90, a P/E/G ratio of 1.42 and a beta of 1.01. The firm's fifty day moving average price is $201.11 and its two-hundred day moving average price is $182.34. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.69 and a quick ratio of 1.69.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $3.06 EPS for the quarter, beating the consensus estimate of $2.95 by $0.11. Nexstar Media Group had a net margin of 11.90% and a return on equity of 28.40%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the company earned $3.54 earnings per share. The company's quarterly revenue was down 3.2% on a year-over-year basis. Equities analysts expect that Nexstar Media Group will post 21.62 earnings per share for the current year.

Institutional Investors Weigh In On Nexstar Media Group

Large investors have recently bought and sold shares of the company. Caitlin John LLC acquired a new stake in Nexstar Media Group during the second quarter worth about $263,000. Lynx Investment Advisory acquired a new stake in Nexstar Media Group during the first quarter worth about $311,000. D.A. Davidson & CO. acquired a new stake in Nexstar Media Group during the first quarter worth about $323,000. Wedge Capital Management L L P NC grew its stake in Nexstar Media Group by 110.7% during the second quarter. Wedge Capital Management L L P NC now owns 29,751 shares of the company's stock worth $5,145,000 after buying an additional 15,628 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in Nexstar Media Group during the first quarter worth about $219,000. 95.30% of the stock is currently owned by institutional investors and hedge funds.

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.

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