Nexstar Media Group (NASDAQ:NXST) Receives Buy Rating from Noble Financial

Nexstar Media Group (NASDAQ:NXST)‘s stock had its “buy” rating reiterated by stock analysts at Noble Financial in a research report issued to clients and investors on Thursday, December 21st.

Other equities research analysts have also issued research reports about the company. Jefferies Group reiterated a “buy” rating and issued a $80.00 price target on shares of Nexstar Media Group in a research note on Thursday, September 21st. Royal Bank of Canada restated a “buy” rating and set a $81.00 price objective on shares of Nexstar Media Group in a research report on Monday, September 18th. Zacks Investment Research upgraded Nexstar Media Group from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a research report on Wednesday, September 13th. Deutsche Bank assumed coverage on Nexstar Media Group in a research report on Friday, October 20th. They set a “buy” rating and a $80.00 price objective for the company. Finally, Guggenheim assumed coverage on Nexstar Media Group in a research report on Wednesday, October 18th. They set a “buy” rating and a $90.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Nexstar Media Group presently has an average rating of “Buy” and a consensus target price of $85.10.

Nexstar Media Group (NASDAQ NXST) traded down $0.55 during trading hours on Thursday, hitting $79.45. The stock had a trading volume of 542,867 shares, compared to its average volume of 720,556. Nexstar Media Group has a 52-week low of $55.95 and a 52-week high of $80.45. The company has a debt-to-equity ratio of 3.58, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market cap of $3,630.00, a price-to-earnings ratio of 29.76, a price-to-earnings-growth ratio of 0.74 and a beta of 2.21.

Nexstar Media Group (NASDAQ:NXST) last issued its quarterly earnings results on Monday, November 6th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.09. Nexstar Media Group had a return on equity of 16.20% and a net margin of 5.60%. The business had revenue of $611.87 million during the quarter, compared to analyst estimates of $609.44 million. During the same quarter in the prior year, the business posted $0.78 EPS. Nexstar Media Group’s revenue for the quarter was up 122.0% compared to the same quarter last year. research analysts anticipate that Nexstar Media Group will post 3.46 earnings per share for the current year.

In other Nexstar Media Group news, insider Gary Michael Vaughn sold 5,050 shares of the firm’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $61.35, for a total value of $309,817.50. Following the completion of the sale, the insider now owns 10,000 shares of the company’s stock, valued at $613,500. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Blake Russell sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $78.31, for a total transaction of $1,566,200.00. Following the completion of the sale, the senior vice president now directly owns 42,861 shares of the company’s stock, valued at approximately $3,356,444.91. The disclosure for this sale can be found here. In the last ninety days, insiders sold 345,860 shares of company stock valued at $23,290,703. 8.40% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sei Investments Co. increased its position in shares of Nexstar Media Group by 25.1% during the second quarter. Sei Investments Co. now owns 18,239 shares of the company’s stock worth $1,092,000 after acquiring an additional 3,658 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of Nexstar Media Group by 7.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 193,509 shares of the company’s stock worth $11,572,000 after acquiring an additional 13,228 shares during the period. Teacher Retirement System of Texas increased its position in shares of Nexstar Media Group by 2.8% during the second quarter. Teacher Retirement System of Texas now owns 3,584 shares of the company’s stock worth $214,000 after acquiring an additional 99 shares during the period. SG Americas Securities LLC increased its position in shares of Nexstar Media Group by 29.8% during the second quarter. SG Americas Securities LLC now owns 3,418 shares of the company’s stock worth $204,000 after acquiring an additional 785 shares during the period. Finally, Alps Advisors Inc. increased its position in shares of Nexstar Media Group by 0.3% during the second quarter. Alps Advisors Inc. now owns 6,826 shares of the company’s stock worth $408,000 after acquiring an additional 18 shares during the period.

ILLEGAL ACTIVITY WARNING: “Nexstar Media Group (NASDAQ:NXST) Receives Buy Rating from Noble Financial” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece of content on another site, it was illegally stolen and republished in violation of United States and international trademark & copyright legislation. The original version of this piece of content can be read at https://ledgergazette.com/2018/01/13/nexstar-media-group-nxst-receives-buy-rating-from-noble-financial.html.

Nexstar Media Group Company Profile

Nexstar Media Group, Inc, formerly Nexstar Broadcasting Group, Inc, is a television broadcasting and digital media company. The Company is focused on the acquisition, development and operation of television stations and interactive community Websites, and digital media services in medium-sized markets in the United States.

Analyst Recommendations for Nexstar Media Group (NASDAQ:NXST)

Receive News & Ratings for Nexstar Media Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexstar Media Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply