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NASDAQ:NXST

Nexstar Media Group (NXST) Stock Forecast, Price & News

$140.64

+0.83 (+0.59%)

(As of 09/28/2023 ET)

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Today's Range: $139.23
▼
$142.00
50-Day Range: $133.65
▼
$186.72
52-Week Range: $133.09
▼
$217.76

Volume: 307,736 shs
Average Volume: 367,499 shs
Market Capitalization: $4.93 billion

P/E Ratio: 7.72
Dividend Yield: 3.84%
Price Target: $215.83

Nexstar Media Group MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.80 Rating Score
Upside/Downside: 53.5% Upside
$215.83 Price Target
Short Interest: Bearish
7.47% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.45
Upright™ Environmental Score
News Sentiment: 1.13
Based on 4 Articles This Week
Insider Trading: Selling Shares
$973,127 Sold Last Quarter
Proj. Earnings Growth: 150.30%
From $11.69 to $29.26 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.16 out of 5 stars

Consumer Discretionary Sector

4th out of 270 stocks

Television Broadcasting Stations Industry

1st out of 11 stocks

3.4

Analyst's Opinion

Consensus Rating
Nexstar Media Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $215.83, Nexstar Media Group has a forecasted upside of 53.5% from its current price of $140.64.
Amount of Analyst Coverage
Nexstar Media Group has only been the subject of 3 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
7.47% of the float of Nexstar Media Group has been sold short.
Short Interest Ratio / Days to Cover
Nexstar Media Group has a short interest ratio ("days to cover") of 5.7.
Change versus previous month
Short interest in Nexstar Media Group has recently increased by 5.53%, indicating that investor sentiment is decreasing significantly.

5.0

Dividend Strength

Dividend Leadership
Nexstar Media Group is a leading dividend payer. It pays a dividend yield of 3.94%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Nexstar Media Group has been increasing its dividend for 10 years.
Dividend Coverage
The dividend payout ratio of Nexstar Media Group is 29.65%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Nexstar Media Group will have a dividend payout ratio of 18.46% next year. This indicates that Nexstar Media Group will be able to sustain or increase its dividend.

3.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Nexstar Media Group has received a 33.39% net impact score from Upright. The largest positive contribution comes from its "Distributing knowledge" impact, which is mostly driven by its "Broadcasting of television news programs for majority groups following principles of journalistic ethics", "Publishing of online news for majority groups following principles of journalistic ethics", and "Broadcasting of television talk shows" products. See details.
Environmental Sustainability
The Environmental Impact score for Nexstar Media Group is -0.45.

3.4

News and Social Media Coverage

News Sentiment
Nexstar Media Group has a news sentiment score of 1.13. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.61 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Nexstar Media Group this week, compared to 5 articles on an average week.
Search Interest
22 people have searched for NXST on MarketBeat in the last 30 days. This is an increase of 47% compared to the previous 30 days.
MarketBeat Follows
6 people have added Nexstar Media Group to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Nexstar Media Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $973,127.00 in company stock.
Percentage Held by Insiders
Only 5.90% of the stock of Nexstar Media Group is held by insiders.
Percentage Held by Institutions
95.30% of the stock of Nexstar Media Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Nexstar Media Group are expected to grow by 150.30% in the coming year, from $11.69 to $29.26 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Nexstar Media Group is 7.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.10.
Price to Earnings Ratio vs. Sector
The P/E ratio of Nexstar Media Group is 7.72, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 18.52.
Price to Earnings Growth Ratio
Nexstar Media Group has a PEG Ratio of 1.51. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Nexstar Media Group has a P/B Ratio of 1.92. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Nexstar Media Group (NASDAQ:NXST) Stock

Nexstar Media Group, Inc., a television broadcasting and digital media company, focuses on the acquisition, development, and operation of television stations and interactive community websites and digital media services in the United States. The company offers free programming to television viewing audiences. It owns, operates, programs, or provides sales and other services to various markets. The company also offers video and display advertising platforms that are delivered locally or nationally through its own and various third party websites, mobile and over-the-top applications, other digital media solutions to media publishers, and advertisers and a consumer product reviews platform. In addition, it owns NewsNation, a national cable news network; and WGN-AM, a Chicago radio station, as well as owns and operates digital multicast networks and other multicast network services. Further, it engages in digital business; and management of real estate assets, including leasing of owned office and production facilities. Its stations are affiliates of ABC, NBC, FOX, CBS, The CW, MyNetworkTV, and other broadcast television networks. The company was formerly known as Nexstar Broadcasting Group, Inc. and changed its name to Nexstar Media Group, Inc. in January 2017. Nexstar Media Group, Inc. was founded in 1996 and is headquartered in Irving, Texas.

NXST Price History

30 days | 90 days | 365 days | Advanced Chart

NXST Stock News Headlines

September 20, 2023 | marketbeat.com

Disney Denies Rumors of TV Sale, After Stock Jumps on News (NXST)

Disney's stock rallied on reports of talks to sell ABC and other channels. The company issued a statement denying it had reached a decision about divestitures.

September 26, 2023 | finance.yahoo.com

Nexstar Media Group to Report 2023 Third Quarter Results, Host Conference Call and Webcast on November 8

September 29, 2023 | Altimetry (Ad)

Seven millionaires secretly enable market shock?

A fraud expert to the FBI just shared a surprising new prediction. Own stocks? Watch it now.

September 22, 2023 | finance.yahoo.com

Nexstar Broadcasting Group (NXST) Gains As Market Dips: What You Should Know

September 22, 2023 | finance.yahoo.com

Nexstar Broadcasting Group (NXST) Gains As Market Dips: What You Should Know

September 20, 2023 | finance.yahoo.com

Is Nexstar Media Group (NXST) Too Good to Be True? A Comprehensive Analysis of a Potential ...